Bolt Nigeria 2024: Driver Earnings and Fee Structure Explained.

Gain valuable insights into Bolt Nigeria’s 2024 requirements and Driver Earnings, along with a comprehensive breakdown of how they charge drivers.

Bolt is the second most popular ride-hailing service in Nigeria following Uber. Thanks to the likes of Bolt and Uber, commuters can now get around town conveniently and at pocket-friendly prices. Not only that, but it can also create great opportunities for you to increase your income or become your main source of income being a Bolt driving partner.

Four advantages of driving with Bolt are:

• Good income: the average monthly earning of a Bolt driver in Lagos is N400,000
• Anyone can partner with Bolt: regardless you are male or female, all you need is a car that meets Bolt car requirements in Nigeria 2020 (see below), or the ability to drive a car.
• You can drive with your own available time: there is no fixed working time and no boss. You drive when you are available.
• No monthly fee, no deposit: you only pay a commission when you earn.

You earn on an as-you-work basis. There is no limit to the number of trips that you make in a day or week or even month. Payouts are made weekly.

A ride with Bolt will go like this: Bolt riders shall fill in their destination in the Bolt App, view fare estimate and a designated driver and get picked. Bolt drivers shall receive a ride request via your Bolt driver app, pick up the client and drive to the destination.

Ok, it sounds great! Now what do you need to become a Bolt driver? Let’s check it out!

1. Bolt (Taxify) Nigeria requirements

The most important thing you need before you may become a driver on Bolt is a car that is acceptable on the Bolt platform. Aside from having a car that qualifies for the Bolt platform, you need to have a number of years of driving experience and a valid driver’s license.

Bolt car requirements in Nigeria

In general, your vehicle should be 4-doors sedans or SUV from 2003 & Minivans from 2004. 2-door sedans and hatchbacks are not acceptable on Bolt. Please find the details below:

Accepted vehicles for Lite (Lagos only)

• The model year is between 2002 and 2004
• Your vehicle is a 4-door sedan or SUV
• Your vehicle is in good condition
• Your vehicle can seat at least 4 passengers

Accepted vehicles for Bolt

• Your vehicle is no older than 14 years
• Your vehicle is a 4-door sedan or SUV
• Your vehicle is in good condition
• Your vehicle can seat at least 4 passengers

 Accepted vehicles for Comfort (Abuja only)

• Your vehicle is no older than 10 years
• Your vehicle is a 4-door sedan or SUV
• Your vehicle is in good condition
• Your vehicle can seat at least 4 passengers

Accepted vehicles for XL (Lagos only)

• Your vehicle is no older than 15 years
• Your vehicle is an SUV or mini-van
• Your vehicle is in good condition
• Your vehicle can seat at least 6 passengers

Best cars for Bolt business

A car that fits for Bolt business should be sleek yet reliable and has a very good fuel economy. It should also cost little in maintenance so you can minimize the costs and maximize the earnings. Those cars include Toyota Avensis, Honda City and Toyota Corolla.

Now if your car meets the above requirements, here are 2 more things:

• Obtaining driver insurance: this is an auto insurance product provided by AutoGenious. It is mandatory because even if you already have auto insurance, it often doesn’t cover driving-for-hire.
• Having Bolt vehicle inspection: this is a vehicle inspection service provided by AutoGenious that ensures your car is in good condition to provide the service. It costs ₦2000.

What if I don’t have a car?

If you don’t own a car but have a valid driver’s license, you can contact Bolt to find fleet owners or rental companies that offer rented car at a good rate.

What vehicles are accepted for Bolt? Vehicles not older than 10-15 years

Driver requirements

• Having a valid driver’s license. (See how to get new driver license or how to renew driver license)
• Completing Bolt driver training: you’ll be trained on how to deliver quality service and how to use the Bolt driver app

2. How do I become a Bolt driver in Nigeria? Step-by-step guide

Below are the 4 steps you need to follow before becoming a Bolt driver, as share by Naijauto, let’s check it out:

Step #1. Sign up

• To register, sign up at Bolt website: partners.taxify.eu/driver-signup
• Alternatively, you can download the Bolt (Taxify) Nigeria driver app
• If you have up to three or more cars, you can register them as a fleet: fleets.taxify.eu/

Step #2. Attend training

After registration and verification of your documents, check your email for the invitation for a driver training session.

Step #3. Get your vehicle accredited

• Visit the nearest AutoGenius facility to get your vehicle inspected. Find the list of AutoGenius facilities in Nigeria at bolt.myautogeniusinspection.com/#centers.
• Purchase DriverShield insurance package at https://www.myautogenius.com/

Step #4. Activation

Once your vehicle has been accredited, you are to visit a Bolt onboarding centre for an onboarding session and profile activation.

You are to take the following documents along with you when visiting the onboarding centre.

• Valid Nigerian Drivers license
• Valid AutoGenius vehicle inspection report
• Vehicle License

Below are the addresses of Bolt onboarding centres across Nigeria:

Note that you will need to provide the car owner’s name and contact details if the vehicle does not belong to you as the driver. This step is to put in place to avoid using other people’s cars without their express permission.

Ordering and offering a ride via the Bolt app is quick and easy for both riders and drivers

3. FAQs for drivers

What are Bolt Nigeria rates like and how much can I make from Bolt?

What you should know about making money as a Bolt driver is that earnings are dynamic. A number of factors such as peak periods, location and your rating on the app can determine how much you earn on the platform at the end of the week.

On average, a Lagos Bolt driver earns around N400,000 monthly as fares after commission.

Fuel costs up to N140,000 a month.

Insurance and maintenance expense costs up to N60,000.

–> You can earn N400,000 – (N140,000 + N60,000) = N200,000 a month as net income.

What percentage does Bolt (Taxify) take in Nigeria?

Bolt Nigeria charges drivers 15% on every trip completed on the Bolt platform.

How do I get paid?

• Payouts are made on a weekly basis
• The weekly payment cycle runs from Monday to Sunday
• Payments plus earned bonuses of the previous week are paid out to drivers within the first 1-2 days of a new week via their bank accounts.

Bolt (Taxify) vs. Uber: which one is better to drive for?

Uber seems to be the most popular ride sharing company in Nigeria with a dominating number of drivers and active users while Bolt (Taxify) is a newer player. But you should know that in terms of driver benefits, Bolt seems to be a better company. Let’s take a look:

• You earn more per trip with Bolt: Uber takes 25% of the fare of every trip completed by the driver as commission, while Bolt Nigeria charges its drivers just 15%.
• You have more chances to drive if you don’t live in Lagos and Abuja: Bolt has a presence in 9 major Nigerian cities, namely Lagos, Abuja, Kano, Owerri, Port Harcourt, Uyo, Calabar, Benin and Ibadan. Uber on the other hand, scattered across Lagos and Abuja only.

Both companies provide some sort of medical insurance for their drivers. You’ll have access to HMO health insurance when driving with Bolt while Uber provides accident insurance from AXA Mansard for its drivers.

Uber Vs Bolt: Which is better?

4. Things you might not know about Bolt

Bolt which was formerly known as Taxify is one of the most popular ride hailing apps in Nigeria.

Bolt was founded as Taxify in 2013 in Estonia by 19 year old high school student, Markus Villig. The company’s mainstay as at that time was an app that allows private drivers to offer rides with their cars or scooters. The app was used to connect riders and drivers.

As of February 2019, Bolt has spread its tentacles in about 34 countries of the globe, cutting across 150 cities across Africa, Europe, America, Asia and Australia. Bolt has 25 million registered customers and over 500,000 registered drivers across the globe.

Bolt arrived Lagos, Nigeria in 2016 and has become the second most popular amongst car hailing services in Nigeria.

Bolt (Taxify) Nigeria contact:

Lagos

Abuja

Benin City

Calabar

Ibadan

Kano

Owerri

Port Harcourt

Uyo

Transportation in Nigeria corner, we hope you are confident to register for Bolt and start earning money.

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