Starting a Bolt business in Nigeria is a great way to make money. Bolt is a ride-hailing company that allows people to request rides using their mobile phones.
It is like Uber, but many Nigerians prefer it because the prices are often lower. If you have a car or can get one, you can start making money as a Bolt driver.
This guide will explain everything you need to know about starting a Bolt business in Nigeria.
What is Bolt?
Bolt is a company that helps people find rides. It has an app that connects drivers with passengers who need a ride. When someone requests a ride, the app finds the nearest driver, and the driver takes the person to their destination. The passenger pays for the ride using cash or online payment, and Bolt takes a small part of the money.
Why Start a Bolt Business in Nigeria?
Many people in Nigeria use Bolt because it is easy and fast. Also, there are many traffic problems in big cities like Lagos and Abuja, so people prefer to request rides instead of driving themselves. This means that there is a high demand for Bolt drivers.
Here are some reasons why starting a Bolt business in Nigeria is a good idea:
• You can make money every day.
• You work when you want, so you are your own boss.
• It is easy to start if you have a car.
• Many people need rides, so there are always customers.
What Do You Need to Start a Bolt Business in Nigeria?
To start a Bolt business, you need a few things. These include:
1. A car that meets Bolt’s requirements.
2. A valid driver’s license.
3. A smartphone that can run the Bolt app.
4. An internet connection.
5. Vehicle documents like insurance and roadworthiness certificate.
6. A bank account to receive payments.
Now, let’s go through each of these requirements in detail.
Choosing the Right Car for Bolt
Not all cars can be used for Bolt. Your car must meet some requirements. Here are the things Bolt looks at when approving cars:
• The car should not be older than 2004 (some cities require newer models).
• It must have four doors (not two).
• The air conditioner must be working.
• It should be in good condition and have no major damage.
Some of the best cars for Bolt in Nigeria include:
• Toyota Corolla
• Toyota Camry
• Honda Accord
• Kia Rio
• Hyundai Elantra
If you do not have a car, you can buy one or rent one from someone who owns a car. Some people give out their cars to drivers on an agreement called “hire purchase” or “car rental.
Getting a Driver’s License
To drive for Bolt, you need a valid driver’s license. This is the official document that allows you to drive in Nigeria. If you do not have a license, you can get one from the Federal Road Safety Corps (FRSC). It is important to drive legally to avoid problems with the police.
Installing the Bolt App on Your Phone
The Bolt app is where you receive ride requests from passengers. You need to download the app on your smartphone from the Google Play Store or Apple App Store. You must also have a good internet connection to use the app.
Getting Vehicle Documents
Your car must have important papers like:
• Roadworthiness certificate
• Insurance
• Vehicle registration
• Proof of ownership
If your car does not have these documents, you must get them before signing up on Bolt.
Opening a Bank Account
You need a bank account because Bolt pays drivers through bank transfer. You will receive your earnings in your account every week.
How to Register as a Bolt Driver
The next step is to sign up on Bolt. Follow these steps:
1. Go to the Bolt website and click on “Sign Up.”
2. Fill in your details, including your name, email, and phone number.
3. Upload your driver’s license and car documents.
4. Bolt will review your application. If everything is correct, they will approve you.
5. Once approved, download the Bolt app and start driving.
How to Make More Money on Bolt
Driving for Bolt is not just about picking up passengers. You can make more money if you know what to do. Here are some tips:
• Drive during busy hours (mornings, evenings, and weekends).
• Be polite to passengers so they give you good ratings.
• Keep your car clean and in good condition.
• Accept more ride requests to increase your earnings.
• Know the best routes to avoid traffic.
How Much Can You Make on Bolt?
The amount you make depends on how many rides you complete. On average, Bolt drivers in Lagos make between 5,000 and 15,000 naira daily. If you work more hours, you can make up to 200,000 naira or more in a month.
Expenses to Consider
Before you start driving, you should know that there are some costs. These include:
Fuel: The more you drive, the more fuel you need.
Car maintenance: You must service your car regularly.
Bolt commission: Bolt takes about 15-20% of what you earn.
Internet: You need data to use the Bolt app.
Should You Buy a Car or Rent One?
If you do not have a car, you have two options:
Buy a car: This is better if you have money because you do not have to share your earnings with anyone.
Rent a car: This is good if you do not have enough money to buy a car. Many car owners rent their cars to drivers.
Best Cities to Drive for Bolt in Nigeria
Bolt is available in many cities, but some places have more customers. The best cities to drive for Bolt in Nigeria include:
• Lagos
• Abuja
• Port Harcourt
• Ibadan
• Benin City
Frequently Asked Questions About Starting a Bolt Business in Nigeria
How much does it cost to start a Bolt business in Nigeria?
The cost depends on whether you already have a car. If you have a car that meets Bolt’s requirements, your main expenses will be fuel, car maintenance, internet, and getting necessary documents. If you need to buy a car, the price can range from 2 million to 5 million naira for a good used car.
Can I use any car for Bolt?
No, Bolt has specific car requirements. Your car must not be older than the 2004 model, must have four doors, and must be in good condition with working air conditioning. Some cities may require newer models.
How does Bolt pay its drivers?
Bolt pays drivers weekly through bank transfers. You will receive the money in your registered bank account. However, passengers who pay in cash will pay you directly after the ride.
How much can I make per day as a Bolt driver in Nigeria?
Earnings depend on how many trips you complete and the city you are driving in. On average, drivers make between 5,000 and 15,000 naira daily. In a month, a dedicated driver can earn up to 200,000 naira or more.
What percentage does Bolt take from drivers?
Bolt takes a commission of 15% to 20% on every ride you complete. This means that if you earn 1,000 naira on a trip, Bolt may take 150 to 200 naira, and you keep the rest.
Can I start a Bolt business without a car?
Yes, you can start by renting or leasing a car. Some car owners offer their cars to drivers on a rental basis, where you pay a weekly or monthly fee. Another option is a hire-purchase agreement, where you gradually pay for the car until you fully own it.
Do I need a special driving permit to drive for Bolt?
No, you only need a valid Nigerian driver’s license. However, in some states like Lagos, you may need a driver’s badge or LASDRI card to operate legally.
Check out: How to Start Kitchen Utensils Business in Nigeria
Conclusion
Starting a Bolt business in Nigeria is a great way to make money. You need a car, a driver’s license, and the Bolt app. The business has some challenges, but with good planning, you can make a lot of money.
If you follow the steps in this guide, you can start your Bolt business and become successful.
