Entrepreneurship-Services42 Comments

Keke NAPEP Business in Nigeria is one aspect of transportation business that booming right now. As the population of Nigeria keeps increasing day by day, the need to move people from one place to the other is also on the rise. The transportation measures taken by governments don’t seem to contain the lapses. Evidence of insufficient transport means abound at the bus stops and rail stations. For instance, it is very common to spot people hanging on Train, commercial buses etc, in Lagos state.

Those who do it don’t find fun in risking their lives, the need to get home is suppressing the danger of hanging on a vehicle.  The truth is, Nigerian government  does not have what it takes to offset the deficit in the transportation system. Many administrations have tried one way or the other to contain the situation but have failed.

SEE ALSO: How To Make More Profit In Transportation Business In Nigeria

For instance, when the Lagos state government kicked off BRT in 2008, people in Lagos thought solution to their transport woes has finally been found. But that measure only reduced the negative impact of poor transport system to a little degree. Mostly so because, the BRT buses covers only major areas of Lagos, mainly- Mainland – Island routes.

The questions therefore is:- What about those whose businesses take to places not close to the BRT routes, will they rely on privately owned commercial vehicles to get to their destination? The answers to this question is yes. Since poverty and the traffic situation is not encouraging many to get their own ride, a lot of people depend on Privately operated commercial vehicles to move from one street to the other. And this where Keke NAPEP Business comes into play.

The Evolution Of Keke NAPEP Business

President Olusegun Obasanjo introduced Keke Napep in Nov 6, 2002, as part of his poverty alleviation program. Since then, it has become the means of upkeep to many. In the situation where many state governments saw the need to restrict the use of Okada (commercial motorcycle) Keke Napep became a safer alternative, conveying people on short distance journey to their destinations.

SEE ALSO: How To Start Lucrative Taxi Company In Nigeria

Nigerian youth (most of them graduates) have welcomed it gladly, since it gives them better alternative to staying at home. It also gives anyone who is willing, the opportunity to invest in this lucrative means of transportation. This is how it works:-

Leasing

The cost of Purchase is about N400,000

Register with a Keke station (Association) with N5,000

You lease it at the cost of N650,000

Weekly payment of 15,000 for the duration of 10 months.

Note: Terms and some other conditions may apply. You may work out something different from this analysis with your hire purchaser.

Remember, registration with Three wheelers association of Nigeria will guarantee some measure of security. However, it is your duty to make adequate findings about your hire purchaser. It’s always better if he provides reputable referees.

The fear of the unknown has caused so many people to hold back. If you have such fears, start with one, I mean “a tricycle”. How it fares will help you to determine whether to go further or not. But it is always profitable to buy as many as you can afford to buy, since that will cushion the long time remittance effect. For instance, if you lease 5 Tricycles at the cost N650.000, your profit expectancy in a year will be about N1,250,000.

Note: This analysis of Keke NAPEP Business is based on what is obtainable in Lagos Nigeria.

Doing it Yourself

In case you choose to operate the machine yourself, the result will encourage you to do more. Daily, you could make N4- 7 000 depending on the turn out of passengers in your location. But there are other charges apart from the N5000 reg fee. You are required to pay to the Association N400 – N1000 daily, known as (owo itaa) part of the money goes into government purse. The maintenance is cheap, the parts are readily available, N1,000 fuel could take you for the whole day if your carburetor is sound enough. Remember, maintenance is the key to success when you are using Keke Napep.

You easily make N5,000 per day with your Tricycle if you are operating it yourself. This means, you will be making about N150,000 monthly after expenses. In a year you are talking about N1.5 million minimum earning.

You can decide to expand on this business after a year or chose something else doing. How do you see this? Is it lucrative enough for you or not?

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42 Comments

  • charles October 5, 2014

    please mr. samuel i appreciate your work and with your fellow partners. Plz, can you guide me well on how and where to import this keke napeb parts into Nigeria and make good profits. I'm confused about which country is the best for Nigerians in the importation. And again, i will be glad if you can advice me on any other profitable business that i can invest my 2 million naira and smile. Plz, just advice me as if you are the one going into the business and i need your urgent reply sir. Thanks and God bless you as you do so.

    Reply

  • Samuel Nwite October 5, 2014

    Charles, presently, China and India are the countries Nigeria import Tricycle from.
    As for investment, you can visit our office for lucrative investment options. We welcome your visit between now and weekend.

    Reply

  • Temi October 27, 2014

    Mr Samuel, if i decide not to lease it out but prefer the rider to be delivering 15,000 every week into my account while he takes the other profit he makes on top. Is such method not good?
    Also with this same method, who will be responsible for repairs incase their are slight damages. Me or the rider?
    Thank you

    Reply

  • Samuel Nwite October 28, 2014

    Most operators would want one of their own at the end of specific period, that's the motivating factor. And the owner is usually responsible for the maintenance.

    Reply

  • monday dickson November 6, 2014

    Sir,i intend to buy a fairly use keke napep.as i can not avoid the money for new one.please how much can i get it.the one that is good condition.i plan to drive it after my work in the evening,or it's encouraging to give it to a driver.i lives in ibadan.thank's for been there for us.

    Reply

  • BIGGEST BEN November 20, 2014

    WHICH COUNTRY PRODUCES TH BEST AND AFFORDABLE PRICE,IS IT CHINA OR INDIA

    Reply

  • tony November 30, 2014

    Pls. sir, I am planing to buy a faily used keke napep to be used personaly for commercial purposes.
    pls. how much can I get it and where can I get it.
    I stays in iju waterworks, lagos state.

    Reply

  • Darlinton Omeh November 30, 2014

    I think you can get it at Mushin or maybe you ask some other operators around, some of them may have one or two for sale.

    Reply

  • Samuel Nwite December 11, 2014

    Both countries offer their best for Nigerian roads, but India is preferable.

    Reply

  • chukwuma January 8, 2015

    sir, pls how can i get a new brand keke napep at hire purchase

    Reply

    • Oyebola March 16, 2016

      You can contact our office Bajaj Nigeria motorcycles ltd for Bajaj keke, with 6months warranty. 122-127 afprint industrial estate before iyana isolo. Lagos.
      Oyebola
      Sales manager

      Reply

      • chika May 27, 2016

        @ oyebola, pls how much is the cost of new kekee from your office? can you drop a number i can reach you with?

        Reply

      • damola July 11, 2016

        Please I need a contact phone no at bajaj office .I want to buy a tricycle urgently God bless you

        Reply

      • UMESH MALIK November 22, 2017

        Dear Mr. Oyebola
        Good evening!
        Could you please confirm the total number of BAJAJ Keke are presently running across Nigeria? Thanks.

        Regards

        Umesh Malik

        Reply

  • chukwuma January 8, 2015

    sir, i need one seriously at hire purchase, where can i get it?

    Reply

  • Dora January 27, 2016

    Hello I want to buy a tricycle,I live around gbagada and I’m really interested in it right now. Pls help me.

    Reply

    • kunle Rabiu April 25, 2016

      j UST bumped unto this. I av TVs king keke for sale. almost new. its available around ogba in Lagos. we can arrange a meeting

      Reply

      • onyi February 1, 2018

        your number please

        Reply

      • Godwin August 11, 2018

        good sir pls am urgent need this keke napep. I stay in ogba Ikeja Lagos .pls I promise to be honest with you. sir you can reach me with this number 09033100876

        Reply

      • godwin August 11, 2018

        dear Sir pls I need it where can I locat you in ogba Sir I’m available for it

        Reply

  • Akpos March 7, 2016

    pls where can i buy keke in lagos am at sureler and much is the cost price now. thnak u sir.

    Reply

    • kunle Rabiu April 25, 2016

      hello new TVs king from the distributor goes for around 450k. I av almost new TVs king for sale. it is available at ogba. if I interested. call me on.

      Reply

  • Akpos March 7, 2016

    pls where can i buy keke in lagos am in surulere and what is the cost price now

    Reply

  • melopwa April 3, 2016

    i appreciate your job. Pls i am into napep leasing i want to expand to involve selling the spare parts of tvs king napep. Can you link me with any reliable dealer that can deliver to me in taraba state.

    Reply

  • Daniel April 14, 2016

    Am Dan, I really need Keke for hire purchase… I stay in Lagos Aguda surulere.

    Reply

  • Dan April 21, 2016

    Good day Mr. Oyebola.
    Would like to get in touch with you and it’s urgent.
    Kindly drop your number or email.
    Thanks.

    Reply

  • Jonathan May 5, 2016

    I need a keke napep pls contact me or email

    Reply

  • Adeniyi May 8, 2016

    I’v already bought keke napep but still look forward to an honest person to collect on higher purchase, if you are interested pls contact me on 0802

    Reply

    • Abimbola June 12, 2016

      Good day Sir, Please am interested in it, i recide in Alagbado, i am ready to comply with the terms and condition. please contact me on

      Reply

    • ROTIMI AKERELE September 11, 2017

      I saw ur post,pls I need d Maruwa for hire purchase,I will be honest with u.

      Reply

  • Luc June 10, 2016

    Good morning Sir.
    I am an Ivorian and i am not goog in speaking and writing in english. So excuse me for mistakes
    I saw Keke for the first time in Nigeria where i was in 2013 for a mission. And i had decided to do this business in my village.
    I am actually writing my professional project about this kind of transport, i want to do as a business.
    Please can you send me a proforma invoice with the prices of firstly, one ingine and secondly 10 whith your discount.
    Thank you.

    Reply

  • Emeka June 18, 2016

    Is it advisable to buy a fairly used keke and give it out on daily returns.

    Reply

    • amy June 18, 2016

      if u r to use it youself, u can do that. but if not, its better to buy a new one so the driver wont start giving engine excuses.

      Reply

  • samson July 5, 2016

    I need okada for hire purchase

    Reply

  • Honour T September 8, 2017

    Am in need of keke napep right now.Please how much is new TVs ? Thank you for your assistance

    Reply

  • Joy September 21, 2017

    Good day Sir, pls I need a new brand keke for a business. Pls how much can i get it.

    Reply

  • oge obinna December 1, 2017

    Gud day sir, pls wot are the necessary requirements for traveling to India or China for exportation of keke napep parts into Nigeria sir pls I need helpful advice.

    Reply

  • benjamin randy davis okhilua December 18, 2017

    Great inspiration pro fine solution to economy Challenge,especial in Nigeria,which the tricycle has created employment for quite number of Nigerian,for the business dealer fast moving for the ride economy importance as a mean of life hood,and to advertising media a new innovation to take client business on a trip for wider coverage (mode vehicle easy link to transportation within a giving metropolis

    It has inspire Smate and Smate international(kekeads) business innovation in median advertising place easy and convince,it also add income to the tricycle ride with the country Nigerian

    Reply

  • Emma January 16, 2018

    This is a good inspiration and has opened my eyes.
    Thanks for sharing

    Reply

  • abbey April 22, 2018

    07055556868 pls i want one TVS on hire-purchase right now. thanks

    Reply

  • Rogers Roberto May 26, 2018

    Good pm Sir pls I want a brand new keke for balance and take

    Reply

  • Emma February 2, 2019

    This information was timely.
    As i am about venturing into this

    Reply

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