The Co-founder and CEO of NAIRAXI, Kingsley Eze, has said digitization of Nigeria’s public transit system is the solution to the increasing cost of petrol.
Eze said this on Arise TV, while speaking on fuel subsidy removal and the role of digital mobility in cushioning its effect, especially in the area of public mass transportation.
He said that apart from food, Nigerians spent a bulk of their money on transportation just to move from one place to another.
“We must adapt our transit system to face the recent market realities because subsidy removal has created a demand which is what the public transit sector has been lacking over time. With the demand, we need great supply of tech mobility operators and an efficient regulatory system by the government,” he said.
Eze has been on the front burner in the area of introducing proactive measures to digitise transportation, thereby making it convenient and accessible to Nigerians especially in the face of the fuel subsidy removal.
He has championed this course in the last 3years to lessen the eventual challenges and hardship of the removal of subsidy from petrol.
