Mass Transportation by Tricycles popularly known as “Keke NAPEP” was introduced on November 6, 2002, by the former president of Nigeria, Olusegun Obasanjo, as part of the government’s poverty alleviation programme called, “National Poverty Eradication Programme (NAPEP)” in a 2001. If the hirer shall duly observe and performs all the conditions herein contained and on his part to be observed and performed and shall pay to the owner the sum specified in clause 3 hereof, … Tricycles, popularly called “Keke NAPEP” are among the most popular means of street transportation in Nigeria. This way, you can earn so fast as the driver would like to meet with the deadline. Brand of Keke Napep to Buy I can only speak for Kaduna, Kano, Kastina and Niger. 350 Keke Napep have arrived Bauchi State out of the 1,000 planned to be distributed to those affected by the ban on Achaba operations in the state. Even if you don't know how to operate a bike or even money to buy one, you can easily get a bike at hire purchase and start carrying passengers for cash. The truth is, Nigerian government does not have what it takes to upset the deficit in the transportation system. It is not really pinned at that price, you can still meet your hire purchaser and deliberate on the … Get a Keke napep on high purchase. Remember that NAPEP is symbolised, by the tricycle called ‘Keke NAPEP’. Keke NAPEP for hire purchase. Re-examination of the Concept of Poverty in Nigeria …poverty in Nigeria is evenly distributed across the country, rather than strong in … (vii) Not use or permit or suffer the said vehicle to be used in contravention of any law for the time being in force. Clean keke napep avialable for sale at affordable price. KEKE NAPEP -Tricycle in Nigeria | Photo credit: Padson Ltd. 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. Also cost efficient. Note: Terms and some other conditions may apply. TVS keke Napep is the best type, the parts are readily available and cheap. Starting this transport based business depends on your preferred choice as stated above. Keke NAPEP é um meio de transporte popular nas cidades da Nigéria. There are many names given to keke, like keke Maruwa, keke napep, trycycle etc. Posted on December 11, 2020 | Leave a comment. She effectively competes with men who are famous for driving in Nigeria. IBADAN KEKE NAPEP HIRE PURCHASE. Keke Napep (commercial tricycle), has increasingly become a major component of the World Transportation system. Popular Brands of Keke in Nigeria Market are: how agricultural development is a panacea to poverty eradication and economic empowerment. Keke Napep Hire Purchase Agreement 11 december 2020 / in / door @Essien Idioke, please enter it on a higher purchase, 1.1m is not bad. This is done for those wishing to go into the Keke napep business. Please follow the instructions below accordingly to get connected to individuals who are willing to give out kekes and taxi for hire purchase. 3. 3 talking about this. Call for inspection and purchase Condition: Nigerian Used, Colour: Yellow Abuja (FCT) State, Nyanya, DEC 15 – Motorcycles & Scooters 3. 3. Most potential investor in Tricycle and Keke Napep transportation business in Nigeria might be asking how lucrative the business is. Model of tricycle, place of purchase, time of purchase and currency exchange rates are key factors that determine the Price of Keke Napep in Nigeria. Hello@Jaaper Suppose you told the driver that the amount you will give for the rental sale is 100k, the driver will drop 10k of the amount to show the commitment, then the remaining amount will be read based on the number of … There are many names given to keke, like keke Maruwa, keke napep, trycycle etc. Import a New Keke or Buy Here in Nigeria Enquanto NAPEP é um acrônimo para o Programa Nacional de Alívio da Pobreza do Governo Federal da Nigéria. The only thing is that you'll likely pay higher than the actual cost … keke napep hire purchase: This involves buying a tricycle and giving it to a Keke rider or tricycle riders association and get an agreed fee remitted to you on a daily, weekly or monthly basis.If you practice the Keke hire purchase after the … You lease it at the cost of N650,000. Isso foi introduzido em 2000. Comment your interest on the article. With the money the driver brings each week, you can pay the owner. 4. 4. Startup Costs for Keke NAPEP Business. The cost of Purchase is about N400,000. Most Tricycles are leased out by owners to driver on hire purchase who becomes owners of the tricycle after remitting some stipulated … You can purchase a Keke and get somebody to ride and remit cash to you on a daily basis. Governor Bala Abdulkadir Mohammed while inspecting the tricycles, said that their purchase is to cushion the effect of the ban of the achaba on the beneficiaries. ... Am kenny reside in lekki Phase 1, I am looking for opportunity for hire purchase of Keke for business along Ahaja to shangotedo down to awoyaya to lakwe and it a very moving business in dis road, my contact are … Hire purchase can ease off the stress of raising 100% of the funds but it comes with a price in the long run- you pay more. The keke is still new and everything is working perfectly.. Keke Napep Hire Purchase Agreement Form. “If I have a better option, I wouldn’t mind because it is difficult to operate. In Hire Purchase, it simply means after a period of time the ownership of the Keke Napep is handed to the driver. Leasing cost about N650,000 which you can be making a weekly payment of N15,000 for 10 months. And for hire purchase, the total money to be paid is N550,000 before you finally become the owner of the machine. New Tricycle 2018 Hold a little for yourself until you have completed the lender`s payment. In the hire purchase system, you'd pay for the Keke NAPEP in regular instalments while having the use of it. 2. 3. TVS keke Napep is the best type, the parts are readily available and cheap. Under the hire-purchase option, more profits are made with more keke NAPEP’s sold out, but of course your capital requirements are greater. Register with a Keke station (Association) with N5,000. State your name and … The buyer of the Keke Napep might require you to advance about 30% of the total price. Hire Purchase. That’s that on hire purchase for now. If it is given on ‘hire-purchase’, it might even be up to N500, 000 or more depending on who is bankrolling the deal. If you don't have enough funds, you can also opt for the hire purchase option. The governor, Bala Mohammed said yesterday, that government will purchase 500 tricycles (KEKE NAPEP) for distribution to riders as … Double Dove Nigeria Limited. You may work out something different from this analysis with your hire purchaser. 4. 3.3. For those who can ... Ikeja, Lagos, Nigeria to purchase your Keke Napep with them. Note: payment on hire purchase is all based on negotiations. i. the sustainability of KEKE NAPEP (Hire purchase) Programme in poverty eradication, and ii. From October 2014 – October 2023, you would have had 18 keke Napep in (Location here) each of the 18 Keke Napep which runs for you on a N900,000 Hire Purchase agreement for one and half years, would have collectively before 2023 seen to it that you have N16,200,000{Sixteen Million, Two hundred thousand}. 2. Double Dove is another leading dealer in Keke Napep business, selling quality Napep with parts. Also cost efficient. WHERE TO GET TRICYCLE FOR HIRE PURCHASE IN OYO STATE. Now, a person needs to cough out as much as N350, 000 to able to own one. Hire Purchase. Here, you also purchase a tricycle or keke napep and give it to someone interested in driving to make ends meet. High purchase in Nigeria is when you take a product (on credit) with a standing agreement to remit a certain amount of proceeds daily till you pay up. That is the driver pays a particular percentage of the buying price and the profit you intend to make on the Keke Napep instantly, after wards remits money on a daily or weekly basis to fulfill the remaining price. Brand of Keke Napep to Buy I can only speak for Kaduna, Kano, Kastina and Niger. Import a New Keke or Buy Here in Nigeria The owner of the tricycle will give you a target, maybe on a weekly or monthly basis. 1. hire purchase:this is when you buy the keke and give it out to a driver and reaching an agreement for him to pay at installments for the keke napep.Once he completes the payment, the keke becomes his. Na tradução, keke é a palavra hausa, que significa triciclo. It is not everyone that can afford to buy a Keke, so if you don’t have such amount, you can go for hire purchase. A new Keke Napep is sold from ₦450,000 to ₦800,000 while fairly used Keke Napep is sold at ₦200,000 to ₦300,000 on average. Keke NAPEP é o nome dado aos triciclos na Nigéria. Daily balance or payment. The above question is what this post have come to answer. 4. First grade keke is between #350,000-#400,000 and hire purchase is between #700,000-#800,000. After the total sum and interest or commission has been paid, the Keke rider now takes possession of the Keke while you can make a profit of between N50,000 and N 150,000 in three to six months higher purchase duration depending on the hire purchase agreements. Keke hire purchase business is very lucrative because maintenance is cheap and the engine can drive for 5-7 years if proper … This method of starting a tricycle (keke napep business in Nigeria is pretty straight forward. It is hereby agreed that the hire purchase price for the said tricycle (Keke Napep), is N855, 000.00 (Eight Hundred and Fifty five Naira) which sum shall be liquidated by a weekly installment of N15,000.00 (Fifteen Thousand Naira), payable by hirer to the owner or his appointed agent. Keke hire purchase business is very lucrative because maintenance is cheap and the engine can drive for 5-7 years if proper maintenance is done. Note: payment on hire purchase is all based on negotiations. 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