Connect with us
JUMIA TECH WEEK

TECHNOLOGY

Moove Launches ‘N500m Moove Cares Programme’ for Nigerian Customers In Response To Rising Prices

Published

on

Moove, the world’s first mobility fintech platform, today announced the launch of its ‘Moove Cares’ programme, which includes a substantial support package aimed at mitigating the negative effects of ongoing inflation in Nigeria. Moove recognises the challenges posed by rising fuel prices for its customers managing their businesses, as well as the additional burden of inflationary food prices on household budgets, and is providing assistance both at work and at home. This programme includes fuel subsidies to help businesses run smoothly, as well as a comprehensive care package to assist households during these difficult times.

This programme demonstrates Moove’s commitment to ensuring a positive impact on the lives of its customers, particularly in light of Nigeria’s challenging and chronic economic landscape. Given the cost of living crisis in many of its markets, as part of its unwavering commitment to customer welfare, the company is launching similar initiatives globally to assist impacted customers.

Nigeria, Africa’s largest economy, is dealing with an acute cost-of-living crisis and rising food prices, exacerbated by a combination of factors such as severe inflation, currency fluctuations, and logistical disruptions. In January 2024, the Nigeria Bureau of Statistics reported a 35.41% increase in food inflation, making it difficult for many people to afford necessities.

Following the removal of the fuel subsidy in May, fuel prices in Nigeria have risen to an all-time high, reaching N610 per litre, a significant increase from the previous subsidised price of N264 per litre in March 2023. This sharp 131% increase in fuel costs has had a knock-on effect in a variety of sectors, most notably increasing transport fares and significantly raising the prices of food and other necessities.

Recognising the gravity of the situation, Moove has committed to providing free ‘Moove Cares packages worth more than N150,000 to all of its customers. Beginning next week, the programme aims to mitigate the impact of high fuel prices and rising food prices, particularly during the critical Easter and Ramadan holidays.

Advertisement

‘Moove Cares’ demonstrates Moove’s proactive approach to corporate social responsibility and customer-focused support during these challenging times for the country.

Taiwo Ajibola, Moove’s Regional Managing Director for Nigeria, elaborated on the programme objectives, saying, “As a listening organisation, we understand from our customers’ feedback the urgent need for assistance amid the ongoing cost of living crisis affecting both fuel and food prices. Our Moove Cares programme aims to support our customers during a challenging economic climate.

Since its launch in 2020, Moove has been at the forefront of democratising access to financial services for mobility entrepreneurs. With a presence in nine global markets, Moove’s innovative Alltform has facilitated over 30 million trips, making a significant difference in the lives of 80,000 of its customers and dependents.

As Nigeria navigates these turbulent economic times, the ‘Moove Cares’ campaign serves as a lifeline for Moove’s customers, reinforcing the company’s position as a socially responsible leader in the mobility fintech space. Moove’s comprehensive support package reaffirms its commitment to building a resilient and thriving community capable of overcoming current economic challenges.

 

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

TECHNOLOGY

Clean Technology Hub, FCT Launch Climate And Change Youth Movement In Abuja Secondary Schools

Published

on

Renewable energy

Clean Technology Hub, a renewable energy and climate change advocacy firm, has launched a Climate Change and Youth Movement in FCT secondary schools in collaboration with the Department of Science, Technology, and Innovation of the FCT Education Secretariat.

On April 25, 2024, the collaborators established the Climate and Change Youth Movement at the Government Science and Technical College in Bwari, FCT.

The Climate Change and Youth Movement is a platform for students to learn about the environment and help solve climate change challenges in their communities. It is consistent with a worldwide effort to raise awareness and educate children and youth about climate change and renewable energy. According to experts, children and youth have the potential to be driving forces in meeting the Sustainable Development Goals’ climate change targets.

Clean Technology Hubs’ Climate Change and Youth Movement, designed for public secondary school students and teachers, aims to assist schools in developing climate education programmes. CTH plans to implement it by forming new environmental clubs (Green Clubs) or collaborating with existing ones that target science and art students, and providing them with a club manual to guide their meetings.

The schools will also take part in the first Nigerian Students Climate Summit, which will take place on June 6, 2024, to commemorate World Environment Day.

Advertisement

The program’s goals are to raise awareness, sustainability, and resilience about climate change and clean energy, to build capacity in the various technical skills needed in the clean energy market value chain, and to improve understanding of opportunities in the renewable energy sector.

Ms Ifeoma Malo, founder and CEO of Clean Technology Hub, stated, “The agreement signed with DSTI allows us to launch a pilot programme in the Government Science and Technical College, Bwari, which, if successful, will be replicated in other colleges in Abuja.

 

Continue Reading

TECHNOLOGY

House Of Representatives Suspends Implementation Of Cybersecurity Levy

Published

on

The House of Representatives has directed the Central Bank of Nigeria (CBN) to immediately suspend the cybercrime levy by the provisions of the Cybercrime Act.

The House said Thursday that the CBN’s circular was prone to misinterpretation by Nigerians because it contradicted the spirit and letter of section 44(2a) of the Cybercrime Act, which specifies who is expected to pay the levy, according to the Daily Post.

It approved a motion of urgent public importance proposed by Minority Leader Kingsley Chinda (PDP, Rivers) on behalf of all legislators.

The House requested that the Central Bank immediately withdraw its previous circular on the levy’s implementation and issue a new circular by the Act’s provisions.

According to Chinda, section 44(2a) of the Cybercrime Act lists those who must pay the stipulated fees as GSM and telecom companies, Internet providers, banks and other financial institutions, insurance companies, and stock exchanges.

Advertisement

He explained that the CBN circular has caused concern throughout the country because it gives the impression that the levy is to be paid by Nigerians at a time when they are still struggling with rising petroleum prices, among other things.
The lawmaker went on to say that the CBN circular has been interpreted in various ways.

 

Continue Reading

TECHNOLOGY

Dig-Once Policy: Abia Government Suspends All Excavation/Trenching Activities In The State

Published

on

Gov Otti signing the Dig-Once policy recently

Abia State Government has announced a temporary and immediate cessation of all excavation/trenching activities in the State until a Special Purpose Vehicle (SPV) is selected to oversee the implementation.

The suspension directive is coming after the signing of the Dig-Once Policy by the Governor of Abia State, Dr. Alex Otti, recently, which marked a significant milestone in the advancement of telecommunications and digital infrastructure in the State.

In a statement by Hon. Matthew C. Ekwuribe, Commissioner for Digital Economy and SMEs, all prior issued Right-of-Ways (RoWs),  by the State to Mobile Network Operators (MNOs) and Internet Service Providers (ISPs), not yet implemented as of the day of this statement, is hereby suspended.

This measure, Ekwuribe said, is important to ensure proper coordination and adherence to the policy guidelines as well as safeguarding the interests of both the public and private sectors.

“To this end, ANYONE, corporate or individual, who violates this Policy, will be sanctioned and penalised by the law.

Advertisement

“The government urges full cooperation from all MNOs and ISPs, as the State strives to harmonise all ducts and create a conducive and decent environment for all.”

The Commissioner said the Dig-Once policy will serve as a legal framework to guide the deployment of telecommunications infrastructure across the state, streamlining processes ensuring efficient use of resources and harmonising all fibre-optic ducts.

He said the policy holds immense importance for the State’s future development. “By coordinating/harmonising excavation and trenching activities along public Right-of-Ways (RoW), we can minimise disruptions, reduce costs, and expedite the deployment of broadband Internet services.”

This proactive approach, the Commissioner added, not only enhances connectivity but also lays the groundwork for economic growth, innovation, and prosperity for all Abians.

Advertisement
Continue Reading
Advertisement

Trending