nuTonomy, Grab, Driverless taxis'

Writer and Social entrepreneur.

Truth is, we already saw this coming. As soon as the news about Taxify reducing their prices for cabs, we already envisaged that Uber would respond with a reduction in prices, and yay, we were right.

READ MORE: Taxify Reduce Prices Again, Would Uber Respond This Time?

In a press statement released by the management, they made known that “We want to make sure that Uber is an affordable way to move around your city, so we’re dropping rates in Lagos by 40% from Thursday 4th May 2017. Therefore you can now request a high-quality ride for the same price as small chops!”

I must say that this is one of the numerous advantages of having competitors in a particular industry as it would help regulate the prices of products and services, which would the be of numerous advantages to the customer.

READ MORE: Uber Kenya Introduces Cheaper Product – UberZ

Uber further stated  “decreasing the fares should get more people requesting more rides with Uber, which leads to drivers spending more time with paying riders and standing a chance to earn the same or more. We aren’t asking drivers to just take our word for it, we are providing temporary earning guarantees until it is clear that this will be the case.”

“These earning guarantees help to ensure driver-partners, who put in the time, don’t lose out. So get riding with Uber and experience the same rides but now at a more affordable price.”

READ MORE: Just Like Uber, Ride Hailing App Taxify Jacks Up Prices In Kenya

So people, I believe competition in the cab industry has made it very possible for you to pick the best cab hailing platform for you. You can do that based on their prices. See Uber’s new sample pricing below:

* Magodo to Gbagada From N1,100 to N600

* Yaba to Ilupeju From N1,300 to N800

* Surulere to Ikeja From N2,000 to N1,200

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