Tag: mobility

  • Schengen visa fees: Nigerians’ rising spend rekindles debate over travel access and value

    Schengen visa fees: Nigerians’ rising spend rekindles debate over travel access and value

    According to Punch, Nigerians have spent an estimated ₦130 billion on Schengen visa applications over an 11‑year period, underscoring how costly cross‑border mobility has become for travellers and businesses.

    The numbers are driving renewed questions about processing transparency, appointment bottlenecks, and what applicants actually receive in service quality for the fees paid.

    SchengenVisaInfo’s reporting on Schengen application statistics notes the scale of fee revenue generated by applications, while Business Insider Africa highlighted how denied visas still leave applicants out of pocket through non‑refundable fees.

    Expect the conversation to intensify as fees rise and more Nigerians weigh alternative destinations, longer-term visas, or travel routed through less restrictive hubs.

    Echotitbits take: Expect the conversation to intensify as fees rise and more Nigerians weigh alternative destinations, longer-term visas, or travel routed through less restrictive hubs.

    Source:The  Punch — January 3, 2026 (https://punchng.com/nigerians-spent-n130bn-on-schengen-visa-applications-report/#:~:text=According%20to%20figures%20compiled%20by,countries%20between%202014%20and%202024.)

    The Punch January 3, 2026

    Photo Credit: The Punch

  • UBA Rolls Out ₦100m Vehicle Financing Scheme to Support Lagos Ride-Hailing and Commercial Drivers

    UBA Rolls Out ₦100m Vehicle Financing Scheme to Support Lagos Ride-Hailing and Commercial Drivers

    Photo Credit: Punch

    2025-12-17

    As reported by *The Punch*, UBA has unveiled a ₦100 million vehicle support/financing scheme in Lagos aimed at helping qualifying drivers access vehicles under structured repayment terms.

    The programme is positioned as a mobility and financial inclusion play—lowering entry barriers for commercial drivers while giving the bank a scalable consumer-credit product tied to income-generating assets.

    For participants, the big variables are affordability (interest, fees, insurance), vehicle quality, and the clarity of default rules—issues that have derailed similar schemes in the past.

    Other reporting on the same development includes:
    – BusinessDay: “Banks are expanding asset-backed lending as consumer credit demand grows.”
    – Nairametrics: “Driver-focused vehicle financing is returning as platforms seek more stable fleets.”

    Analysis/Echotitbits take: If the underwriting is data-driven (earnings history, telematics, repayments automation), this could be a model for MSME credit. Watch adoption rates, default performance, and whether other banks replicate it across other states.

    Source: The Punch — December 17, 2025 (https://punchng.com/drivers-benefit-from-ubas-100m-lagos-vehicle-scheme/)