ADVERTISEMENT
TechEconomy
Tuesday, June 3, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Moove Introduces Fuel Subsidy for Users via N500m Moove Cares Programme

Moove Introduces Fuel Subsidy for Users via N500m Moove Cares Programme

...Moove unveils ‘N500m Moove Cares Program’ for all customers in Nigeria in response to escalating prices

Techeconomy by Techeconomy
March 18, 2024
in Mobility
0
Moove Cares
Moove Cares

Moove Cares

RelatedPosts

Glovo launches in Port Harcourt

Glovo Drives N71 Billion Revenue Surge for Nigerian SMEs

May 30, 2025

Ebonyi Launches EBOCAB e-Hailing Taxi Service

May 28, 2025

Moove, the world’s first mobility fintech platform, has launched its ‘Moove Cares’ program, introducing a substantial support package aimed at mitigating the adverse effects of ongoing inflationary prices in Nigeria.

Recognizing the challenges posed by rising fuel prices for its customers managing their businesses and the additional burden of inflationary food prices on household budgets, Moove is providing support both at work and at home.

This program includes fuel subsidies to assist with business operations and a comprehensive care package to support households during these difficult times.

This program underscores Moove’s dedication to ensuring its positive impact on the lives of its customers, especially against the backdrop of Nigeria’s challenging and chronic economic landscape.

Nigeria, Africa’s largest economy, is grappling with an acute cost of living crisis and food prices, exacerbated by a confluence of factors including severe inflation, currency fluctuations, and logistical disruptions.

This crisis has pushed essential food items beyond the reach of many, with the Nigeria Bureau of Statistics reporting a staggering 35.41% food inflation rate in January 2024 alone.

In the wake of the removal of the fuel subsidy in May, fuel prices in Nigeria have soared to an all-time high, reaching N610 per litre, marking a significant increase from the previously subsidized price of N264 per litre in March 2023.

This sharp increase of fuel costs by 131% has had a ripple effect across various sectors, notably leading to increased transportation fares and a substantial hike in food prices and other essential goods.

Recognizing the situation’s urgency, Moove has committed to distributing free-of-charge ‘Moove Cares’ packages worth over N150,000 to each of its customers.

Starting next week, the program aims to mitigate the impact of high fuel prices and escalating food prices, particularly during the critical periods of Easter and Ramadan celebrations.

‘Moove Cares’ is a testament to Moove’s proactive approach towards corporate social responsibility and customer focused support in these challenging times for the country.

Taiwo Ajibola, Moove’s regional managing director for Nigeria, elaborated on the program objectives;

“As a listening organisation, we understand from our customers’ feedback the pressing need for support amidst the ongoing cost of living crisis affecting both fuel and food prices. Our Moove Cares program is our small way of providing much-needed support to our customers amidst this extremely challenging economic  environment.”

Since its inception in 2020, Moove has been at the forefront of democratizing access to financial services for mobility entrepreneurs. With a presence in 9 markets globally, Moove’s innovative platform has facilitated over 30 million trips, significantly impacting the lives of 80,000 of its customers and their dependents.

As Nigeria navigates through these turbulent economic times, the ‘Moove Cares’ campaign stands as a vital lifeline for Moove’s customers, further solidifying the Company’s position as a socially responsible leader in the mobility fintech sector.

Through this comprehensive support package, Moove reaffirms its dedication to fostering a resilient and thriving community, capable of overcoming the current economic challenges.

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: MooveMoove CaresTaiwo Ajibola
Previous Post

Q&A with Sylvia Brune CEO of pawaPass on Bridging the Trust Gap for African Businesses

Next Post

Zone Raises $8.5m in Seed Funding to Scale its Decentralized Payment Infrastructure

Techeconomy

Techeconomy

Related Posts

Glovo launches in Port Harcourt
Mobility

Glovo Drives N71 Billion Revenue Surge for Nigerian SMEs

by Latifat Fashina
May 30, 2025
0

On-demand food delivery platform, Glovo, has generated N71 billion in revenue for Nigerian businesses. This was disclosed by Lamide Akinola,...

Read more
EBOCAb LAUNCH IN EBONYI STATE

Ebonyi Launches EBOCAB e-Hailing Taxi Service

May 28, 2025
Uber Freight Launches AI Tools to Tackle Supply Chain Challenges

Uber Freight Launches AI Tools to Tackle Supply Chain Challenges

May 21, 2025
Bolt for Corporate and SME

BOLT: Survey Reveals Commuting’s Deep Impact on Daily Life, Mental Health

May 20, 2025
Parket solving parking challenges in South Africa

From Cape Town Startup to Industry Disruptor: How Parket is Rewriting the Rules of Parking

May 20, 2025
Innoson Motors Unveils Nigeria’s First Locally Made Electric Vehicle

Chinese Investors Eye Nigeria’s Electric Vehicle Space

May 19, 2025
Next Post
Zone Leadership

Zone Raises $8.5m in Seed Funding to Scale its Decentralized Payment Infrastructure

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.