IS SOFTDROP A GAME-CHANGER IN THE CURRENT NIGERIA'S ECONOMIC CRISIS?
Uber came into Nigeria in 2014, at that time crime rate in Nigeria was very high and statistics shows that people were willing to work, however there were no jobs for most graduates and the less privileged. Gang violence, theft,rituals killings etc were very rampant, but Uber's launch helped the Nigerian economy with more jobs, which in turn helped curb down crime and armed robberies in Nigeria.
10 Years of operating Nigeria has seen Uber have over 7000 drivers and 260,000 riders who actively use the app in Nigeria and currently generates close to N260m Naira monthly and it’s still not the leading rider in Nigeria.
The likes of bolt, ride, lagride and more have boosted employment in Nigeria, however, despite all this taxi rides creating more jobs in the country, today we are back to where we were10years ago with the highest inflation in Nigerian history, which is affecting the youths and every house hold in Nigeria today, hence why the protest has been going on for the past couple of days.
Could softdrop be the key to creating more jobs In the Nigerian economy ? Yes ! How ?
Penetration
Softdrop aims to have double more penetration in more states or rural areas in Nigeria creating employment opportunities for those that don’t have either a car, a bike or a truck, which gives it a wider range of reach. In over a year Softdrop aim to launch in almost all 36states In Nigeria called (intercity ) and in 2 years it would have launched its 2nd cash flow innovation called ( interstate ) with all these in mind, in 2 - 5years soft drop is aiming to create 2- 5m more jobs in Nigeria. Estimated to generate close to 1 - 3billion in a month.
Opportunity
When your mind is weak, everything looks like a problem, when your mind is balanced everything looks like a challenge, when your mind is strong everything looks like an opportunity, only the greatest people who are great at what they do have taken every adversity as an opportunity. This recent instability and inflation has been an adversity in our country, however we at Softdrop are seeing this as an opportunity to become a beacon of hope. The recent protests that swept across the nation highlighted the underlying economic frustrations faced by many Nigerians. A significant portion of the population, particularly the youth, are seeking alternative means of livelihood. The traditional job market, once a reliable source of income, is now saturated, leading to increased unemployment rates. Concurrently, the rising cost of goods and services has eroded purchasing power, making it increasingly difficult for individuals and businesses to survive. These economic hardships have created a fertile ground for entrepreneurship and the adoption of innovative solutions.
• Job Creation:
In a nation grappling with unemployment, Softdrop creates opportunities for individuals to earn a living as delivery partners. This not only provides income but also contributes to economic growth.
• Improved Efficiency:
The platform's focus on optimizing delivery routes and reducing delivery times can enhance supply chain efficiency, leading to lower costs for businesses and consumers alike.
• Financial Inclusion:
Softdrop's integrated escrow wallet has the potential to expand financial inclusion by providing access to digital payments and financial services for a wider population.
• Resilience:
By empowering individuals to become entrepreneurs, Softdrop fosters a more resilient economy capable of weathering economic storms. With Softdrop, earning a decent living is guaranteed. Ordinary folks can earn over 400k extra while still doing their normal jobs. Softdrop is the perfect side hustle that pays you even more than your 9-6 job.
