BusinessDay

GIGM eyes Africa expansion with Enterprise Partner Model

GIG Mobility, an indigenous technology powered transport solution which originates from ‘God is good motors’, a popular transport company has commenced plans for massive expansion into other African countries with the launch of its Enterprise Partner Model (EPM), where investors will enjoy profitability leveraging the end to end operations of GIGM as a standard transport company.

The new Enterprise Model Platform will allow individuals and companies interested in playing in the transport industry to purchase vehicles and reap profitable returns without having to own and bear the costs and risks of owning an actual transport company.

According to the company, this model will further spur its expansion plans to include intrastate travel in other African countries, including Ghana which is its next target point.

Explaining the new model, Vuakpor Muoghereh, chief operating officer, GIGM said; An Enterprise Partner (EP) is required to register on the GIGM Platform as a business, with a minimum of three vehicles which could be range from Sienna, Hiace, Sprinter, and Jet Mover.  GIGM has also made it easier for credit worthy individuals to participate in this scheme, by partnering with financial institutions to finance vehicles for eligible EPs with very good interest rates.”

“Through this innovation, our company would be offering investors who are interested in creating more wealth an opportunity to become entrepreneurs in the transportation business while riding on the brand equity provided by GIGM,” she added.

Muoghereh who spoke to journalists pre-launch of the enterprise partner app at the GIGM head office in Lagos said that there is currently a 70%-30% sharing formula for the EP model, where the EP pays 30 percent of his overall revenue to GIGM to cover the cost of platform maintenance, marketing, staffing, technology maintenance and other associated costs.

Launching in approximately two weeks, the Enterprise Partner Model App which is developed in house includes features that allows EPs to seamlessly track vehicle activities, monitor revenue, keep up to date with captain (driver) information and record a history of all trips made.

GIGM has taken a step further to build an Enterprise Resource planning (ERP) solution, strategically targeting industry specific issues. As a platform, one of GIG Mobility’s primary goals is to alleviate bottlenecks associated with traditional transport systems through innovation and technology.

In his presentation on the mobility enterprise, Jude Odum, acting deputy operations manager, GIGM, highlighted the benefits of the EP model to drivers. Under this model, current GIGM drivers, referred to as captains who meet set criteria are eligible to become Owner Captains (OCs).

“This is a huge benefit to captains who can after a short while pay back loans for his vehicle and ultimately own the vehicle and all of the proceeds. Based on our calculations, in just two years, the loan can be repaid,” he said.

With this enterprise mobility model, it will become easier for GIGM to spread its tentacles across Africa, and also make it unnecessary for GIGM as a platform to invest in owning her fleet in the long run. 

 

Jumoke Akiyode-Lawanson

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