It offers the ability to control, manage, and pay for all business-related work trips, all from a single account. The feature was launched to support the efficiency of SMEs, large private businesses, and other corporate offices in Nigeria.īolt Business is a solution-based offering that allows the management of all travel-related processes and logistics for an organisation, all from a single hub. To counter these transportation challenges for businesses and support Nigerian organisations as they service their customers, Bolt expanded its service offerings in 2019 to include the Bolt Business features. This reallocation can impact employee satisfaction, and in the long run, as well as service delivery to customers. Their overhead expenses are growing in an already shrinking economy, which has caused many businesses to reallocate necessary transportation and logistics funds to other departments. Local businesses struggle to stay afloat due to obvious barriers to mobility such as high petrol costs and rising transportation fees. The inefficiencies in Nigeria’s transportation infrastructure have stalled the necessary growth of the commerce sector and the economy, impacting the country’s attractiveness for foreign direct investments. Efficient transportation is highly important for business decision-making and access to everything for economic success. With inadequate or inefficient transportation systems, a society cannot function optimally as simple but necessary tasks such as journeying to work, school, meetings, appointments, business transactions, travelling, and even providing social services will be impeded. Transportation allows for the movement of people, goods, services, and other materials from one place to another. It serves as a valuable gauge to analyze capacity for growth, as well as plays an important role in our daily lives as human beings. The efficiency of transportation is an essential factor in ensuring the growth and development of any economy or business.
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