The survey carried out discovered that people who’ve skilled job cuts have resorted to discovering alternative routes to generate earnings. One efficient resolution they’ve discovered is to repurpose their private autos. This transition has allowed them to handle a number of points directly.

By reworking their vehicles into cell companies, Nigerians are in a position to offset gas bills and stop their autos from rusting whereas they continue to be idle.

Moreover, the excessive value of renting bodily outlets has made it difficult for aspiring entrepreneurs. In consequence, turning private vehicles into cell shops eliminates the necessity for a bodily area, saving on rental prices and providing a extra versatile enterprise method.

The research additionally found that former company staff are actually utilizing their vehicles to promote quite a lot of merchandise like footwear, garments, and kitchen utensils from the comfort of their autos.

Equally, others have ventured into the ride-hailing trade, utilizing their non-public autos to supply transportation providers.

The analysis concluded that this development isn’t solely restricted to people who’ve misplaced their jobs, but additionally to those that beforehand operated conventional shops and have transitioned to cell companies as a result of skyrocketing rental prices.