Chief Executive Officer, ChamsAccess, Olayemi Odufeso, has said the decision of the technology company to introduce MarketRide, a digital commerce and delivery platform, stemmed from the need to address the rising transport costs, putting fresh pressures on businesses, dependent on frequent deliveries, and to save consumers additional service charges.
Odufeso stated that the platform, which brings consumers, merchants and riders into one ecosystem, combines MarketRide User for consumers, MarketRide Merchant for businesses and MarketRide Go for logistics, thereby reducing unnecessary mileage and fuel consumption, while giving riders opportunities to earn more from each trip.
Quoting the National Bureau of Statistics (NBS), the ChamsAccess boss argued that the country’s rising transport costs are putting fresh pressure on businesses that depend on frequent deliveries, thus forcing merchants to look beyond traditional delivery models for ways to control fulfillment costs.
According to the NBS, he added, the average fare for bus journeys within Nigerian cities rose to N1,431.25 in May 2026, up by 38.63% from N1,032.46 a year earlier, while the average Okada (commercial motorcycle riders) fares rose even faster, increasing 52.45 percent year-on-year to N1,072.51.
The increases, Odufeso noted, add another cost to an already challenging operating environment for small businesses, particularly online merchants who fulfill orders one delivery at a time.
‘We built MarketRide to close the gap between ambitious entrepreneurs and consumers ready to embrace digital commerce. This is not just for Lagos, but for every urban centre, where inefficient logistics is holding back economic growth,’ he added.