Did You Know the N2 Million ‘KOROPE’ Mini Bus Can Make You More Rich? Here’s How

If you are an entrepreneur in Nigeria looking for other sources of income, you might want to consider leasing out commercial vehicles for public transportation. 

While it has its consequences, it’s undeniable that public transportation is one of the fastest ways of making “quick money” in Nigeria, especially at this time when there’s fuel scarcity, with lots of people leaving their cars at home to go to work. Various vehicles can be used for public transportation in Nigeria.

From Keke to the Toyota HiAce buses, to Toyota Siennas, and then, there’s the minibuses, popularly referred to as ‘Korope’ in Nigeria.‘Korope’ is slowly becoming the main form of many short-distance commutes in many Nigerian cities and urban areas. In this article, we will be sharing with you why you should consider getting this N2 million Korope and how it will make you even more money.

History of the ‘Korope’ Buses in Nigeria

The idea of this 5-seater minibus came to Suzuki at the start of Nigeria’s independence in 1960. As a result, this vehicle which is a 10th-generation model was birth to accommodate more passengers while consuming less fuel. These mini-buses go through a lot just to get to Nigeria.

When these buses are shipped from Asia, they are cut into small pieces just to make sure a lot can fit into a container. The moment they get to Nigeria, they are put back together and repainted. With a close look, you’ll see some dissections and welding in the vehicles.

This is not a good thing for these vehicles because it reduces the strength of the cars, making the vehicles not as strong as they were originally meant to be because some dealers decided to maximize profit. Interestingly, these buses arrive in Nigeria with 5 seats. But, some Nigerian entrepreneurs removed the two-seater and replaced it with a three-seater bench, turning the bus into a seven-passenger carrier.

Why You Should Buy the N2 Million ‘Korope’ in Nigeria

The first misconception anyone has of these buses, at first sight, is if they can fit in. Surprisingly, these buses come equipped with enough head and legroom, making them convenient for the seven passengers. However, the Korope is recommended for short journeys despite its cabin space, because of the weakness of the vehicle’s engines, and their inability to withstand long-distance travels.

This is exactly why we see the number of these buses growing in proportion (for intra-state transport) in many cities in Nigeria. Regardless of its weakness, the ‘Korope’ buses are believed to be stronger than Keke tricycles, as such, many entrepreneurs believe investing in these buses comes with better returns than what’s obtainable from Keke.

Here’s How You Make Money From ‘Korope’ Buses

The full tank of these buses is roughly 37 liters which is approximately N26,000. With a fuel consumption of 15km/litre, it means you’ll be driving 555km with a full tank. With the current fuel prices, the average driver uses about 4km/trip to commute with a current rate of N200 per passenger, which means you have 2,400 per complete trip.

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With a full tank, you’ll be making about 70 trips which is about N196,000. The average driver takes about 20 trips per day and will consume a full tank in three days.

Conclusion

Driving Korope buses for commercial purposes is a very profitable business in Nigeria, and this is why the price of the buses keeps going up. The price of the foreign-used Korope right now is N2 million, while the Nigerian-used model is about N1.6 million.