‘Fleet mgt firms rake in N1.7bn yearly’

The management of Rosabon Financial Services has said that fleet management and other corporate lease solutions made on average return of about N1.7 billion annually from companies in the country.

Head, Communication, Kehinde Ruth Onasoga, in a statement, said: “Recent statistics have shown that companies in Nigeria, on the average, spend at least N1.7 billion annually on fleet management and other corporate lease solutions just to be able to address their logistical challenges.

“Even at that, combining daily business activities with fleet management operations is becoming an increasingly difficult task for organisations to accomplish these days.

From driver monitoring, legal regulations and safety issues to driver and vehicle management, fleet management is quite a strenuous job on its own and when combined with an organisation’s core business, it becomes overwhelming and may amount to a waste of time and resources, slow down production process and ultimately a dwindle in the organization’s profit margin,” she said.

Onasoga noted however, that some organisations are devising smarter ways to address these challenges by seeking competent partners to take care of their fleet management details so they can focus on their core business operations.

According to her, such partnership saves orgnaisations stress, reduce cost, improve productivity and maximize efficiency, leading to organizational growth and improve bottom line.

She said : “Rosabon Financial Services bridges these logistics gap by offering top notch and affordable operating lease and fleet management services dedicated solely to ensuring adequate organization of partner company’s fleet.

“This relieves you of daily administrative headaches and costs, whilst leaving you with enough funds to reinvest into your company and grow your core business.”

Besides,she said: “For over 23 years, Rosabon has successfully worked with reputable organizations like Huawei, Exxon Mobil, Ericsson, Transocean Sedco Forex, Oando Plc, Samsung Electronics West Africa, Nigerian-German Chemicals Plc in this regard by leveraging current systems and infrastructure to manage their fleet day-in and day-out.

She explained that Rosabon takes care of all acquisition and maintenance processes and expenses, including drivers, paperwork, record keeping, fuel management, license renewals, trackers, insurance, etc.; “getting the whole fleet for your business use, while your organization pays an affordable amount monthly.”

She added that the most interesting part of this partnership is, “Rosabon Financial Services, in addition, assumes all residual risks that come with running your fleet.

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