NewStats: 3,265,351 , 8,186,473 topics. Date: Saturday, 14 June 2025 at 03:12 PM 14534h

Lagos State Governor, Mr. Babajide Sanwo-Olu, has unveiled a new e-hailing taxi scheme to redefine road transportation in the State. The Governor, on Thursday, signed a partnership agreement with CIG Motors Company Limited for the take-off of the “Lagos Ride” scheme with a pilot fleet of 1,000 units of brand new Sport Utility Vehicles (SUVs).

Also at the ceremony held at the State House in Marina, Sanwo-Olu formally sealed a t Venture Agreement with the automobile company for the establishment of a Vehicle Assembly Plant in the State. In the next 24 months, Lagos will have a tly-run factory for the production of different classes of brand new cars.

The establishment of the Vehicle Assembly Plant in Lagos was part of the bilateral agreements reached by the State Government and Chinese Investors’ Community when the Governor visited the Asian country in November 2019.

IBILE Holdings Limited, a State-owned corporation, will be driving the two investment agreements on behalf of the Lagos State Government.

Sanwo-Olu said the new ride-hailing taxi was a social intervention programme initiated with an objective to create jobs and economic opportunities for residents of the State.
He said the “Lagos Ride” scheme was in fulfilment of his istration’s desire to give residents a better choice in road transportation by offering a safe, efficient and modern cab model in line with the policy thrust of his Government’s T.H.E.M.E.S agenda.

The Governor said the taxi scheme, which is expected to fully take-off in the next 6 months, had been structured along with a profitability model and designed to be self-sustaining for expansion and growth.

He said: “I am elated to unveil the Lagos State Taxi Scheme, which is another innovative policy of this istration targeted at making life easier for Lagosians, improving mobility and creating a seamless multi-modal transportation system.

The scheme, which is to be known as “Lagos Ride”, is in fulfilment of our desire to give Lagos residents better transportation choices. The modern ride-hailing service is one of the State Government’s socio-economic intervention programmes, which will be professionally managed in line with global best practices

“Our social intervention programmes are tailored towards the eradication of poverty, provision of jobs and other employment opportunities as well as the provision of basic necessities, that make good governance our people’s reality. A major attribute of a modern megacity is a world-class transportation system with inter-connected services and mobility choices for the citizens.

The task of bequeathing a safe, efficient, quick, and modern public transportation system is a key thrust of our istration’s development agenda. We are guided by the need for an equitable transportation system with mobility choices for our people.”

Under the taxi scheme, Sanwo-Olu said the Cooperative Society in the Ministry of Wealth Creation and Employment would give operators brand new SUVs for a period of four years, during which they would pay a monthly instalment. At the end of the credit tenure, the operators will have the opportunity to fully own the cars.

The Governor said the scheme would offer operators a flexible repayment plan and affordable savings for vehicles’ maintenance.

Sanwo-Olu said the establishment of the Vehicle Assembly Plant was in furtherance of his istration’s economic growth blueprint, stressing that the t Venture Agreement would revive industrialisation, drive up skilled youth employment and create wealth, boost tourism, and encourage technology sharing, adaptation, and advancement.

He said: “As we formally sign the t Venture Agreement for the establishment of Motor Assembly Plant, Lagosians should expect a roll-out of vehicles from this plant within the next 18 months. I urge other stakeholders and private investors to collaborate with us to sustain the scheme. We have the political and istrative will to ensure the business survives in Lagos.”

Commissioner for Transportation, Dr. Frederic Oladehinde, said the e-hailing taxi scheme was initiated, following the approval of IBILE Holding Limited’s proposal in the August 31, 2020 State’s Executive Council meeting.

He said the Assembly Plant and the taxi scheme would boost socio-economic activities and the development of ancillary enterprises in the transportation sector.
Chairman of CIG Motors Company Limited, Diana Chen, pledged the full commitment of the automobile firm to the agreement.

Ms Chen, who is also the Vice-Chairman of China-Africa Business Council (CABC), disclosed that the automobile firm would sponsor 50 students for a two-year engineering training in a vocational school in China to strengthen its partnership with the Lagos Government.

She said: “My teams are ready to work with 100 percent effort to build GAC MOTORS in Nigeria in the highest level of a brand. This international t Venture Project will soon bloom up in the Chinese business communities both in Nigeria and China. I assure you that, we will use this partnership as the best example to introduce and promote a Greater Lagos where greater opportunities abound.”

The highpoint of the event was the g of the partnership agreements by the Managing Director of IBILE Holding Limited, Mr. Abiodun Amokomowo, and the Vice Chairman of CIG Motors Company Limited, Mr. Linus Idahosa in the presence of the Governor, Deputy Governor, Dr. Obafemi Hamzat, and Lagos Attorney General, Mr. Moyosore Onigbanjo, SAN.

https://brandspurng.com/2021/03/05/lagos-ride-lagos-state-unveils-ride-hailing-taxi-scheme/

should the state have business in running e-hailing taxi business?

Is this not a misplaced priority?

I doubt it would be effective. political, Ulterior motives and poorly planned decisions without foresight.


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On which road, when everywhere is jam packed. Instead of focusing on producing better transport system like cable car and metro system to beat traffic. Ontop this small Lagos, them won put taxi for road. One day everybody go dey use bicycle go work.

just2endowed:
should the state have business in running e-hailing taxi business?

Is this not a misplaced priority?

The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. And the next Mark Zuckerberg won’t create a social network. If you are copying these guys, you aren’t learning from them.


Of course, it’s easier to copy a model than to make something new. Doing what we already know how to do takes the world from 1 to n, adding more of something familiar. But every time we create something new, we go from 0 to 1. The act of creation is singular, as is the moment of creation, and the result is something fresh and strange.


This is a statement from Peter thiel, why do we keep copying things, we should be unique. think outside the box. Abuja has Nairaxi, Lagos has this one, Uber,Taxify, Bolt, Carxie. ...
Jekalo. ...
Rideme. ...
Ride on. ...
Ola Cab.
Parkwest Cab

Me too business destroys society and profit

Tinubu
Tinubu
Tinubu

Is this why you have been tackling uber, opay etc hmm

You can't take this money to heaven o

You will still give to God,.. Lets all

Bring it on

[img]https://media./images/eaded1e027943854c55d46eb9fc1acad/tenor.gif[/img]

Na wa for govt ooo. Na every area wey the masses and the poor wan use chop na him govt go want to collect from them. God dey oo and God una wella.

This will worsen the traffic situation in Lagos State. Who are the advisers for this project na?

And how economical are new SUVs for transport service?

Uber and bolt to be banned very soon in lagos

If you’re interested in something, you will do what is convenient. If you’re committed to something, you will do whatever it takes.

Handpicked governor by drug baron
Rulling over 22million people

lalasticlala please remove that false declaration on my profile.

agbarisocket:
SUNDAY IGBOHO..his well fortified YORUBA man..DSS. soldiers tried to arrested him but he chased them off...but why DSS arrested Nnamdi KANU like GOAT.....dump him inside cell for several years..they even went ahead and destroyed his family housek.and the bastard ran out like a rat to other countries.just The way AGBARI OJUKWU did...he also ran to exile dressing like a woman.now NNAMDI KANU can not even attend his father burial..but SUNDAY IGBOHO his moving like a KING.so YAMMRIN should also unite as one.they should not let SOLDIERS lie them inside POTORPOTOR like PIG again.... thanks........

Oga to slap you dey hungry me

Ride sharing will work, ride hailing market is already saturated but wetin concern me

Suddenly makes sense why they tried so hard to frustrate other private cab hailing firms with outrageous taxes and levies.

How can a state operate an e_hailing taxi operation, where is the fair competition in that with all the obstacles placed on private operations.

A state where mass transit system is more expensive than private commercial buses....and yet some people will come here and be shouting like mad dogs that Lagos is a country.

It's a nice thing

Ok o...a ploy to phase out the yellow buses...

What a shithole country, why would you compete with taxpayers already in the e-hailing business

just2endowed:
should the state have business in running e-hailing taxi business?

Is this not a misplaced priority?

You dey mind them, that's why they killed Opay. The thing is this very one will be run such that they will have the highest shares and make more profit from it.

[s]

agbarisocket:
SUNDAY IGBOHO..his well fortified YORUBA man..DSS. soldiers tried to arrested him but he chased them off...but why DSS arrested Nnamdi KANU like GOAT.....dump him inside cell for several years..they even went ahead and destroyed his family housek.and the bastard ran out like a rat to other countries.just The way AGBARI OJUKWU did...he also ran to exile dressing like a woman.now NNAMDI KANU can not even attend his father burial..but SUNDAY IGBOHO his moving like a KING.so YAMMRIN should also unite as one.they should not let SOLDIERS lie them inside POTORPOTOR like PIG again.... thanks........

[/s]



get a life