Lagos To Produce Brand New Cars As Sanwo-Olu Unveils New E-Hailing Taxi Scheme

Lagos State Governor, Babajide Sanwo-Olu, on Thursday unveiled a new e-hailing taxi scheme to redefine road transportation in the State.

Sanwo-Olu also signed a partnership agreement with CIG Motors Company Limited for the start of “Lagos Ride” scheme with pilot fleet of 1,000 units of brand new Sport Utility Vehicles (SUVs).

At the ceremony held at the State House in Marina, Sanwo-Olu officially sealed a Joint Venture Agreement with the automobile company for the creation of Vehicle Assembly Plant in the state.

In a report by Ekohotblog, according to the Governor, Lagos will in the next 24 months have a jointly-run factory for the production of different classes of brand new cars.

The creation 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.

While speaking, 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.

The governor stated that the “Lagos Ride” scheme was in fulfilment of his administration’s desire to give residents a better choice in road transportation by offering a safe, efficient and modern cab model in line with policy thrust of his Government’s T.H.E.M.E.S agenda.

Sanwo-Olu went further to reveal that the taxi scheme, which is expected to fully start in the next 6 months, had been structured along 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 administration 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.

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“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 administration’s development agenda. We are guided by the need for an equitable transportation system with mobility choices for our people,” Governor Sanwo-Olu said.