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“Earlier today (Wednesday), I launched a safe, comfortable and modernised taxi scheme in Lagos State, with a rollout of the first batch of 1,000 brand-new GAC-branded vehicles under the LAGRIDE scheme. The scheme will be operated on a lease-to-own basis, as a component of our multimodal transportation blueprint. The need to provide a dignifying and more rewarding means of livelihood for unemployed and underemployed population gave birth to the new ‘Lagos State Taxi Scheme’, which will be operated on a lease-to-own basis,” Lagos State governor, Mr. Babajide Olusola Sanwo-Olu, said on Wednesday, March 23, 2022, while inaugurating the much-anticipated ride hailing taxi scheme of the state.Speaking further, Sanwo-Olu said: “Under this arrangement, a beneficiary will be provided a brand-new car which will become the driver’s property after completion of the payment of the vehicle’s subsidised cost. What we are witnessing today is that, Lagos is moving away from the era of rickety cab to brand-new, comfortable and safe transport system. The multiplier effect of this singular initiative on job creation, youth employment and economic growth and development in the State cannot be overstated.”
The rollout of the first batch of 1,000 brand-new GAC-branded automobiles, under the LAGOS RIDE scheme, held at a well-attended ceremony held at the Lagos State House in Alausa, Ikeja.
The ride hailing taxi initiative, which is being operated on a lease-to-own basis, is a component of the State Government’s multimodal transportation blueprint being executed under the Traffic Management and Transportation pillar of the THEMES agenda of the Sanwo-Olu administration.
The initiative is a partnership between Lagos State-owned IBILE Holding Limited and CIG Motors Company Limited, authorised distributors of the GAC vehicles in Nigeria, with the objective to provide clean and reliable means of taxis movement across the metropolis at affordable cost, using brand-new vehicles.
