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Here Are 12 Things To Know About LAGOS RIDE, As Gov. Sanwo-Olu Launches 1000 ‘Tech-driven’ Taxis

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Twelve (12) things to know about LAGOS RIDE, as Lagos State Governor Babajide Sanwo-Olu launches 1000 ‘Tech-driven’ taxis.

Lagos State Governor Babajide Sanwo-Olu on Wednesday, 23 March 2022, formerly launched 1000 cars for the Lagos Ride Taxi Scheme at the Sports Ground, Lagos House, Ikeja.

During the well-attended ceremony, Sanwo-Olu said that the new GAC-branded taxis were not brought in to replace the existing hailing ride operators, but to offer safer alternative and clear the roads of rickety cars being used for taxi business.





Below are twelve (12) things you should know about Lagos ride hailing scheme, the LAGOS RIDE.

1) The ride hailing taxi initiative, codenamed the “LAGOS RIDE”, is a partnership between Lagos State-owned corporation, IBILE Holdings Limited and CIG Motors Company Limited.

2) It 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.

3) The “LAGOS RIDE” is being operated on a lease-to-own basis. 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.

4) Operators are required to pay about N1.9 million down payment, of which the sum covers the 20 per cent equity of cost of vehicle, registration and insurance.





5) According to LASG, the new Taxis were not brought in to replace the existing hailing ride operators, but to offer safer alternative and clear the roads of rickety cars being used for taxi business.

6) The scheme is aimed to provide clean and reliable means of taxis movement across the metropolis at affordable cost, using brand-new GAC-branded automobiles.

7) Each car being used in the scheme comes with technology-enabled security features, including a 360 dashboard camera, that would give 24-hour audio-visual feeds to the control centre.

8) Each car also comes with a physical panic button that could be used by anyone on board, in case of assault or emergency.

9) As of Tuesday, March 22nd, IBILE Holding said that over 5,700 drivers had downloaded the driver’s mobile apps, out of which 1,786 drivers submitted applications.

10) As part of the registration process, each operator will go through for the safety and security of life and effective operations of the scheme.

11) IBILE will also conduct full verification of applicants’ Lagos State Drivers’ Institute (LASDRI) ID cards, medical history, background check and verification of NIN and Lagos resident registration numbers.

12) An automobile assembly plant being set up in Lagos is another component of the partnership between CIG Motors and the Lagos State government.

It is currently at 60 per cent completion, with anticipated start of operations expected by September this year.





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