Sanwo-Olu Signs New LAGRIDE Partnership With CIG Motors For Acquisition Of 5,000 Vehicles

Governor Sanwo-Olu signs New partnership with CIG Motors for acquisition of 5,000 new vehicles for LAGRIDE.

Sanwo-Olu said 2,000 new vehicles will be delivered in the coming weeks, while the rest will be delivered in tranches.

New LAGRIDE fleet will have 1,000 electric vehicles, demonstrating LASG commitment to reducing our dependence on fossil fuels.

LAGRIDE initiative was launched in 2022 with 1,000 brand new cars, mini SUVs to give commuters better transportation options.

Lagos State Governor, Mr Babajide Sanwo-Olu on Monday July 15th 2024 supervised the signing of a Joint Venture partnership between IBILE Holdings Limited and CIG Motors Company Limited for the acquisition of 5,000 brand new vehicles.

The new partnership will see CIG Motors Company Limited deliver 2,000 brand new vehicles in the coming weeks in first phase while the rest will be delivered in tranches.

“Our new fleet will have 1,000 electric vehicles, demonstrating a commitment to reducing our dependence on fossil fuels and pruning the carbon footprint,” Sanwo-Olu said in a statement on his official X page.

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Governor Sanwo-Olu also explained that this partnership with CIG Motors is not only about e-hailing taxi services, it will also kick off carpooling services, chauffeur services, and tech-driven logistics services.

“We launched our first LAGRIDE initiative in 2022 with 1,000 brand new cars and mini SUVs, giving commuters better transportation options and riding convenience.

“The vehicles will be tailor-made for our terrain to operate on low carbon emissions, improved technological interaction, and energy transition.

“Our relationship with CIG has been mutually beneficial, and we urge other private players in the transportation sector to key into the market and initiate schemes that would enhance mobility in the State.”

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