Babajide Olusola Sanwo-Olu


•‘Initiative optimises technology for safety, offers alternative for comfort’ - Gov


•Ride-hailing drivers embrace scheme, say all skepticism addressed


A safe, comfortable and modernised taxi scheme has taken off in Lagos State, with the rollout of the first batch of 1,000 brand-new GAC-branded automobiles by Governor Babajide Sanwo-Olu, on Wednesday.


The scheme, codenamed “LAGOS RIDE”, was launched at a well-attended ceremony held at the State House in Alausa.


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, with the objective to provide clean and reliable means of taxis movement across the metropolis at affordable cost, using brand-new vehicles.


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. Each car being used in the scheme comes with technology-enabled security features that monitor every journey undertaken.


Sanwo-Olu, while launching the scheme, said the State had moved another step forward in its drive to develop an efficient transportation model in tune with modernity and comfort.


The Governor said the aim was not to run existing hailing ride operators out of the business, but to offer safer alternative and clear the roads of rickety cars being used for taxi business. The scheme, he said, will provide opportunities to the operators to become owners of the vehicles within three to four years period.


He said: “The need to provide better, dignifying and more rewarding means of transportation and 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. 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.