The Lagos State Government has launched a new taxi scheme with 1,000 brand-new GAC-branded cars, IgbereTV reports
The scheme, codenamed ‘Lag Ride’, was launched at a ceremony held at the State House in Alausa on Wednesday.
According to a statement signed by the Chief Press Secretary to the Lagos Government, Gboyega Akosile, 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
