Lagos State Governor, Babajide Sanwo-Olu has launched a safe, comfortable and modernised taxi scheme in the State, with a rollout of the first batch of 1,000 brand-new GAC-branded vehicles under the LAGRIDE scheme.
Sanwo who disclosed this on his social media platform on Wednesday, said The scheme will be operated on a lease-to-own basis, as a component of our multimodal transportation blueprint.
According to him, "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.
"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.
The Governor further said, "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", he added.
Meanwhile, 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.
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