Lagos government unveiled the new e-hailing taxi service ‘Lagos Ride’ featuring a fleet of 1000 units of Sport Utility Vehicles (SUVs). State corporation IBILE Holdings Limited will run the two entities on behalf of the Lagos State Government. The new ride-hailing alternative is expected to give Uber and Bolt stiff competition.
‘Lagos Ride’ is part of a social intervention program aimed at creating jobs and other economic opportunities. “Lagos Ride” is part of the government’s social intervention programme intending to give residents a better choice on the roads in line with the government’s T.H.E.M.E.S agenda.
Lagos State government also signed a Joint Venture agreement with CIG Motors limited to establish an automobile assembly plant. The new assembly plant earmarked for Lagos is part of a bilateral agreement reached between the state government and the Chinese Investors’ Community, initiated when the governor visited China in November 2019.
Babajide Sanwo-Olu, the state Governor described the plant as a furthering of the administration’s plan to bolster economic growth, bolster skilled youth employment, share, adapt and advance technology, boost tourism while creating wealth.