Sanwo-Olu strikes agreement with CIG Motors to acquire 5,000 vehicles for LAGRIDE

By Kazeem Ugbodaga

Lagos State Governor, Babajide Sanwo-Olu on Monday 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 for LAGRIDE.

Sanwo-Olu said in the coming weeks, his administration is expected to take delivery of 2,000 units of the new vehicles in the 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.

“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,” he said.

Sanwo-Olu said the vehicles would be tailor-made for the state’s terrain to operate on low carbon emissions, improved technological interaction, and energy transition.

According to Sanwo-Olu, this partnership is not only about e-hailing taxi services, it would also kick-off carpooling services, chauffeur services, and tech-driven logistics services.

“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.

“We are interested in seeing Lagos live up to its potential as a city operating an international standard, environmentally sustainable, and smart mobility system deserving of its status,” he said.