REDEFINING LAGOS TRANSPORTATION THROUGH LAGOS RIDE : SANWO-OLU UNVEILS NEW E-HAILING TAXI INITIATIVE - AfrobadooTV
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REDEFINING LAGOS TRANSPORTATION THROUGH LAGOS RIDE : SANWO-OLU UNVEILS NEW E-HAILING TAXI INITIATIVE

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Lagos State Governor, Babajide Sanwo-Olu, has unveiled a new e-hailing taxi scheme to redefine road transportation in the State.

The Governor, on Thursday, signed partnership agreement with CIG Motors Company Limited for the take-off of “Lagos Ride” scheme with pilot fleet of 1,000 units of brand new Sport Utility Vehicles (SUVs).

Also at the ceremony held at the State House in Marina, Sanwo-Olu formally sealed a Joint Venture Agreement with the automobile company for the establishment of Vehicle Assembly Plant in the State. In the next 24 months, Lagos will have a jointly-run factory for the production of different classes of brand new cars.

Establishment of the Vehicle Assembly Plant in Lagos was part of the bilateral agreements reached by the State Government and Chinese Investors’ Community when the Governor visited the Asiancountry in November, 2019.

IBILE Holdings Limited, a State-owned corporation, will be driving the two investment agreements on behalf of the Lagos State Government.

Sanwo-Olu said the new ride-hailing taxi was a social intervention programme initiated with an objective to create jobs and economic opportunities for residents of the State. He said the “Lagos Ride” scheme was in fulfilment of his administration’s desire to give residents a better choice in road transportation by offering a safe, efficient and modern cab model in line with policy thrust of his Government’s T.H.E.M.E.S agenda.

The Governor said the taxi scheme, which is expected to fully take-off in the next 6 months, had been structured along a profitability model and designed to be self-sustaining for expansion and growth.

He said: “I am elated to unveil the Lagos State Taxi Scheme, which is another innovative policy of this administration targeted at making life easier for Lagosians, improving mobility and creating a seamless multi-modal transportation system. The scheme, which is to be known as “Lagos Ride”, is in fulfilment of our desire to give Lagos residents better transportation choices. The modern ride-hailing service is one of the State Government’s socio-economic intervention programmes, which will be professionally managed in line with global best practices

“Our social intervention programmes are tailored towards the eradication of poverty, provision of jobsand other employment opportunities as well as the provision of basic necessities, that make good governance our people’s reality. A major attribute of a modern megacity is a world-class transportation system with inter-connected services and mobility choices for the citizens. The task of bequeathing a safe, efficient, quick, and modern public transportation system is a key thrust of our administration’s development agenda. We are guided by the need for an equitable transportation system with mobility choices for our people.”

Under the taxi scheme, Sanwo-Olu said the Cooperative Society in the Ministry of Wealth Creation and Employment would give operators brand new SUVs for a period of four years, during which they would pay a monthly installment. At the end of the credit tenure, the operators will have the opportunity to fully own the cars.

The Governor said the scheme would offer operators flexible repayment plan and affordable savings for vehicles’ maintenance.

Sanwo-Olu said the establishment of the Vehicle Assembly Plant was in furtherance of his administration’s economic growth blueprint, stressing that the Joint Venture Agreement would revive industrialisation, drive up skilled youth employment and create wealth, boost tourism, and encourage technology sharing, adaptation, and advancement.

He said: “As we formally sign the Joint Venture Agreement for the establishment of Motor Assembly Plant, Lagosians should expect a roll-out of vehicles from this plant within the next 18 months. I urge other stakeholders and private investors to collaborate with us to sustain the scheme. We have the political and administrative will to ensure business survives in Lagos.”

Commissioner for Transportation, Dr. Frederic Oladehinde, said the e-hailing taxi scheme was initiated, following the approval of IBILE Holding Limited’s proposal in the August 31, 2020 State’s Executive Council meeting.

He said the Assembly Plant and the taxi scheme would boost socio-economic activities and support the development of ancillary enterprises in transportation sector.

Chairman of CIG Motors Company Limited, Diana Chen, pledged the full commitment of the automobile firm to the agreement.

Ms Chen, who is also the Vice Chairman of China-Africa Business Council (CABC), disclosed that the automobile firm would sponsor 50 students for a two-year engineering training in a vocational school in China to strengthen its partnership with the Lagos Government.

She said: “My teams are ready to work with 100 percent effort to build GAC MOTORS in Nigeria in the highest level of a brand. This international Joint Venture Project will soon bloom up in the Chinese business communities both in Nigeria and China. I assure you that, we will use this partnership as a best example to introduce and promote a Greater Lagos where greater opportunities abound.”

The highpoint of the event was the signing of the partnership agreements by the Managing Director of IBILE Holding Limited, Mr. Abiodun Amokomowo, and the Vice Chairman of CIG Motors Company Limited, Mr. Linus Idahosa in the presence of the Governor, Deputy Governor, Dr. Obafemi Hamzat, and Lagos Attorney General, Mr. Moyosore Onigbanjo.

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Politics

2022: International Youth day:APC National Women Leader felicitates with Youths across the globe

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The National Women Leader of the All Progressives Congress (APC) Dr Betta Edu celebrates with the youths across the globe on the occasion of the International youth day with a theme *Intergenerational solidarity: Creating a world for all ages*

Dr. Betta in a correspondence released by her Special Adviser on political matters, Seun Bosede Osamaye, noted the importance of Youth Day as an awareness day designated by the United Nations to draw attention to a given set of cultural and legal issues surrounding the Youths.

Speaking as a mother in her goodwill message, the ebullient National Women Leader of the All Progressives Congress Dr. Betta Edu appealed to the Nigerian Youths to continue to be law abiding, to shun social vices, and to embrace peace as they join their counterparts all over the world to observe the *2022 International Youth Day*.

Noting that the United Nations has made a day like this very important to provide an opportunity for youths to reflect on their voices, actions, and initiatives, Dr. Betta beckons on the Nigerian Government to make it a norm in celebrating this day for the youth by raising awareness and educating people about the importance of youth in the society because the *Youths* are the pillars and future of every country.

Speaking further, Dr. Betta stressed the utmost importance of promoting youth participation especially in politics so that they can help to create a better future. She wish all Youths across the globe a successful outing and a Happy International 2022 Youth Day!

#BettaforBetterNigeria
#APCNationalwomenwing

*Comr. Victoria Uko*
SA Media to NWL

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News

LASG DISBANDS M.O.T ENFORCEMENT TEAM

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The Lagos Ministry of Transportation has placed an indefinite ban on the operations of its enforcement team tagged M.O.T Taskforce.

The Special Adviser to the Governor on Transportation, Mr. Sola Giwa, stated that the decision was reached after a thorough appraisal and review of the enforcement teams operating under the Ministry of Transportation.

Giwa explained that the ban is part of measures initiated to streamline transport enforcement activities in Lagos State to achieve the required effectiveness in line with global best practices, warning that the ban is not an excuse for drivers to disobey the traffic laws of the State.

The Special Adviser averred that Traffic Management and Transportation is a cardinal pillar in the T.H.E.M.E.S Agenda of the administration of Governor Babajide Sanwo-Olu, stressing that the readjustment of the enforcement strategy was to enhance service delivery to the people of the State.

He, therefore, enjoined the general public to report the activities of any unauthorised enforcement team still operating with the tag M.O.T Taskforce to the Ministry of Transportation for prosecution.

Appealing to Lagosians to cooperate with the State Government in its effort to improve the traffic situation across the metropolis, the Special Adviser gave an assurance that a lot is ongoing behind the scene to bring the much-desired change in the transport sector.

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Commerce

Bitfinex hold their first community hangout in Nigeria

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Bitfinex is one of the top and oldest trading platforms in the world. It is a trading platform for sophisticated and professional traders. After millions of secured transactions carried out on Bitfinex, communities have emerged from various parts of the world. These communities have expanded to multiple professionals helping each other grow on their crypto journey.
Time out in Bitfinex was created by and for the African community and it was graced with the attendance of two crypto industry leaders, Chuta Chimezie, the founder of Blockchain Nigeria User Group, and Linda I.A Obi founder of Techonomy.
The event began with a welcome and Introduction by Paolo Ardoino, the Chief Technology Officer for Bitfinex. Linda I.A Obi spoke on the inclusion and diversity of female representation in crypto-trading, crypto-trading techniques for beginners and advanced traders and she also shared the pros of trading with Bitfinex.
Chuta gave an insight on trading and blockchain in particular. He spoke about crypto in Africa and the need to position yourself rightly in the space by acquiring as many relevant skills as possible. Members of the community asked the speakers questions and were able to learn and gain a balanced view of the cryptocurrency industry as a whole and its future.
We are really excited that Bitfinex is finally coming to Africa.

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