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Lagos Unveils Taxi Scheme for Better Commuting

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Lagos Taxi Scheme

By Adedapo Adesanya

The Lagos State Government has signed an agreement for the establishment of a new motor assembly plant to commence full operation in a bid to boost the profile of transportation in the state.

This was disclosed at the commissioning of 1,000 taxi units under a new taxi scheme tagged Lagos Ride aimed to revitalise commuting experience on road transportation across Lagos metropolis.

The new development, which has a projected incubation period of 12 and 18 months for the maturity of the taxi scheme and the motor assembly Plant respectively, is a Public-Private Partnership (PPP) arrangement between CIG Motors Company Ltd and the Ibile Holdings Ltd, an agency of the state government.

Under the scheme, the drivers who will be the operators will be given branded GS3, GAC Sports Utility Vehicles (SUVs) for a period of four years within which it is expected that on a monthly basis, they would have a check-up dues to effect payment in instalment within the stipulated period.

The state government noted that it will increase the capacity of the Taxi scheme from the initial 1,000 to about 5,000 to 7,500 units within a short period of time.

It was also gathered that to unveil a subsequent scheme with larger coverage which will make provision for large capacity intervention for small and mass transit buses.

Speaking at the event, the Governor of the state, Mr Babajide Sanwo-Olu, noted that the project was an innovative policy of his administration in the bid to enhance the state’s vision of developing a multimodal transportation system and to strengthen the state’s economy

According to him, the effort is channelled according to the administration’s hope targeted at “making life a lot easier for Lagosians including mobility and creating a seamless multimodal transport system.”

“Remember again that in our THEMES Agenda, the first pillar is traffic management and transportation and we will continue to advocate and promise an integrated multimodal transportation system,” he said.

Further, he noted that the assembly plant upon completion will be productive in boosting the state’s economy while creating new channels of employment opportunities.

“It is, therefore, even more heartwarming to note that the Lagos State taxi scheme is being decorated along with the signing agreement of the establishment of a vehicle assembling plant in Lagos; a project that we believe will create jobs.

“We believe it will accelerate socio-economic growth and will further put our state on the global map as a centre of excellence and modern megacity that is committed to sustainable development.

“As a people-oriented government, we are constantly on our toes thinking of ways to make Lagos a lot more habitable and create opportunities for our residents and citizens and we are initiating and implementing ideas to make life better for more Lagosians and to achieve our dream of a greater Lagos,” he said.

Stating that his government is committed to making Lagos metropolis a major hub of a megacity status, Governor Sanwo-Olu stressed that having a world-class transportation system is significant according to the envisioning of the THEMES Agenda.

“We are working on the rails, waterways, and we will continue to work on road infrastructure. We are guided by the need for an equitable transportation system with choices for our citizens.

“So, this Taxi Scheme to be known as ‘Lagos Ride’ which is being commissioned today, is in fulfilment of our desire to give Lagosians a transportation choice.

“It is one of the Lagos State socio-economic intervention programme. The modern ride service will be professionally managed in line with the global best practice. The seed for this transaction is that we are doing the first 1,000 taxis which we will be handing over once they all arrive at all of our well-trained drivers.

“It is a social intervention programme that is tailored at ensuring that we can eradicate poverty, provide jobs opportunities for our citizens as well as provide basic necessities that they need to make life a lot more bearable.

“We believe that it is a partnership that would work. We believe that our citizens require this and we believe that the employment that we are creating and generating from this will be second to none.

“So, this scheme is a partnership with CIG motors who are also establishing a motor assembly plant here in Lagos for the production of different classes of vehicles.

“We believe that the establishment of the motor assembly plant is expected to revive industrialisation, increase citizens employment and create wealth for us. It will certainly boost tourism, encourage technology sharing and adaptation, and advancement among our citizens,” he said.

According to him, this will ensure that such vehicle production and taxi system are such that are competitive with the best global standards.

“This is our very modest intervention to recreate the Lagos of our dream and bring it to fruition,” he added.

According to the state’s Commissioner for Transportation, Mr Frederick Oladeinde, the scheme, which is a form of social intervention programme operated by a private entity, will produce benefits that will significantly boost the profile of socio-economic and technological activities in the Lagos metropolis.

In her remark, the Chairman, CIG Motors Company Ltd, Mrs Diana Chen, described the new development as a product of a business tour of China by Governor Sanwo-Olu in 2019.

Assuring full commitment to make the partnership agreement an enviable venture to the benefit of the State, she disclosed that the Group is going to sponsor about 50 students who are interested in engineering training for two years in one of the best vocational school in China.

“This is further to Mr Governor’s trip to China in November 2019 which was a fruitful official business trip where numerous big projects and partnership cooperations were further strengthened and forged.

“Proudly, I can say that today’s ceremony on GAC Motors assembly plant and Lagos Taxi Scheme are amongst Mr Governor’s China Trip output and delivery.

“It is important, to show the commitment towards the creation of the Sister State relationship between Lagos State and Guangdong Province.

“We, the Choice International Group (CIG), as the facilitator, will repay you back with our full commitment and delivery on what we signed today. My teams are ready to work with 100% per cent effort to build GAC Motors in Nigeria at the highest level of a brand.

“This international JV project, I believe will also soon bloom up in the Chinese business communities both in Nigeria and China. I can assure you, we will use it as the best example case to introduce and promote a “Greater Lagos and Greater Opportunities.

“Your excellency, your wise decision to partner with us to set up a world-class Assembly plant, definitely is the right decision and a good investment, for both the government and the consumers in Nigeria. Because our mission is the same: let more Nigerians afford a brand new car with trusted quality and enjoyment of driving,” Mrs Chen said.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Lagos Wants Fewer Cars on Roads to Drive Growth

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economic activities empty lagos road

By Adedapo Adesanya 

The Lagos State Government has reiterated its commitment to creating an eco-friendly state with fewer cars on the roads in the future.

The Lagos State Commissioner for Transportation, Mr Oluwaseun Osiyemi, said this during a presentation at the closing of the fifth Lagos Real Estate Marketplace Conference and Exhibitions in Lagos.

Mr Osiyemi said that the commitment is in line with the T.H.E.M.E.S Agenda of Mr Babajide Sanwo-Olu’s led administration, expressing concerns that traffic congestion costs the state trillions of Naira in budget deficits annually.

The transportation commissioner noted that the heavy reliance on road transportation, which accounts for 90 per cent of travel in Lagos, is unacceptable and unsustainable.

The Commissioner stated that water and rail transportation account for only two per cent of the means of transportation, highlighting their gross underutilisation.

Mr Osiyemi emphasised that every sector in the state must be robust enough to contribute significantly to the wellbeing of its residents, as Lagos accounts for 30 per cent of the nation’s gross domestic product.

He expressed the state’s readiness to maximise the use of intermodal transportation system, to help upscale socio-economic activities in the metropolis and reduce man-hour loss to traffic.

In a panel discussion, the Special Adviser to Governor Sanwo-Olu on Climate Change and Circular Economy, Ms Titilayo Oshodi, emphasised the need for the state and its stakeholders to adopt a purposeful approach to waste management.

Ms Oshodi highlighted the importance of a circular economy in recycling, repurposing and reusing waste effectively.

She noted that several policies were already in place in the state for managing waste, urging producers and manufacturers across various sectors to collaborate with the state government to contribute to carbon reduction efforts.

Other panellists including Ms Stella Okengwu, Chief Executive Officer of Winhomes, said that the current economic situation calls for housing to be built based on clear demand that aligns with people’s budgets while Mr John Oamen, Co-founder of Cutstruct, urged the state government to promote the digitisation of construction procurement.

This, he added, would enhance the efficiency and practices of the construction and real estate sectors.

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Heirs to Introduce Low-Cost Motor Insurance

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Heirs insurance products

By Modupe Gbadeyanka

There are plans by Heirs Insurance to introduce insurance products tailored for vehicle owners, a statement from the underwriting firm has disclosed.

According to the subsidiary of Heirs Holdings, this low-cost motor insurance package known as the Flexi Comprehensive Motor Insurance Plan will provide the benefit of a comprehensive motor insurance plan for a fraction of the cost, addressing the financial realities many Nigerians face.

The underwriting company announced the plan to introduce this package as it launched a new campaign designed to reward its customers.

This initiative themed Unwrapping Smiles will bring hope to individuals, families, and communities this holiday season, and will run from December 10 to December 31, 2024.

It will feature community-focused outreaches, including Christmas gifts and exciting rewards to put smiles on the faces of Nigerians. It will also include the launch of a holiday-watch web film known as The Underwriters for all Nigerians to enjoy.

“At Heirs Insurance Group, we are committed to providing much more than insurance. In a season when many Nigerians seek hope and reasons to smile, we are proud to offer initiatives that inspire and uplift,” the Chief Marketing Officer of Heirs Insurance, Ms Ifesinachi Okpagu, said.

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FG Claims Investments in Presidential CNG Initiative Now $450m

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presidential CNG initiative

By Adedapo Adesanya

Nigeria’s Presidential Compressed Natural Gas Initiative (PCNGi) claims that investments in championing the CNG value chain have hit $450 million.

This was disclosed by Mr Michael Oluwagbemi, Project Director and Chief Executive Officer (CEO), PCNGi, during the 9th Edition of the Nigeria Energy Forum (NEF2024) Day 2, Virtual Event themed Energising Sustainable Industrialisation.

According to the PCNGi CEO, the amount goes into things like mother stations, daughter stations and refuelling stations as well as conversion centres which are starting to spring up across the nation.

Mr Oluwagbemi, represented by Mr Tosin Coker, the Head of Commercial, PCNGi, said the initiative had successfully converted more than 10,000 vehicles from petrol to CNG.

“By 2027, the initiative will have converted more than one million vehicles using petrol to CNG,” he said.

On incidents of explosion of vehicles using CNG, the CEO assured Nigerians that it had taken precautionary measures with different agencies of government to ensure safety.

Mrs Ibironke Olubamise, National Coordinator of the GEF Small Grants Programme (SGP), managed by UNDP, said the SGP was investing in youth energy innovation for economic growth and environmental sustainability.

Mr Daniel Adeuyi, NEF Group Chairman, said, “The event featured three super sessions on Energising Industrial Revolution, Community Climate Action by GEF-SGP UNDP and Clean Energy Innovations.

“The sessions are to share lessons learnt from real-life projects and build capacity of young entrepreneurs and cross-industry professionals.”

Mr Joseph Osanipin, the Director General of the National Automotive Design and Development Council (NADDC), said that the council had trained more than 4,000 auto technicians on how to convert petrol vehicles to CNG.

He said the council had started campaigns to sensitise Nigerians on the advantages of using CNG to power their vehicles.

“CNG can guarantee a cleaner environment, it is cheaper and affordable,” he said.

Mr Oluwatobi Ajayi, the Chairman and Managing Director of Nord Automobile Ltd., said the company was established to tackle the growing demand for vehicles in Africa and reduce import dependency.

He said that because of the Federal Government’s CNG initiative, the company had incorporated it into their vehicle production to meet up with the government policy.

Mr Armstrong Tankan, the Managing Director and Chief Executive Officer, Ministry of Finance Incorporated (MOFI), said that MOFI was set up in 1959 as the statutory vehicle to hold all the assets owned by the federal government.

“Today, we’ve been able to identify the assets the federal government owns and we are trying to track them.

‘We actually do have assets, not just locally but globally as well and we must establish visibility over what the federal government owns before we can start talking about managing them.

“So, we want to try to minimise the waste, minimise the overlaps and help to improve output,” he said.

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