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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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inDrive Hires KieKie as Chief Wahala Officer

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KieKie inDrive Chief Wahala Officer

By Modupe Gbadeyanka

Popular content creator, Oluwabukunmi Adeaga-Ilori, otherwise known as KieKie, has been unveiled as the Chief Wahala Officer of a global mobility and urban services platform, inDrive.

This creative hiring campaign was designed to shed light on the daily challenges of movement and mobility in Lagos. It follows an overwhelming response to the campaign, which attracted over 450 applications from Nigerians eager to take on the role.

As Chief Wahala Officer, Kiekie will draw attention to the everyday transportation challenges faced by Lagos residents, highlighting issues such as traffic congestion, delivery challenges, unreliable transport options and the difficulties of moving around the city.

Through the #inDriveCWO, she will encourage commuters to share their experiences and perspectives, helping to bring greater public attention to the realities of daily commuting in Lagos.

In addition, the platform is providing an avenue for commuters to share their experiences, helping to bring greater visibility to the challenges of urban mobility and the need for solutions that support easier movement across Lagos.

The Country Manager for inDrive Nigeria, Mr Timothy Oladimeji, explained that the choice of KieKie reinforces the organisation’s strategy of engaging users through familiar voices and personalities who mirror the lived experiences of its community.

He added that KieKie’s involvement will help bring visibility to everyday commuter experiences, encouraging conversation, participation, and shared understanding among platform users.

“KieKie is a perfect fit for this role because she represents exactly what this campaign is about: authenticity, humour and relatability. She has a natural ability to connect with people’s everyday experiences and turn them into conversations that everyone understands.

“In a city like Lagos, where mobility comes with its own daily wahala, we needed someone who can reflect that reality in a way that is both entertaining and truthful, and KieKie does that effortlessly,” he said.

Expressing her excitement about the appointment, Kiekie noted that the role presents an opportunity to shine a light on the everyday mobility challenges faced by Lagos commuters in a relatable and engaging way. She said she looks forward to encouraging more people to share their experiences and contribute to conversations around making daily movement across the city more convenient and enjoyable.

“I am finally happy to announce that I am the Chief Wahala Officer. My dear Lagosians, any delivery or ride-hailing wahala you may be facing is now in the past. Don’t worry, I am on duty, which means everything will go back to normal,” she enthused.

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Bank Introduces New Vehicle Financing Initiative With 10% Deposit

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Access Bank New Vehicle Financing Initiative

By Aduragbemi Omiyale

A new vehicle financing initiative designed to allow funding support of up to 90 per cent of a vehicle’s value and repayment tenures of more than four years has been introduced by Access Bank Plc.

This is part of the lender’s vehicle asset financing programme aimed at expanding access to vehicle ownership and mobility services across the country.

Application for the service is through a digital process, the bank’s Executive Director of Corporate and Investment Banking Division, Ms Iyabo Soji-Okusanya, disclosed.

Customers can access vehicles from top distributors like CIG Motors, Mikano Motors, Kewalram Motors, Stallion Motors, Elizade JAC, CFAO and other mobility dealers. They can purchase both new and certified pre-owned vehicles through a single process, she added.

“You apply online, and you go home with the keys to your car already in your pocket,” Ms Soji-Okusanya stated, noting that for businesses, the initiative will provide access to vehicles needed for operations while helping dealers improve inventory turnover and unlock capital tied down in unsold stock.

While explaining how the process works, the Group Head of Access Bank Mobility, Mr Ishmael Nwokocha, said the bank spent the last six months engaging dealers and other stakeholders in the automotive value chain before rolling out the programme.

According to him, Nigeria records annual vehicle sales of about 100,000 units, with only about 10 per cent being brand-new vehicles, while the remaining 90 per cent are pre-owned vehicles, adding that rising vehicle prices have significantly reduced affordability for many Nigerians.

“What are we offering today? Come with 10 per cent equity contribution, and we’ll finance the 90 per cent,” Mr Nwokocha said, noting that customers would also have access to insurance, after-sales services, and a digital loan application process that allows applicants, dealers and the bank to monitor progress.

He said the initiative extends beyond individual consumers to corporate organisations, schools, hospitals and other businesses requiring vehicle fleets, revealing plans to expand financing access to operators in the ride-hailing and transport sectors that are currently outside the formal banking system.

On her part, the Group Head of Product and Segment at Access Bank, Ms Chizoba Iheme, said the bank had put measures in place to support customers who encounter financial difficulties during the repayment period, explaining that affected borrowers could seek loan restructuring rather than risk losing their vehicles immediately.

“So long as the vehicle is still valid, it’s still running on the road, we can look at your finance, and then we’ll repackage your loan,” she said, also clarifying that customers are not required to maintain loans for the full approved tenor and can repay outstanding obligations earlier if they choose.

On the scope of the programme, she said financing is available to individuals, corporates and small businesses seeking vehicles for commercial or operational use.

The Managing Director of CIG Motors, Ms Eniola Olutimilehin, whose company is one of the participating dealers, said the partnership would help connect vehicle buyers with financing while supporting mobility and business operations.

She said the collaboration is expected to improve access to vehicles for individuals and entrepreneurs requiring transportation assets for personal and commercial activities.

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Man Cools Off in EFCC Custody Over Alleged $320,000 Vehicle Import Fraud

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Adegoke Oluwatobi Adams

By Modupe Gbadeyanka

A Nigerian-American identified as Mr Adegoke Oluwatobi Adams has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) in Ilorin, Kwara State, over his alleged link with cross-border vehicle import fraud of about $320,000 (approximately N434.88 million).

A statement from the EFCC disclosed that the suspect is being investigated for alleged criminal breach of trust and obtaining money by false pretence.

Preliminary investigations revealed that he allegedly belongs to a syndicate based in the United States that specialises in defrauding unsuspecting Nigerians under the guise of purchasing and importing vehicles from the US for them.

It was discovered that while residing in America, Mr Adams allegedly advertised and circulated photographs of a 2024 Mercedes-Benz G63 AMG to prospective buyers in Nigeria, promising to purchase and ship the luxury vehicle to them.

Findings revealed that two victims allegedly paid $320,000 for the vehicle. One of the victims, Ikechukwu Osita Ifeabunike, reportedly paid $145,000 through an intermediary, while another victim, Godson Azubuike Amans, allegedly paid $175,000 for the same vehicle.

Further investigation also uncovered a prior criminal record involving Mr Adams in the United States, allegedly related to the illegal acquisition of vehicles. In the long run, the suspect was arrested by operatives of the Ilorin Zonal Directorate of the EFCC upon his return to Nigeria.

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