Lagos, Nigeria – Governor Babajide Sanwo-Olu has announced a significant expansion of the LAGRIDE fleet, with the signing of a Joint Venture partnership between IBILE Holdings Limited and CIG Motors Company Limited. The deal will introduce 5,000 brand new vehicles to the fleet, with 2,000 units expected in the first phase and the remaining vehicles to be delivered in tranches.
The new fleet will include 1,000 electric vehicles, demonstrating the state government’s commitment to reducing dependence on fossil fuels and minimizing carbon footprint. The vehicles are designed to operate on low carbon emissions, with improved technological interaction and energy transition.
This partnership marks a significant milestone in the state’s transportation sector, offering commuters enhanced transportation options and riding convenience. The initiative will also introduce carpooling services, chauffeur services, and tech-driven logistics services, further enhancing mobility in the state.
Governor Sanwo-Olu encouraged private players in the transportation sector to emulate this partnership and initiate schemes that would enhance mobility in the state. The goal is to make Lagos a city with an international standard, environmentally sustainable, and smart mobility system.
