The Lagos State Governor, Babajide Sanwoolu has just come up with an initiative, LagRide in the transportation sector of the state, meant to make transportation easier and classy for Lagosians.

To kick-off, the governor imported 1,000 classy SUVs from CIG motors as they were seen parading Lagos few days ago. The videos of the
parade was shared across social media and of course, it was a very beautiful scene to behold.

Though this is a very laudable project from the governor but the processes involved in the initiative may not allow it to see the light of the day. Already we have ride hailing services in Lagos that includes Bolt, Uber, In-driver and before any other ride hailing project can make wave, it definitely has to conquer the previous ones but LagRide doesn’t seem to be the one.

For the existing ride hailing services, if you own your car, you can easily register on their platforms and start earning. In a situation where you got a car on hire purchase, in most cases you are required to pay some amount every week which ranges from N25,000-N35,000 for not more than two or three years to own the car. It is always within this range because cars used for this business are not exotic vehicles, it’s not adviceable to make use of exotic vehicles to run the business.

For LagRide, those who have made enquiries exclusively told TRIXX NG that the government is requires that you make a down payment of N1.8 Million then a daily payment of N9000 which translates to N54,000 every week. This will be done for four years before you can own the vehicle. By calculation, it’s about N13 Million just to own the car.

Although, the cars are very classy, beautiful, and exotic but for a business like this, it’s is not realistic. One who has N1.8 million will definitely buy a neatly used Nigerian vehicle needed for the business. There is also no way one can comfortably pay N9000 every day of the week for four years, it’s not realistic at all.

Though laudable, this may be another project that will be flushed down the drain because going by the processes involved, it’s definitely dead on arrival.

https://trixxng.com/why-governor-sanwoolus-lagride-initiative-is-dead-on-arrival/

It might not just be a dead on arrival initiative yet ...

dawnomike:
It might not just be a dead on arrival initiative yet ...

It is dead on arrival bro
Instead of me paying 1.8 M down payment I rather buy one Toyota Corolla nigeria use or 2 honda civic for Uber/Bolt job , and be my own boss .
There's no way a driver can remit 54k a week on Uber talk more on a new company that has no riders yet

They are just taking the cars cos they have intentions to run away with it, count the cars in a month time , e no go reach 900 !