Ride-Hailing Firm Set To Employ 10,000 Drivers

The company, a partnership between the Lagos state government and CIG Group has announced the launch of a new bank-backed vehicle leasing programme that will place 10,000 additional drivers and partners on Lagos roads ahead of the Ember month rush.

According to a statement, the expansion underlines LagRide’s commitment to providing every resident and visitor in Lagos with a safe, reliable and affordable ride within minutes.

Chief Diana Chen, Chairman of CIG Group, a diversified group with portfolio companies across transportation, energy, technology and consumer goods, explained the significance of this expansion: “Lagos becomes the heartbeat of Africa during the Ember months. Churches fill, families reunite and our diaspora comes home. LagRide exists so that movement around the city is dignified, safe and joyful. By joining forces with Nigerian banks, we are handing the steering wheel of that experience to empowered local entrepreneurs.”

The company said the vehicle leasing programme is designed to empower drivers and partners through affordable, transparent, and bank-supported financing. The scheme allows drivers to access brand-new CIG vehicles with quick bank approvals and competitive rates, giving them the opportunity to work with dignity and financial security.

It stressed that the programme provides a clear pathway to ownership, enabling drivers to take full possession of their vehicles in the shortest possible time. Repayments are structured flexibly, with weekly remittances aligned to actual kilometres driven, ensuring that repayments mirror usage and remain sustainable. Most importantly, the leasing programme comes with full cover: maintenance, insurance, and operational support are integrated, ensuring that every driver can focus on service delivery without fear of unforeseen costs or disruptions.

Jubril Arogundade, Acting Managing Director of LagRide Nigeria Limited, described the initiative as a continuation of LagRide’s founding promise: “From day one we have offered local solutions that meet world-class standards. The new leasing programme continues that promise by giving drivers a simple, transparent route to owning the cars they drive while improving service quality for riders.”