Lagos sets new guidelines to regulate ride-hailing businesses

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In a meeting held on Friday at Lagos House, Marina, the Lagos State government and operators of ride-hailing businesses agreed on a set of guidelines that will regulate the service.

This move comes only two months after Lagos state banned the operation of motorcycle taxis back in March which halted business for many ride operating companies in the region.

After a three-hour-long discussion, an agreement to the guidelines between the representatives of the operators and government officials, headed by Governor Babajide Sanwo-Olu was met.

In a Twitter thread, the governor stated that,

“the e-hailing companies will ensure vehicles carry comprehensive insurance that covers the riders. We redefined service tax which was initially put as 10% as Road Improvement Fund. We have come to a resolution that the levy will become a flat fee of N20 per trip.”

He added that We also came to a resolution that there will be a reduction in the operational licence by 20%. Likewise, the renewal fee has been reduced by 20 per cent. Similarly, all drivers on e-hailing platforms have 90 days to perfect all documents and licences required for operation.

Mr Babajide also stressed that as a government they have a duty to ensure businesses operate in a manner where rules and regulations are not flouted. They want businesses to thrive and the government will continue to work with stakeholders in every sector to ensure a good relationship.

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