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The signing and flag-off ceremony was held on Thursday at the Lagos state house in Marina.
Speaking during the ceremony, Babajide Sanwo-Olu, governor of Lagos, said the new ride-hailing taxi scheme will redefine road transportation in the state, and is expected to create jobs and economic opportunities for residents.
He said the scheme, which is expected to fully take-off in the next six months, has been structured along a profitability model and designed to be self-sustaining for expansion and growth.
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“I am elated to unveil the Lagos state taxi scheme, which is another innovative policy of this administration targeted at making life easier for Lagosians, improving mobility and creating a seamless multi-modal transportation system,” he said.