LagRide: Step-by-Step Guide to Becoming a LagRide Driver in Lagos State 2024

Want to become a LagRider in Lagos and join the ranks of drivers revolutionizing transit in the city? Look no further than LagRide, where you can earn money behind the wheel while providing efficient transportation for residents.

With over a thousand vehicles in its fleet, LagRide offers drivers the chance to earn a daily income while also providing the opportunity to eventually own the vehicle they operate. This initiative, launched in 2021 through a collaboration between the Lagos State government and CIG Motors Company Limited, aims to transform road transportation in the state.

In this article, we’ll break down the steps to becoming a LagRider, including requirements, benefits, and how to navigate the Lagos Ride scheme.

So, whether you’re looking for a steady income or dreaming of owning your vehicle, we’ve got you covered with all the essential information you need.

About LagRide

LagRide is a smart mobility solution that enables users to book and share the cost of rides from their preferred pickup and drop-off locations.

It connects users based on their desired points, each within a 1km radius, and with pick-up times not exceeding 5 minutes apart.

This service is projected to help reduce traffic congestion in Lagos by promoting ridesharing and decreasing single-occupancy driving.

This initiative is part of the ongoing efforts of the Lagos state government to enhance the transit experience for Lagosians.

Through its investment company, Ibile Holdings, the state intervened in acquiring 1,000 brand-new cars for use on the LagRide platform.

These cars are available to interested partners/drivers after a 20% down payment, with the remaining balance deducted from daily fares/earnings over a maximum period of 4 years.

What to Know About LagRide Vehicles

The following are general facts that potential drivers need to know about the LagRide scheme:. 

1. To get started, LagRide requires interested drivers to pay a non-refundable fee of N17,000. This covers verification of LASDRI and LASRAA ID, medical history and security checks, NIN, and driver’s license verification.
2. Training is an essential part of the process. This includes structured training from LASDRI, soft skills training, first aid training, and training on the Lagos Ride driver app.
3. LagRiders must remit all trip fares electronically via the LagRide platform. Cash trips require equivalent sums to be credited to the driver’s wallet for deduction.
4. Daily deductions of N8,709 for mandatory debt service and 25% for service fees will be made.
5. Vehicles remain the property of Ibile Holdings until all outstanding obligations are paid off. Afterwards, LagRide will transfer ownership to the driver.
6. LagRiders will service debt using daily fares for the first two years. On the contrary, LagRide will not accept outright payments during this period.
7. LagRide will handle maintenance and insurance considerations on behalf of the driver, but they are responsible for fueling the vehicle.
8. Failure to comply with maintenance schedules or use unauthorized service centers will result in penalties.
9. Drivers cannot fund their wallets through bank transfers to personal accounts and must use fares or other approved sources to service their daily debt obligations.

Basic Requirements to Become a LagRide Driver

1. Age Requirement: You must be at least 21 years old to become a LagRide driver.
2. Driver’s License: You must possess a valid driver’s license.
3. Clean Driving Record: A clean driving record is essential for eligibility
4. Smartphone and App: You must have a smartphone with the LagRide app installed to access the platform.
5. Background Check: Passing a background check is mandatory for all potential drivers.

LagRide Driver Required Documents

Besides the basic requirements to become a LagRide driver, you will need to provide the following documents for verification:

1. LASDRI (Lagos State Drivers Training Institute) ID verification
2. NIN (National Identification Number) verification
3. LASRAA (Lagos State Residents Registration Agency) ID verification
4. Driver’s License verification
5. Address verification
6. Security/background check
7. Medical check

The Steps to Become a LagRide Driver

The process of becoming a LagRide driver is divided into two broad categories:

Pre-Qualification/Verification

Your journey begins with downloading the Lagos Ride driver’s app and inputting your details. If you’ve completed this step, congratulations!

In addition, to proceed with the verification process, potential drivers will pay a non-refundable fee of N17,000 This fee covers the verification of the following:

• LASDRI (Lagos State Drivers Training Institute) ID
• NIN (National Identification Number) verification
• LASRAA (Lagos State Residents Registration Agency) ID verification
• Driver’s License verification
• Address verification
• Security/background check
• Medical check

Furthermore, note that the fee is non-refundable. LagRide recommends making the payment promptly, as they give priority to those who pay immediately.

Once verification is successful, you will attend the following training sessions:

• Structured training from LASDRI

Onboarding Stage

At this stage, you’ll make an equity payment for the car, which is your contribution towards ownership. This payment covers:

• Registration and Insurance
• Advance rent payment on the dashcam for a month
• First aid kit
• LASG E-hailing license
• Soft skills training
• First Aid training
• Lagos Ride driver app training

Upon successful completion of this stage, LagRide will assign a car and mobile device to you, and you’ll officially start as a LagRide captain. 

You have several options for making your equity contribution:

• Outright Payment: Pay N700,000.00 as your equity contribution.
• 3rd Party Funding: Pay a minimum of 20% of N700,000.00, and a loan facility will be available to complete the difference.
• Introduction to a Partner/Sponsor: Be introduced to a partner willing to make the initial investment on your behalf. Afterwards, the partner will be entitled to 20% of your daily net income, but ownership of the car is yours after full payment.

Other Important Information for LagRide Drivers

Vehicle Ownership

• The vehicle assigned to you after successful onboarding remains the property of Ibile Holdings until you complete your debt service.
• The company will transfer title and ownership to you only upon complete payment of all outstanding obligations.
• For the first two years, you will service debt using your daily fares After this period, you can pay down your debt and exit the obligation. Outright payment will not be honored in the first 2 years of possessing this asset.

Maintenance and Insurance

Maintenance

• LagRide will execute maintenance and all insurance considerations on your behalf.
• You must comply with all maintenance service schedules or calls for maintenance. Non-compliance attracts a penalty.
• Log in all maintenance requests or complaints about the vehicle in your possession to the maintenance module in your mobile app
• Any cost or damage incurred from taking the vehicle to an unauthorized service center or without prior notice shall be borne by you.

Insurance

Insurance considerations cover the following:

• Comprehensive insurance
• Protection against accident, disability, and/or loss of life
• Health insurance for you and your immediate family.
• Additionally, a pension scheme and a defined contribution scheme are also in place.

Debt Service

• The company will deduct a mandatory fee of N8,709 from your wallet daily to service your debt obligation.
• In cases of insufficient funds, LagRide will debit the value once it is sufficiently funded.
• You have the option to fund your wallet from other sources aside from fares to service your daily debt obligation.

Deductions and Disbursement

• Your account will show your cumulative net earnings at the end of each day.
• Disbursements to you will occur twice a week for now, on Mondays and Thursdays.
• You will be responsible for fueling your car from your net earnings.

Cash Collection

• You may only collect physical cash from a rider after they have indicated that preference while requesting a trip.
• Where cash is the selected mode of payment, once you confirm receipt of cash from the rider, LagRide will deduct the equivalent sum from your net position in your wallet.
• The scheme prohibits bank transfers to your account

Support

• A dedicated support team is available 24/7 to assist you every step of the way.
• Please contact them for help through the appropriate channels.

The Benefits of Becoming a LagRide Driver

There are many benefits to becoming a LagRide driver. These include:

1. Flexible working hours: As a LagRide driver, you have the flexibility to set your working hours, allowing you to balance work with other commitments.
2. Earning potential: LagRide offers drivers the opportunity to earn a steady income through fares and incentives, providing a source of financial stability.
3. The ability to meet new people: Driving for LagRide allows you to interact with a diverse range of passengers, offering the chance to meet new people and make connections.
4. The opportunity to explore Lagos State: As you navigate the streets of Lagos, you’ll have the chance to explore different neighborhoods and discover new places within the state.

The Challenges of Becoming a LagRide Driver

There are also a few challenges to becoming a LagRide driver. These include:

1. The need to be available 24/7: Sometimes, being a LagRide driver may require you to be available at all hours of the day and night, which can impact personal time and sleep schedules.
2. Dealing with difficult passengers: As a driver, you may encounter passengers who are unruly, demanding, or difficult to handle, requiring patience and conflict resolution skills.
3. Navigating Lagos State traffic: Lagos is known for its heavy traffic congestion, which can pose challenges for drivers in terms of navigating routes efficiently and managing time effectively.

Conclusion

In conclusion, becoming a LagRide driver presents an opportunity to be part of a smart mobility solution that aims to improve the transit experience in Lagos.

While there may be challenges and requirements involved, the benefits of flexible working hours, earning potential, and the opportunity to meet new people make it a worthwhile endeavor.

LagRide drivers play a crucial role in providing safe and reliable transportation for residents and visitors alike, contributing to the overall improvement of transportation in Lagos State.

FAQ

How much do LagRide drivers earn?

LagRide drivers earn a commission on each ride they complete. The commission rate varies depending on the time of day and the distance of the ride.

How can I improve my chances of getting approved to drive for LagRide?

To improve your chances of getting approved to drive for LagRide, you should have a clean driving record, a good smartphone, and a vehicle that meets LagRide’s requirements. You should also be available to drive 24/7.

What are the most important things to remember when driving for LagRide?

The most important things to remember when driving for LagRide are to be safe, courteous, and on time. You should also be familiar with Lagos State traffic laws and regulations.

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