Company profile

Lagride Nigeria Limited

Lagride Nigeria Limited (Lagride), is a Nigerian mobility company established in 2022 through a joint venture partnership between Choice International Group's subsidiary CIG Motors Company Limited and Lagos State Government's investment arm IBILE Holdings Limited. Headquartered in Lagos, Nigeria, the company operates government-backed ride-hailing services primarily across Lagos State. Core offerings include electric vehicle ride-hailing, traditional internal combustion vehicle taxi services, driver asset financing programmes including Drive to Own and Drive to Earn schemes, and charging infrastructure for electric mobility. The platform operates through a mobile application available on iOS and Android, deploying GAC Motors vehicles assembled locally by CIG Motors. As of December 2025, Lagride has secured USD 100 million in financing from United Bank for Africa to expand its fleet to 3,500 vehicles under the Drive to Own programme.

Sector

Manufacturing and industrials / Road Transport

Markets

Nigeria

Ownership

Private

Source: Partner Researchers.