Lagos State Government has redefined service charge which was initially put as 10% as Road Improvement Fund of e-hailing taxi services, as it has come to a resolution that the levy will become a flat fee of N20 per trip in Lagos.
The Lagos State Governor, Babajide Sanwo-Olu disclosed this after meeting with the representatives of e-hailing taxi services on Friday at the State House in Lagos, while amicably resolved issues around regulations that affect their operations in the state.
According to him, “Effective from August 27, the new regulations will come in to effect. 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. 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”, he said.
Sanwo-Olu gave all drivers on e-hailing platforms 90 days to perfect all documents and licences required for operation. “It is important to state that as a government we have a duty to ensure businesses operate in a manner where rules and regulations are not flouted. We want businesses to thrive and we will continue to work with stakeholders in every sector to ensure a good relationship”, he added.