There are currently ten (10) franchisees operating a total of 238 buses operating on 17 routes under the Route Franchise scheme in Lagos state and 23 newly approved franchisees by the Lagos State Executive Council. A summary is presented below:
Number of franchise companies operating - 10
Number of routes operated - 17
Number of buses operated - 238
NEW FRANCHISEES APPROVED BY LSEC
Number of Franchisees recently granted licences - 23
Number of buses planned for deployment with the next 9 months - 337
Number of buses to be deployed by 31 Jan 2014 - 126
Interested applicants for route franchise are to forward their application letter indicating the route and vehicle type to LAGBUS office at Tisco Plaza, Alausa CBD, and collect an application form from the LAGBUS Legal Department.The application form will be completed and submitted along with the following:
A N50,000 application fee (in form of cheque or bank draft in favour of LAGBUS Asset Management Limited)
Certificate of registration of company or co-operative
Memorandum/Articles of association (MEMART)
Evidence of tax payment by the directors
Income tax returns of the company
Profile of the company
Profile of the technical personnel
Last three years financial report showing annual turnover
The screened application will be passed on to the Transport Committee for consideration.
Click the link below to get more information on the franchises
Fab-Rem Project International Limited
Lagos Integrated Transport Cooperative Society
Megacity Bus Services Limited
Mutual Model Transport Limited
Nationwide Unity Transport Limited
NURTW Mass Transit Company
Safex Kayway Limited
Transmodal Nigeria Limited
The Greenline Bus Company
Are We Hiring?
LAGBUS Asset Management Limited is currently hiring Click here to view available vacancies
Our attention has been drawn to a misleading broadcast that a Sudanese man was caught attempting to set explosives at a LAGBUS terminal.
Closure of Dopemu & Iyana Ipaja bridges
The Lagos State Government says Dopemu and Iyana Ipaja bridges along the Lagos-Abeokuta Expressway will be closed to public use for 10 days each.
It was stated that while Dopemu Bridge would be closed from Saturday 15th March to Monday 24th March, 2014, Iyana Ipaja Bridge would be shut between Tuesday 25TH March and Saturday 5TH April, 2014.