About Us
Goverment Vision
To establish a company that will provide a safe and efficient bus transportation system in Lagos State.
The company is conceived as a private limited liability company it will operate strictly along commercial lines.
Lagbus Vision
Our mission is to deploy buses in dedicated right of way, with prepaid tickets, select operators and GPS monitoring to create a modern bus transportation system for Lagos. Our success will depend on the expertise of our people, a uniform service, high standards and full compliance.
Lagbus Mission
To create a modern, secure sustainable bus transportation service designed for the special needs of Lagos. We will use the best practices while creating opportunities for all stakeholders and be a model for others.
History:
Lagbus is created out of the experience of Lagos State Government over the years in its various attempts to provide an efficient safe and sustainable bus transportation system for the city.
The city has had the experience of a State Transport Corporation (LSTC) and has experimented with provision of subsidies for private operators. The state has also ventured into some partnership with TATA assembling of buses and running of a bus system. These attempts have failed for various reasons.
However, government has evolved a more robust strategy of implementation of a new public bus system in Lagos based on the experience over the last decades.
Some of the highlights of the new strategy are as follows:-
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The company must be run as a private limited liability company
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Management of the maintenance company must be separated from the bus Company
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Bus company must operate in conjunction with local transport operators
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Ticketing is to be centralized.
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Backward integration with investment in Bus Assembly plants is necessary
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Ownership of the company should include institutional private investors. |
