Lagride secures $100 Million UBA facility to expand driver asset ownership
- Lagride secured a $100 million financing facility from UBA to scale its Drive To Own programme.
- The partnership aims to transition Lagride drivers into asset owners through a structured vehicle ownership model.
- Chief Diana Chen emphasized that the Drive To Own programme is a starting point for economic mobility.
The partnership between Lagride and UBA represents a significant step towards empowering drivers and promoting economic mobility in Lagos. However, the success of the Drive To Own programme will depend on the effective implementation of performance metrics and ongoing support for drivers transitioning to asset ownership.
