CIG Motors Takes Over LagRide Operations, Introduces Salaried Model for Drivers
Under the new system, drivers will earn ₦150,000 per month, way lower than their potential earnings under the previous model
Home » Electric Vehicles (EVs)
Under the new system, drivers will earn ₦150,000 per month, way lower than their potential earnings under the previous model
The layoffs took immediate effect, and no monetary severance packages were provided
Designed as part of Uber’s mission to promote sustainability and reduce emissions
Startup’s Valuation Shoots to $750 Million
Electric cars can be more enjoyable to drive, with instant torque and smooth acceleration, and can offer a quieter and ...

The Techeconomy Podcast is a thought-leadership show exploring the powerful intersection of technology, business, and the economy, with a strong focus on Africa’s fast-evolving digital landscape.
Africa’s innovation ecosystem is evolving, but where will the funding for the next generation of startups come from?
In this edition of the Techeconomy Business Series (TBS) May 2026, industry experts explore how local capital, venture debt, and smarter investment structures are redefining startup growth and innovation across Africa.
🎙️ Featured Speakers:
* Ebunoluwa Ashley-Dejo
* Damilare Davola
* Success Ajilore (STN & Accelerated Plus)
Key conversations in this webinar include:
✔️ The future of startup financing in Africa
✔️ Venture debt and alternative funding models
✔️ The role of local investors in scaling innovation
✔️ Sustainable investment strategies for African startups
✔️ Opportunities and challenges in the African tech ecosystem
Subscribe for more conversations shaping Africa’s digital economy and innovation landscape.
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