Gokada, a Lagos-based bicycle transportation company, is turning its attention to logistics.
This comes after the Lagos State government led by Babajide Sanwo-Olu banned the use of motorcycles and tricycles in 16 local government development areas and local councils.
Reacting to a report that most of its workforce had been laid off, Gokada CEO Fahim Saleh tweeted: "We still have money in the bank and are focusing on deliveries while this transportation ban is cleared."
According to Saleh, the company was expected to make profits in January when the ban was announced.
Lagos State Commissioner for Information and Strategy Gbenga Omotoso said the ban was decided after a review of the victims. In May 2019, Gokada announced that it had received $5.3 million investment through a fundraising process.
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At the time, it said it would use the investment to expand its rider fleet, increase daily rides by 10 and recruit local talent.
Since its launch in 2018, Gokada says it has purchased about 1,000 motorcycles and completed one million rides.
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