Friday, September 4, 2026

UBER PULLS OUT OF NIGERIA AFTER 12 YEARS, SHAKES UP RIDE-HAILING INDUSTRY


...To get all news updates, Join our WhatsApp Group (Click Here)

By Isaac Olufemi Ojo

AFTER a dozen years of operating its digital transportation network in the country, global ride-hailing giant, Uber, has officially brought its operations in Nigeria to an end, causing a major shake-up within the nation’s digital transport sector.

The company’s local transport services officially ceased on Wednesday, September 2, 2026, following a formal notification sent to Nigerian subscribers indicating that the decision was reached after a comprehensive review of its business operations

According to findings, since launching its services in Lagos in 2014, Uber evolved into one of the most visible digital mobility platforms, linking commuters seamlessly with independent vehicle operators through its mobile application.

With the latest development, the multinational firm has completely exited the Nigerian market alongside Uganda, though it maintained that its corporate footprint remains active across other sub-Saharan African countries.

Speaking on the rationale behind the exit, company sources noted that Uber has refrained from directly blaming the nation’s current economic or regulatory climate for the shutdown.

Instead, corporate communications directed at customers framed the withdrawal as a difficult choice necessitated by a strategic re-evaluation of its evolving business priorities and broader investment focus across the African continent.

The firm emphasized that its resources would henceforth be channeled toward markets deemed capable of yielding greater value and sustainable opportunities for both drivers and passengers.

Also Read:  Oyo Assembly backs Makinde’s call for international probe into Oriire school abduction

Insiders within the transport sector, however, point out that the exit happens against a heavily constrained operating environment for digital cab services in Nigeria.

In recent times, operators and drivers alike have had to contend with surging fuel pump prices, biting inflation, high vehicle maintenance costs, foreign exchange volatility, and immense pressure on daily take-home earnings.



...To get all news updates, Join our WhatsApp Group (Click Here)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_imgspot_img
spot_img

Related News

Read More

More News