Global ride-hailing giant, Uber, has announced its exit from Nigeria after 12 years of operations in the country.
The company disclosed its decision in a statement issued on Wednesday, September 2, confirming that its operations in Nigeria will officially end with immediate effect.
Uber’s departure marks the end of a 12-year presence that transformed urban transportation in several Nigerian cities and helped popularise app-based ride-hailing among commuters.
The company entered the Nigerian market with the promise of reshaping mobility through technology, connecting riders with drivers and providing a convenient alternative to traditional transportation.
Its exit is expected to have significant implications for Nigeria’s fast-growing ride-hailing sector, particularly for thousands of drivers and commuters who rely on the platform daily.
Uber did not immediately provide detailed reasons for its decision to leave the Nigerian market.
The development comes amid increasing operational pressures facing businesses in Nigeria, including rising costs, regulatory challenges and a difficult economic environment.
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