UBER ENDS OPERATIONS IN NIGERIA

Uber has announced plans to shut down its operations in Nigeria following a review of its business activities in the country.

The ride-hailing company said the decision was reached after assessing its operations and business outlook in the Nigerian market. The development will affect riders and drivers who have relied on the platform for transportation and income.

Uber has operated in Nigeria for several years, becoming one of the major players in the country’s growing e-hailing industry. Its exit is expected to reshape competition in the sector and create opportunities for other ride-hailing platforms.

The company’s departure comes as operators in Nigeria continue to face rising operating costs and regulatory challenges. Ride-hailing drivers have also raised concerns over earnings, commissions and the cost of maintaining vehicles.

The decision is expected to generate discussions among drivers, passengers and industry stakeholders about the future of app-based transportation in Nigeria.

Uber has continued to operate its platform in several other markets globally, offering ride-hailing and other services.

The company’s exit marks a significant development in Nigeria’s e-hailing industry, particularly given Uber’s role in helping popularise app-based transportation in major Nigerian cities.