Uber has commenced the winding down of its operations in Nigeria, with the company’s exit coming amid a major global restructuring aimed at cutting costs and redirecting investments to areas it considers to have stronger growth potential.
Uber announced that its Nigerian operations would end effective September, 2026, 12 years after it launched its service in Lagos in 2014.
The decision is part of a broader restructuring by the company, which includes plans to cut approximately 3,300 jobs globally and reduce management layers as Uber seeks to streamline its operations and redirect resources towards its core businesses, including ride-hailing, delivery and autonomous vehicles.
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Although Uber is leaving Nigeria and Uganda, the company has said it remains committed to the Sub-Saharan African market.
The development has, however, triggered mixed reactions among Nigerians, with some expressing sadness and others questioning why the company would leave a country with such a large population and transportation market.
Reacting to the development on Facebook, Ifeanyi Christopher attributed Uber’s difficulties in Nigeria partly to the challenging business environment, particularly the naira-to-dollar exchange rate and competition within the ride-hailing industry.
He said Nigeria was “a very difficult market for foreign companies to operate in”, arguing that rising foreign-currency costs could eventually make services too expensive for consumers.
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