Sirs @atiku and @PeterObi the new lover of UBER. Pls read:
1: Uber is exiting Nigeria after 12 years—but here’s the irony:
2: The same Uber is in the process of acquiring Delivery Hero for $14.8 billion, which would give it control of Glovo’s Nigerian operations.
3: So Uber may be leaving Nigeria’s ride-hailing market while potentially entering deeper into Nigeria’s food delivery and digital commerce market.
4: This is not simply “Uber leaving Nigeria.” It is a strategic repositioning.
5: Una read oooooooooo. Don’t be an illiterate here abeg.
Uber’s Exit from Nigeria:
A Hard Look at Nigeria's Economy, Policy Shock, and the Brutal Reality of our local Ride-Hailing.
On 2 September 2026, Uber Technologies announced it would wind down operations in Nigeria after 12 years, effective the same day.
The company also exited Uganda.
The decision came as part of a broader global restructuring that includes cutting about 3,300 jobs (roughly 10% of its workforce) and shifting focus toward core ride-hailing, delivery, and autonomous vehicles.
Uber’s official statement was carefully bland: after a “thorough review of our business,” it was making the “tough decision” to leave.
It stressed the move was limited to Nigeria and Uganda and that it remains committed to the rest of Sub-Saharan Africa.
Though, it explicitly denied any link to the recent Federal Airports Authority of Nigeria (FAAN) dispute over airport operations.
However, their polite language cannot hide the deeper truth. Nigeria’s ride-hailing market has become a high-cost, low-margin trap shaped by macroeconomic volatility, policy shocks, intense competition, and structural challenges that make sustainable profitability extremely difficult for global platforms.
Uber claimed to have infused an estimated ₦34 billion into the local economy, with drivers earning an additional ₦6.1 billion annually through the platform and flexibility valued at another ₦6.3 billion.
It was never a smooth journey, from driver protests over low fares and high commissions, needing trip volumes and commissions that cover fuel/maintenance/financing plus a living income, to riders (highly price-sensitive) wanting affordable trips.
Notably, Nigeria's Macroeconomic shocks broke this balance completely.
This came with competition intensifying when Bolt (formerly Taxify) entered in 2016 and inDrive (with its bidding model) arrived later. Bolt has since become the most downloaded mobility app in Nigeria and holds a leading position in many metrics. For inDrive, they gained traction among price-sensitive riders.
Over 2,500 ride-hailing apps have reportedly tried to enter the market since 2014; the vast majority failed or became inactive.
While Uber’s model leaned more premium/standards-focused; Bolt treated the service as a commodity for a thin (almost extinct) middle class, and adapted faster on pricing and incentives. That difference mattered!
Worthy of note is the pivotal policy decision to remove petrol subsidies in May 2023 under President Bola Tinubu’s administration.
Petrol prices jumped from roughly ₦185–₦200 per litre to over ₦500 almost overnight (a 160%+ increase), later peaking above ₦1,000–₦1,300 in various periods and locations.
Transport costs surged; household welfare suffered as transportation expenditures rose sharply.
Drivers’ largest operating cost exploded while fares could not fully keep pace without destroying demand.
Inflation soared (hitting multi-decade highs in the mid-20s to 30%+ range in subsequent years).
The naira’s sharp devaluation made importing or financing vehicles far more expensive. Spare parts, tyres, insurance, and maintenance costs ballooned.
Vehicle quality on platforms declined as older, poorly maintained cars became the norm. Real driver earnings dropped even as nominal fares rose.
Currency volatility, rising input costs, and weak purchasing power among the middle class created a profitability trap; raise fares too much and riders switch to danfo buses or other cheap, yet risky alternatives; keep them low and drivers exit or platforms lose money. Competition (especially inDrive’s negotiable pricing) further compressed margins.
Eventually, Uber’s global shift toward autonomous vehicles and leaner operations simply made low margins, or loss, thereby making Nigerian market less tolerable.
Nigeria offered scale on paper (huge population, congested cities, smartphone growth) but delivered difficult unit economics in practice.
Uber’s departure intensifies competition among....
When arrogance climbs into bed with stupidity, the offspring is pure, chest-thumping idiocy, and APC just delivered a masterclass!
A party that cannot even respect fully owned, fully paid advertising spaces.
The party that lectures everyone about “competence” is out here celebrating mediocrity in the most public, and most embarrassing way possible.
No, this isn’t an oversight, it is a full-blown confession that respect for rules, contracts, and basic decency is optional when it’s their people doing the trampling.
@LASAA, when exactly do you plan to stop this nonsense?
You know so well that this ad space is paid for.
You were trusted to regulate signage and billboards in Lagos; Instead, you’re watching the rules get treated like suggestions while the offenders walk around like the law is a joke written for other people.
Regulate or resign the pretense!
@OfficialAPCNg , when are you going to drag your bunch of morons back into line?
This embarrassing, lawless display must end!
You wrote the advertising laws...
The least you could do is pretend they apply to you. Have some dignity, or at least stop advertising your complete lack of it!
I am Olushile Akinyemi
Publicity Secretary
NDC LAGOS
*A Call to Reconciliation and Healing for Nigeria*
My fellow Nigerians,
We stand at a crossroads in the history of our beloved nation.
A point where division has deepened among us in ways we have never seen before.
Trust between the people and their leaders has eroded.
Tribes that once lived as neighbors now struggle to coexist peacefully.
Religion, meant to uplift the spirit, has become a source of separation.
Politics divides families and communities.
Greed and evil have taken root in many hearts.
Too often, the focus is on personal gain at any cost, oppressing the weak, exploiting the vulnerable, and speaking ill of our own country.
This path leads only to greater pain and possible collapse!
We cannot continue this way and expect a better future.
Great nations are built on genuine love, mutual trust, and shared commitment.
It is time for us to choose a different road, one of reconciliation, mediation, and national healing.
To our leaders at all levels, please know that before any meaningful progress can be made, you must win the hearts and minds of the Nigerian people.
True leadership is not about power or position alone; rather it is about restoring confidence through fairness, empathy, and visible care for the welfare of every citizen.
Without the people's trust, even the best policies will fail.
History shows us this truth time and again.
Colonial policies that divided us, the painful wounds of the Nigerian Civil War, and the post-war efforts at unity under the banner of “No Victor, No Vanquished” all remind us how fragile our nation can be, and how strong it becomes when we choose healing.
To every Nigerian, old and young, let us come together for a sincere national conversation.
We need a gathering of minds and hearts where leaders, elders, youth, traditional rulers, religious leaders, and ordinary citizens can speak openly, listen deeply, and work toward genuine reconciliation.
We must address the hurts of the past, confront present injustices, and build bridges across ethnic, religious, and political lines.
To our young people especially, you are the hope and future of this nation. Do not inherit the divisions of yesterday.
Be intentional about learning our full history, the good and the painful, so you can avoid repeating its mistakes.
Choose integrity over quick money. Choose service over selfishness.
Choose unity over tribalism.
Groom yourselves to become leaders who value truth, compassion, and the common good.
The Nigeria you build will be the one your children inherit.
Nigeria is more than lines on a map drawn by colonial hands.
We are a rich tapestry of over 250 ethnic groups, diverse languages, faiths, and cultures.
Our strength has always lain in our diversity when united by a common purpose.
Let us recommit to the ideals that brought us independence: one indivisible nation, where justice, equity, and opportunity belong to all.
The time for blame and bitterness is past.
The time for healing and rebuilding has come.
Let love replace hatred.
Let trust replace suspicion.
Let commitment replace selfishness.
Through sincere dialogue, forgiveness where it is due, and deliberate actions for unity, we can forge a stronger, more peaceful, and prosperous Nigeria.
We owe this to ourselves, to our ancestors, and to the generations yet unborn.
Together, let us rise!
Nigeria, heal!
Nigeria, unite!! Nigeria, shine!!!
With heartfelt hope,
Olushile Akinyemi
Social commentator, Technical writer
Lover of Nigeria
Lover of Nation building
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