Uber exit: Drivers, Nigerians react as e-hailing giant quits Nigeria’s $450m market
Reactions have continued to trail the exit of global e-hailing company, Uber from Nigeria. DAILY POST reports that Uber announced its exit from Nigeria after 12 years of operations on Wednesday. Uber, in its terse statement on Wednesday, did not state the reason for its exit but noted that the decision was a difficult one. “We know […] Uber exit: Drivers, Nigerians react as e-hailing giant quits…
Uber, the global e-hailing company, has announced its exit from Nigeria after 12 years of operations. The decision, while unexplained by the company, has sparked reactions among Nigerians and e-hailing services. Uber expressed gratitude to its drivers and riders for being part of the journey in Nigeria. The Amalgamated Union of App-Based Transporters of Nigeria (AUATON) condemned Uber's exit, citing its "exploitative foundational business model" and disregard for workers.
An investment analyst attributed Uber's departure to its inability to innovate and compete effectively in the Nigerian market. Local e-hailing services, including Bolt and inDrive, have vowed to remain in the $450 million market. Former aides to the late President Muhammadu Buhari and Senator Shehu Sani have also weighed in, suggesting that this could be an opportunity for local startups to take over the market.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
