Expert links Uber’s Nigeria exit to market share loss, others
A tech expert attributes Uber’s Nigeria exit to intense competition from Bolt and inDrive, significant market share loss, and failure to adapt to local mar Read More: https://punchng.com/expert-links-ubers-nigeria-exit-to-market-share-loss-others/
A technology expert has linked Uber's exit from Nigeria to fierce competition from local ride-hailing platforms, inDrive and Bolt. Femi Bejide, a software solutions architect, claims Uber lost a significant share of the market in Nigeria, struggling to adapt its business model to changing local conditions. The expert noted that Uber fell to third place in the country's ride-hailing market, citing its failure to evolve its model as quickly as competitors.
Bejide also pointed out that Uber's broader global strategy contributed to its decision to leave Nigeria. The company announced plans to cease operations in Nigeria and Uganda by September 2, 2026, following a review of its investment focus across Africa.
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