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/
Technology expert Femi Bejide linked Uber's exit from Nigeria to intense competition from local ride-hailing platforms inDrive and Bolt. Bejide, a software and solutions architect, stated that the Nigerian ride-hailing market leader Uber fell to third place after failing to adapt its model to changing market conditions. These changes allowed inDrive and Bolt to surpass Uber in market share.
Bejide noted that Uber's decision to exit Nigeria was also influenced by the company's broader global strategy, which included a recent shift in direction. He explained that as Uber downsized globally, the Nigerian operations became vulnerable to its larger restructuring efforts. Bejide revealed that his team was tracking industry data and would soon release a comprehensive report on the sector.
This comment came after Uber announced its exit from Nigeria and Uganda in September 2026, marking the end of its 12-year presence in the Nigerian market.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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