Uber exit opens $450m Nigerian e-hailing market

Nigeria's e-hailing market, valued at $450 million in 2025, is set to undergo a major transformation following the exit of Uber after a 12-year presence in the country. Competing platforms such as Bolt, inDrive, and others are now vying to capture a larger share of the lucrative market. Ken Research predicts that the e-hailing market could more than double to $982 million by 2032, with a compound annual growth rate of 11.8 percent.

Established operators like Bolt and inDrive, which have a deep understanding of the Nigerian market, are strategically positioned to capitalize on the shift while maintaining high standards for safety and service quality. InDrive, in particular, is leveraging its local market knowledge, pricing model, and direct rider-driver interactions to differentiate itself, with a focus on affordable and accessible rides.

The departure of Uber has also created challenges for drivers, especially those who financed their vehicles through Moove under arrangements tied to Uber, leaving them with mounting repayment obligations.