Uber to exit Nigeria after 12 years of operations
Uber is exiting the Nigerian and Ugandan markets after 12 years of operations, citing a difficult business environment. The company faced significant challenges including high fuel costs, inflation, and currency volatility.
Why it matters
The withdrawal of a major global tech firm from African markets underscores the economic volatility and operational hurdles faced by multinational corporations in the region.
Ride-hailing company Uber Technologies will cease operations in Nigeria on September 2, ending its 12-year presence in Africa’s most populous country, the company said in a notice to customers on Wednesday (September 2, 2026).
Uber decided to wind down its Nigerian business after a review of operations, it said, without disclosing further details on the reasons for the move.
Competition in Nigeria’s ride-hailing market has intensified in recent years, with operators facing challenges including rising fuel costs, inflation and currency volatility that have increased operating expenses and put pressure on drivers and platforms.
“After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2 September 2026,” the company said in a message to users.
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