Uber exits Nigeria after 12 years, sparking debate on hostile business climate

Uber ceased operations in Nigeria in September 2026 after 12 years, citing an unfriendly business environment. The Federal Airports Authority of Nigeria (FAAN) had issued a July 30 directive blocking Uber and Bolt from airport operations; only Bolt was cleared to resume on August 27 after Minister Festus Keyamo’s intervention. Uber denies the FAAN order was the main reason for its exit, saying it will continue in other African nations and is focusing on supporting drivers, riders, and staff during the transition.

The exit has intensified criticism of Nigeria’s business climate. The African Democratic Congress (ADC) says the country’s poverty rate has risen to 63%, affecting about 140 million Nigerians, and points to a Manufacturers’ Association of Nigeria report showing 767 manufacturing firms—including 20 global brands such as Microsoft, Jumia, Bolt Food, Pick n Pay, Shoprite, GSK, Sanofi-Aventis, Bayer AG, Procter & Gamble, Unilever, and PZ Cussons—have shut down or scaled back since 2023. ADC also notes fuel prices have surged as much as 1,700% after the removal of the fuel subsidy and naira devaluation, raising transport costs and squeezing both drivers and riders.

For commuters, Bolt remains available at airports, while ride‑hailing alternatives, public transport, or carpooling may fill the gap. Those concerned about the broader trend might consider advocating for policy reforms such as a targeted fuel subsidy, supporting locally owned businesses, or exploring sectors less vulnerable to currency and energy shocks. Keeping an eye on government announcements about transport licensing and fuel pricing can help anticipate further shifts in the market.

SOURCE: https://dailypost.ng/2026/09/18/ubers-exit-ignites-fresh-debate-on-nigerias-business-environment/