Uber to cease operations in Nigeria and Uganda from September 2, ending 12 years in Africa's largest market.
Uber Technologies (UBER) has ceased operations in Nigeria and Uganda as of Wednesday, September 2, ending its 12-year presence in Nigeria, Africa's most populous nation. The company stated that this was a difficult decision and that it would refocus its investments on markets that offer scalable earning opportunities for drivers. Nigeria has a population of approximately 242.6 million, but its per capita GDP is projected to be only about $1,556 in 2026. Last year, the entire ride-hailing market in Nigeria was valued at approximately $450 million, significantly less than Uber's global revenue.
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