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.