BREAKING: Bolt vows to stay in Nigeria despite Uber exit, industry challenges

Ride-hailing company, Bolt, has vowed to remain in Nigeria despite the exit of rival ride hailing company Uber and the challenges facing the country’s mobility industry.

The company, in a statement shared with Nairametrics, said Nigeria remains an important market for its growth, assuring riders, drivers, and other stakeholders that it remains focused on strengthening its operations and expanding opportunities in the country.

The assurance comes the same day Uber announced that it would wind down its operations in Nigeria and Uganda, effective September 2, 2026, following a review of its business priorities and investment focus across Africa.

What they are saying

The company said its focus in Nigeria remains on providing reliable mobility solutions for riders, creating earning opportunities for drivers and working with stakeholders to support the development of the country’s mobility ecosystem.

• “Nigeria remains an important market for Bolt, and we remain firmly committed to the country. We have built a strong community of riders and driver partners over the years, and our focus is on continuing to serve them while strengthening our operations and creating more opportunities across the market,” said Teddy Appa-Dankyi, Senior General Manager, Bolt West Africa.
• “We recognise that there is understandably some uncertainty following recent developments in the industry.
• “However, our focus remains firmly on the long term. We will continue working closely with our drivers, riders, regulators and other partners to contribute to a reliable, accessible and sustainable mobility ecosystem in Nigeria,” Appa-Dankyi added.

Backstory

Nairametrics earlier on Wednesday reported that Bolt’s rival, Uber, has shut down operations in Nigeria and Uganda, effective immediately.

The company said the decision followed…