By Sekinat Osundiji
Ride-hailing giant Uber has commenced the winding down of its operations in Nigeria, with the company’s exit coming amid a major global restructuring aimed at cutting costs and redirecting investments to areas it considers to have stronger growth potential.
Uber announced that its Nigerian operations would end effective September 2, 2026, 12 years after it launched its service in Lagos in 2014.
The decision is part of a broader restructuring by the company, which includes plans to cut approximately 3,300 jobs globally and reduce management layers as Uber seeks to streamline its operations and redirect resources towards its core businesses, including ride-hailing, delivery and autonomous vehicles and robotaxis.
The restructuring was announced by Uber Chief Executive Officer, Dara Khosrowshahi, who said the company’s rapid growth had resulted in more layers of management, greater coordination and fragmented ownership.
