A technology expert, Femi Bejide, has attributed Uber’s decision to leave Nigeria partly to intense competition from rival ride-hailing platforms, inDrive and Bolt.
Bejide, a software and solutions architect, said Uber had lost significant market share in Nigeria after failing to adapt its business model to changes in the local market, while the company’s global strategy also contributed to its decision to exit.
“Uber exited because, amongst other things, they lost market Share, brutally TKO’d by Indrive and Bolt. Full stop and full stop,” Bejide said in a LinkedIn post on Thursday.
He said Uber had fallen to the third position in Nigeria’s ride-hailing market, arguing that its model did not evolve as quickly as those of its competitors.
“They fell to a distant number 3, majorly because their model didn’t adapt as the our market evolved, in a way like indrive and Bolt are trying, in addition to a recent shift in their global strategy,” he said.
