Uber has announced the shutdown of its Nigerian operations, effective September 2, ending more than a decade of presence in the country since arriving in Lagos in 2014. This decision is part of a major global restructuring that will eliminate approximately 3,300 positions, representing about 10% of the company’s worldwide workforce. Soaring inflation, volatile currency swings, rising fuel prices, and a price war with Bolt, which launched in Nigeria in 2016, rendered operations unsustainable. Uber will also exit Uganda as part of the same move, while its operations in other Sub-Saharan African countries will continue. Uber’s help center will remain accessible until September 23 to handle final inquiries, and the company has indicated it will offer one-time goodwill payments to affected drivers.
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