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.

Bejide added that Uber’s global downsizing had also made its Nigerian operations vulnerable to the company’s wider restructuring.

“Meaning, as Uber global downsized, Nigeria operations became fair game,” he said.

He said his team had been tracking data on the industry and would release a report on the sector.

“We have been tracking their data for a bit and in due course will release a profound industry report,” he said.

Bejide’s comments followed Uber’s announcement that it would cease operations in Nigeria and Uganda from September 2, 2026, after 12 years in the Nigerian market.

The company said the decision followed a review of its “evolving business priorities and investment focus” across Africa.

Uber, which launched in Lagos in 2014 before expanding to Abuja in 2016, said its exit from Nigeria would not affect its operations in other African markets, including Egypt, Ghana, Kenya and South Africa.

While the company did not cite competition from inDrive or Bolt as a specific reason for its Nigerian exit, Bejide argued that the changing competitive landscape was a major factor in Uber’s decline in the country.

He also described Nigeria’s market conditions as challenging, but said the country was only a small part of Uber’s global business.

“Goodbye Uber, We love you. But las las Nigeria was nothing more than a rounding error in your $60b global revenue,” he said.