Bolt’s commitment to ensuring its promise of safe, convenient and affordable service is available for everyone Bolt has reaffirmed its commitment to Nigeria, signalling that it intends to deepen its presence in the country even as rival Uber exits the market, a move that is set to reshape competition in one of Africa’s largest and most challenging ride-hailing markets.
The Estonian mobility company said Nigeria remains an important part of its long-term growth strategy and that it would continue investing in its operations, supporting driver-partners and improving services for riders. Bolt’s position comes just as Uber winds down its Nigerian operations, effective September 2, 2026, ending more than a decade of competition between two of the world’s biggest ride-hailing platforms in the country.
The contrasting decisions underscore the different strategies global mobility companies are taking toward Nigeria, where strong demand for app-based transportation is weighed against high operating costs, currency volatility, regulatory pressures, driver economics and intense competition. “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,” Teddy Appa-Dankyi, senior general manager, Bolt West Africa told BusinessDay. Bolt said it was aware of uncertainty among riders and drivers following recent developments in the industry but maintained that its strategy was focused on the long term.
“We recognise that there is understandably some uncertainty following recent developments in the industry. However, our focus remains firmly on the long term,” Appa-Dankyi said. The company said it would continue working with drivers, riders, regulators and other stakeholders to build what it described as a reliable, accessible and sustainable mobility ecosystem.