Uber Exits Nigeria as Startups Face Shutdown Crisis
Uber announced its exit from Nigeria on September 2, 2026, after 12 years of operations that began with its launch in Lagos in 2014. This decision follows a review of its business amid a challenging operating environment for Nigeria's technology ecosystem.
Over the past three years, numerous startups have shut down due to various issues, including funding and regulatory challenges. Notable closures include Gigbanc, which began winding down in July 2026 after processing over ₦10 billion in payments, and Chimoney, which stopped accepting transactions on April 30, 2026.
GoLemon, a grocery delivery startup founded in 2024, shut down in July 2026 due to funding issues. Lidya, a digital lender founded in 2016, ceased operations in October 2025 after raising approximately $16.45 million.
Okra, an open-banking startup, also ceased operations in May 2025 after raising over $16 million.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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