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Local Firms Compete After Uber's Exit from Nigeria

Local Firms Compete After Uber's Exit from Nigeria

The departure of Uber from Nigeria is creating opportunities for local ride-hailing companies to capture the market share left behind. Indigenous mobility firms are intensifying competition to attract drivers and passengers.

SimpliRide, a Nigerian-founded mobility technology company, is one of the local operators aiming to benefit from this shift. It operates a subscription-based model where drivers pay a platform subscription and keep 100% of their base trip fares, making costs more predictable and increasing drivers' earnings.

Alero Fregene, Country Head of SimpliRide Nigeria, stated that Uber's exit should not be seen as a decline in demand for app-based transportation but as a chance for local operators to compete on value and reliability. SimpliRide has recorded over 23,000 app downloads and is beginning monetization through its subscription model.

The competition is expected to focus on driver earnings, passenger pricing, and customer experience rather than brand loyalty.

Plus234Feed summary based on reporting from Legit.ng. Read the original report below.

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