Nigeria’s Ride Hailing Business Uber Left Behind – issue 150

Uber spent 12 years in Nigeria. Then it left.

But the passengers are still here. So are the drivers. So what does Uber’s exit tell us about the economics of building a ride-hailing business in Nigeria?

That question leads our new edition, featuring inDrive’s Country Manager Timothy Oladimeji. We examine why inDrive is staying, what operators are changing to survive Nigeria’s market, and the profitability question that remains unanswered.

In Their Own Words features Olu Akanmu who draws on his years across OPay, MTN, banking and other businesses to unpack what companies often get wrong about scaling in Nigeria, why local knowledge matters, and why great companies need entrepreneurs beyond the founder.

In Opportunity Watch, we follow the money Nigeria continues to lose between farm and factory, examining where weak processing capacity creates openings for businesses that can turn more of the country’s agricultural output into higher-value products.

That is what makes this week’s issue worth reading.

Perhaps the better measure of a big market is not simply how many people live in it, or even how badly they need something. It is how much viable business can be built around that demand.

Download this edition now.