256 Newsroom — Uganda's Digital News Infrastructure
World

Nigeria: Uber Exit - ADC Blames Uber Exit On Tinubu's Economic Policies

Share
Nigeria: Uber Exit - ADC Blames Uber Exit On Tinubu's Economic Policies
Image · AllAfrica

What the report says

Nigeria’s opposition African Democratic Congress has blamed the reported exit of Uber from the country on President Bola Ahmed Tinubu’s economic policies, saying the move adds to a broader pattern of international companies shutting down, scaling back or leaving Nigeria. The comments were made in a statement by the party’s national publicity secretary, Bolaji Abdullahi, and were published by Leadership and distributed by AllAfrica from Abuja on 3 September 2026.

According to the report, the ADC argued that recent business departures show a widening gap between official claims of economic progress and conditions faced by companies and households. The party singled out the government’s emphasis on a small GDP improvement, saying that figure does not reflect rising hardship, job losses and worsening poverty. It also linked the problem to higher operating costs, especially fuel and energy, after subsidy removal and naira devaluation.

The article says the ADC cited earlier industry concerns, including a Manufacturers Association of Nigeria estimate that hundreds of companies have closed or become distressed, and named several multinational firms that have reduced or ended operations in Nigeria. The party used Uber’s reported exit after 12 years in the market as evidence, in its view, that the business climate has become more difficult.

More generally, the piece reflects a political dispute over Nigeria’s economy and the effects of reform. While the ADC framed its remarks as a warning about jobs and living costs, the government’s position was not detailed in the report.

Read the full report at AllAfrica →

Loading debate for this article…

Other publishers covering this story

No additional verified coverage is currently clustered with this report.

Related reporting