Moove Follow Uber Run Commot Naija, But Dem Dash Drivers ₦35 Billion Worth Of Moto! 🚗💨
The mobility market for Naija dey do somehow right now. Barely one month after Uber pack their load comot, Moove—the vehicle financing giant—don announce say dem too dey exit the Nigerian market. But wait o, their own exit no be the normal 'lock shop and run' style; e come with massive giveaway!
The ₦35 Billion "Thank You"
Instead of seizing vehicles or auctioning them, Moove say dem dey transfer full ownership of eligible vehicles—wey worth around ₦35 billion—to their existing customers. From October 1, 2026, these drivers no need to pay Moove any shishi again for the cars. As if that one no reach, Moove say every single staff member go collect one free car as appreciation. Opor!
Co-Founder and Co-CEO, Ladi Delano, talk say the decision na to show gratitude to the Nigerian customers and staff wey support dem when the business be just ordinary idea. “Nigeria is where Moove began, and everything we have built since carries something of Lagos with it,” e explain.
From Lagos to the World (The "Serious Facts")
Make we look the numbers. Moove start for Lagos in 2020 with just 76 vehicles because Delano and Jide Odunsi see the pure shege mobility entrepreneurs dey face to get vehicle finance. Today, that small idea don turn global Unicorn. Dem recently raise $250 million Series C funding (wey make dem worth $2.1 billion) and dem now operate about 42,000 vehicles across 29 cities globally.
Before this their planned exit, over 9,000 Naija customers use their "Drive to Own" and rental products to generate a massive ₦57 billion in revenue. These are real people earning and supporting their families.
Why Everybody Dey Run?
Uber don go. Now Moove don follow. This back-to-back exit dey raise serious questions about the harsh operating conditions, commercial pressures, and how sustainable mobility business actually be for Naija right now.
Enter ProTaxi (The New Blood)
As the big boys dey leave, nature no dey allow vacuum. New player, ProTaxi, don step inside the arena to take over the e-hailing space. But for dem to survive where giants dey run, the strategy has to be completely different.
This is exactly why anybody launching into this space now must get their systems 100% right from day one. To win this market, you need rock-solid infrastructure—from a seamless rider app to highly optimized driver and administrative dashboards—that can balance cheap fares for customers with actual profitable earnings for the drivers.
The old guard might be leaving, but the floor is now wide open for new operators to test fresh approaches and solve Naija's transportation puzzle.
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