Despite First-Quarter Loss of $5.9bn, Uber Expands to Three More States in Nigeria

Uber has extended its operation to three more cities in Nigeria following an official statement released on Friday. The three new cities to host the transportation company are Warri, Enugu, and Kano.

In its official statement, Uber is now available in eight states in Nigeria, including Lagos, Edo, Rivers, Oyo, and the FCT, Abuja.

“The move is intended to unlock more earning opportunities for drivers while increasing access to affordable mobility across Nigeria,” the statement read.

“I am thrilled at what this launch represents for the people and businesses in these cities and for the rest of the country at large. We believe that Uber has the potential to provide an alternative earnings opportunity that is pivotal to our efforts to contribute to economic growth in the country,” according to Uber Nigeria Country Manager, Tope Akinwumi.

“Uber plays a key role as an economic contributor across Sub Saharan Africa and has already produced thousands of sustainable economic opportunities. This is a testament to the appeal of the Uber business model, which allows drivers to maintain their independent status and provides them the flexibility to develop and expand their businesses based on their needs and time preferences.

“Uber’s technology is open and pro-choice, “We believe that Uber has the potential to enhance the existing operations of thousands of Nigeria transportation providers as well as continue to improve upon the safety, reliability, and affordability with which people move around,” Akinwumi added.

Akinwumi emphasised that Uber is committed to improving access to transportation for riders in smaller cities, with attention to affordability and safety.

There is a provision for riders and drivers during any trip through the Injury Protection provided by AXA Mansard.

meanwhile, Uber recorded a net loss of $5.9bn in the first quarter of 2022, mainly from its two Asian ride-hailing companies, Didi and Grab.

In a mail sent to staff members, Uber Chief Executive Officer, Dara Khosrowshahi said that the company would cut costs following recent feedback from investors.

“The least efficient marketing and incentive spend will be pulled back.

“We will treat hiring as a privilege and be deliberate about when and where we add headcount. We will be even more hardcore about costs across the board,” Khosrowshahi added.