Global mobility company Moove, founded in Lagos, plans to cease operations in Nigeria just one month after Uber’s exit from the market. The company disclosed the decision on Thursday, six years after launching in its home country.
Quick facts
- Moove will end its Nigerian operations after six years in the country.
- Eligible existing customers will receive full ownership of their vehicles from October 1, 2026.
- No further payment to Moove will be required for the vehicles transferred to customers.
- More than 9,000 Nigerian customers used Moove’s Drive-to-Own and rental products.
- Vehicles financed by Moove generated about N57 billion in customer revenue.
- Eligible vehicles valued at roughly N35 billion will be handed over to operators.
- Moove now operates in 29 cities internationally.
The company said qualifying customers would take complete ownership of their vehicles from October 1, 2026, with no additional vehicle payments due to Moove.
Ladi Delano, Moove’s co-founder, co-chief executive and chairman of its advisory board, said Nigeria remained central to the company’s origins and expansion. He said the business was born in Lagos and that its global development continued to carry the imprint of the city.
Delano said he and co-founder Jide established Moove to help capable and hardworking mobility entrepreneurs who lacked access to vehicles and the financing needed to earn income.
More than 9,000 customers in Nigeria have used the company’s Drive-to-Own and rental offerings, he said. Their work through Moove-financed vehicles produced an estimated N57 billion in revenue.
Delano described the withdrawal as an emotional moment, saying Nigeria provided Moove with its launch point, its earliest customers and many employees who helped build the company’s foundations.
He said the planned vehicle transfer was intended to demonstrate the company’s appreciation. Eligible vehicles with an estimated value of N35 billion will become the full property of the customers operating them, without further payments for the vehicles themselves.
Delano thanked the Nigerian workforce for its commitment, ingenuity and confidence in the company’s mission during its formative years. He said the team helped turn an idea that began in Lagos into a business operating across 29 cities worldwide.
He also thanked customers, partners, regulators and the broader community for backing a young Nigerian company as it developed into an international business.
Nigeria would always be Moove’s starting point, Delano said. As the company expands abroad, it intends to make Nigeria proud and create a lasting global success story that remains rooted in Lagos.
