Lagos-based mobility company Moove has announced plans to wind down its operations in Nigeria, six years after launching in the country, with eligible customers set to receive vehicles worth approximately N35 billion at no cost.
The company said the affected customers would take full ownership of the vehicles they currently operate, with no further payment to Moove required for the vehicles from October 1, 2026.
The announcement makes Moove the latest major mobility company to exit the Nigerian market, coming barely a month after e-hailing giant Uber announced the shutdown of its operations in the country.
Moove did not disclose the specific reasons for its decision to leave Nigeria, but said the country played a central role in the company’s development and international expansion.
As part of its exit arrangements, the company said it would also reward all its Nigerian employees with a free car as a gesture of appreciation for their contributions.
“As Moove concludes its Nigerian operations, eligible vehicles with an estimated total value of approximately N35 billion will pass into full ownership of the customers who currently operate them, with no payment to Moove required for the vehicles themselves from 1st October 2026,” the company said in a statement.
Moove’s Co-Founder, Co-CEO and Advisory Board Chairman, Ladi Delano, said the decision reflected the company’s appreciation for the Nigerian customers and employees who supported it from its earliest days.
