Just one month after Uber exited Nigeria, global mobility company Moove has announced the end of its operations in the country, six years after it began business in Nigeria.
Moove announced the decision on Thursday, saying eligible customers will take full ownership of their vehicles from October 1, 2026, without making any further payment to the company for the vehicles.
The company said eligible vehicles worth approximately N35 billion would be transferred into the full ownership of the customers who operate them.
Speaking on the decision, Moove Co-Founder, Co-CEO and Advisory Board Chairman, Ladi Delano, said Nigeria remained at the heart of the company’s history and growth.
“Nigeria is where Moove began, and everything we have built since carries something of Lagos with it,” Delano said.
He said he and co-founder Jide started Moove to give mobility entrepreneurs access to vehicles and financing, which they had previously struggled to obtain.
According to Delano, more than 9,000 customers have used Moove’s Drive-to-Own and rental products in Nigeria, generating approximately N57 billion in revenue through Moove-financed vehicles.
“This is an emotional moment for us. Nigeria gave Moove its beginning, its first customers and many of the people who built the foundations of our company. As we conclude our operations, we want our actions to reflect our gratitude,” he said.
Delano said the transfer of the eligible vehicles to customers was part of the company’s effort to recognise their contribution as it concludes its Nigerian operations.
“To our Nigerian team, thank you. Your commitment, resourcefulness and belief in the mission carried Moove through its earliest and most important years. You turned an idea that began in Lagos into a company that now operates across 29 cities globally,” he said.
He also thanked Moove’s customers, partners, regulators and the wider community for supporting the company and helping it grow from a Nigerian startup into an international mobility business.
“Nigeria will always be where Moove started. As we continue to grow internationally, we will do everything we can to make Nigeria proud and to build a lasting global success story that never forgets where it began,” Delano said.
“Wherever Moove goes next, our story will always start in Lagos.”
