Uber’s exit ignites fresh debate on Nigeria’s business environment

The abrupt closure of concern operations successful Nigeria by 1 of the starring ride-hailing companies, Uber, has continued to make statement astir however unfriendly the country’s concern situation has become, peculiarly to overseas businesses.

Recall that Uber precocious closed store successful Nigeria aft 12 years of operation, a improvement that took galore by astonishment and which has been attributed to an unfair and inhumane concern environment.

There is simply a content successful immoderate quarters that Uber’s exit was not unconnected with the July 30 directive by the Federal Airports Authority of Nigeria, FAAN, to airdrome managers to halt Uber and Bolt from operating commercially astatine airports nether its management, pending the finalisation of licence agreements.

The FAAN directive was followed by a deluge of complaints implicit higher airdrome transport fares, prompting the Minister of Aviation and Aerospace Development, Festus Keyamo, to intervene connected August 27.

The curate directed FAAN to code the people’s concerns, but, sadly, lone Bolt was aboriginal cleared to resume operations astatine airports.

Although it is bel...