Moove, the Lagos-founded mobility company, is ending its operations in Nigeria six years after it started. The decision comes about a month after Uber stopped operating in the country.
What Moove Announced
The company will transfer full ownership of eligible vehicles worth about N35 billion to the customers currently driving them. Those customers will not owe Moove any further payment on the vehicles, with the arrangement counted from October 1, 2026. Moove is calling the programme “Thank You Nigeria.”
All Moove staff in Nigeria will also receive a free car, according to reports on the announcement. The company says it will work with affected customers and employees until the wind-down is complete.
Six Years in Numbers
Moove was founded in 2020 by Ladi Delano and Jide Odunsi. It began in Lagos with 76 vehicles and built a Rental and Drive-to-Own model, which let drivers use a car while working towards owning it.
According to the company, more than 9,000 customers have used these products in Nigeria. Their work generated about N57 billion in revenue through Moove-financed vehicles.
Delano said Nigeria gave the company its first customers and many of the people who built its foundations. He added that wherever the company goes next, its story will start in Lagos.
The Uber Connection
Moove’s exit follows Uber’s withdrawal from Nigeria on September 2, 2026, after 12 years. Uber had backed Moove, and drivers who financed vehicles through the company were left uncertain after that exit. Reports in September suggested Moove was weighing its own departure because of the effect on its vehicle-financing business.
Moove has not named Uber’s exit as the reason for its decision. It has framed the move as a thank you to Nigerian customers and staff.
What It Means for Drivers
For drivers on Drive-to-Own plans, the immediate result is positive. Eligible customers keep their cars without further payments to Moove. Drivers on rental plans, and anyone whose vehicle may not qualify, have not yet been told what happens next. The company has not published the eligibility criteria in the coverage reviewed.
A Warning Sign for Mobility Investment
Two major mobility players leaving within weeks of each other have raised questions about how attractive Nigeria is for ride-hailing and vehicle-financing investment. Neither company has pointed to a single cause, so the wider picture remains unclear.
Moove continues to operate in other markets, so this is a retreat from Nigeria rather than the end of the business. For Nigerian drivers, the key questions now are who qualifies for ownership and how the transfers will be completed.
