Uber contributed an estimated ₦34 billion to Nigeria’s economy in one year, according to a new report by research firm Public First. The findings, released at the Lagos Road Mobility Summit, show the ride-hailing company’s significant impact on both drivers and consumers.
The report highlights that beyond the direct economic contribution, Uber’s flexibility allowed drivers to earn an average of 34 per cent more than they would have otherwise, with a total of ₦6.1 billion in additional earnings.
The study also found that Nigerians value the service’s safety and convenience, with 97 per cent of riders citing safety as a key reason for using the app. Additionally, riders collectively saved over 1.8 million hours and enjoyed nearly ₦500 billion in consumer surplus. The report also noted that Uber’s services contributed to Nigeria’s tourism and nighttime economies.
