Uber boosts Nigeria’s economy by ₦34bn in 2023, with added benefits for safety, jobs, tourism, and flexible income, per new economic impact report
According to a newly released 2023 Economic Impact Report unveiled at the Lagos Road Mobility Summit, Uber boosts Nigeria’s economy significantly by ₦34bn.
Also read: Dangote Refinery ends fuel queues, boosts Nigerian economy
The report, conducted by Public First, reveals Uber contributed ₦34 billion to the national economy last year — driven by job creation, rider savings, and improved transport access.
The summit, hosted with the Lagos State Ministry of Transport under the theme “Reimagining an Inclusive Road Safety Strategy,” drew government officials, private sector leaders, and international experts.
Together, they explored how platforms like Uber can help shape safer, smarter, and more inclusive mobility systems in Nigeria.
Beyond the economic figures, the report offers a window into how Uber is empowering Nigerians.
Drivers earned ₦6.1 billion more compared to alternative income opportunities, with average earnings 34% higher.
The flexible work model, valued at ₦6.3 billion, helps drivers balance personal and professional responsibilities.
One driver from Abuja shared, “Uber lets me set my schedule. I take my kids to school, work during the day, and return home in time for dinner. It gives me freedom and stability.”
Safety also emerged as a key value for users. According to the data, 97% of Nigerian riders prioritise safety, 98% highlight convenience, and 96% value comfort.
Women riders particularly benefit — 78% say Uber is the safest transport option at night.
Additionally, 79% believe Uber helps prevent drink driving by offering a reliable alternative during nightlife hours.
The report also details Uber’s contribution to tourism and local economies.
In 2023, the platform added ₦930 million in value to the nightlife economy and ₦5.4 billion to tourism by improving access to restaurants, events, and attractions.
Riders also saved over 1.8 million hours — time that can be redirected to family, work, and leisure.
Uber’s General Manager for Sub-Saharan Africa, Deepesh Thomas, remarked, “Uber is more than just a ride-hailing app. It’s a catalyst for economic opportunity, safety, and growth across Nigerian communities.”
Also read: Renewed Hope Development plan boosts $1tn economy target
As the summit concluded, transport leaders and safety regulators from LASTMA, FRSC, and the World Bank’s SSATP called for stronger public-private collaboration to scale tech-driven transport solutions.
Source: Read more at thisdaylive.com
