Get Guardian on GoogleRide-hailing company, Bolt has invested over N140 billion in Nigeria over the past decade, reaching over 14 million riders and creating 470,000 income opportunities since commencing operations in the country in 2016.
The company disclosed this as it marked 10 years of operations in Nigeria, highlighting its contribution to the growth of the country’s mobility sector, digital transportation services and employment opportunities.
According to Bolt, its operations currently cover 31 cities across Nigeria, giving it the widest geographical presence among ride-hailing platforms in the country.
The expansion, the company said, reflected its efforts to extend access to digital mobility services beyond major urban centres while responding to the growing transportation needs of Nigerians.
The N140 billion investment represented the company’s financial commitment to developing its operations in the Nigerian market, while its growing customer base and driver-partner network underscore the increasing role of technology-driven transportation services in the country’s mobility ecosystem.
Commenting on the milestone, Regional Director, Rides Operations, Africa, Bolt, Caroline Wanjihia, said the company’s decade-long presence in Nigeria had been driven by efforts to improve urban mobility and create economic opportunities through its platform.
She said the investment, growing rider base and income opportunities reflected the progress made in collaboration with driver-partners, customers and other stakeholders.
Wanjihia noted that operating in 31 cities had strengthened the company’s geographical reach and enabled it to serve more communities across the country.
She added that Bolt would continue to improve its services, strengthen partnerships and explore opportunities to contribute to Nigeria’s transportation development.
The milestone comes as technology-driven mobility platforms continue to play an increasingly significant role in Nigeria’s urban transportation market, providing alternatives to conventional transport services while opening up income-generating opportunities for vehicle owners and drivers.
However, the long-term sustainability of the sector will depend partly on operators’ ability to maintain service quality, support driver-partners and respond to changing market conditions.
Bolt said it would sustain its focus on improving the mobility experience, supporting its driver-partners and strengthening its contribution to the communities where it operates.
The company also acknowledged the contributions of its drivers, riders, employees and other stakeholders to its growth in Nigeria.
