Lagos: Uber has announced its immediate withdrawal from Nigeria and Uganda. The decision comes amid a global restructuring, but mainly as Uber has lost significant ground to its competitors in both countries.

According to France24.com, this move is part of a broader strategy to focus on markets where the company has a stronger foothold and can maintain profitability. Uber has faced increasing competition in Nigeria and Uganda from local ride-hailing services that have captured a significant share of the market.

The withdrawal is expected to impact both drivers and customers who have relied on Uber's services for convenience and income. Uber has stated that it will work to ensure a smooth transition for its employees and partners affected by this decision.