Bolt invests over N140bn in Nigeria as it marks 10 years

Ride-hailing company Bolt has invested more than N140 billion in Nigeria since launching operations in 2016, serving over 14 million riders and creating 470,000 income opportunities, the firm said while marking its 10th anniversary in the country.

Bolt currently operates in 31 cities, giving it the widest geographical reach among ride-hailing platforms in Nigeria. The expansion beyond major urban centres reflects growing demand for alternative transport options nationwide.

The company said its investment has supported the development of its operations, while the expanding rider base highlights the scale of its engagement with Nigerian consumers. The 470,000 income opportunities underscore the role of ride-hailing platforms in providing alternative livelihoods, particularly for driver-partners in the gig economy.

Caroline Wanjihia, Regional Director of Rides Operations for Africa at Bolt, said the milestone reflects the company’s focus on improving access to urban mobility and creating earning opportunities.

“Reaching 10 years in Nigeria is an important milestone for Bolt. Since we launched in 2016, our focus has been on making urban mobility more accessible while creating opportunities for people to earn through our platform,” she said.

“The investment we have made, the millions of riders we have reached and the income opportunities created reflect the progress we have made together with our driver-partners, riders and other stakeholders.”

Wanjihia added that Bolt would continue to improve its services, strengthen partnerships and respond to evolving transportation needs across the country. The company said it remains focused on enhancing the mobility experience, supporting driver-partners and contributing to the development of Nigeria’s transportation ecosystem.