Amidst rising competition in the mobility hailing market in Nigeria, bike–hailing app company, Gokada, is shutting down its operations in Nigeria today, August 14, 2019. The shutdown was announced by the Chief Executive Officer (CEO), Fahim Saleh.

Saleh revealed this in a note he wrote and published on a news website yesterday, August 13, 2019. The decision to exit the market immediately was compelled by his personal experience on one of the company’s bikes in Victoria Island, Lagos.

The motorbike hailing market is still relatively new but it’s an emerging market that promises so much revenue potential to investors. Its entry barrier is high, and costly to operate.

Speaking on reasons Gokada shutdown operation in Nigeria, Saleh said... https://nairametrics.com/2019/08/14/gokada-suspends-operation-in-nigeria-two-years-after-establishment/

O'ride spoil show for them

but I heard they are out for like 12 days , to re equipt themselves

How profitable is this business sef?

mrAMG2:
How profitable is this business sef?

It is not profitable in the real sense, although they make revenue, but its cost of operation is high that's why even a company like Uber and Lyft haven't reported any profit. For more information on ride-hailing service, you can visit Nairametrics.com.

Alarinka1:


It is not profitable in the real sense, although they make revenue, but its cost of operation is high that's why even a company like Uber and Lyft haven't reported any profit. For more information on ride-hailing service, you can visit Nairametrics.com.

You’re the owner of nairametrics?

Naija is not a good place to do business

mrAMG2:


You’re the owner of nairametrics?

No, I'm one of the Business Analyst.