Bolt Food to Exit Nigeria in December

Bolt is shutting down its food delivery service in Nigeria from December 7, 2023. The company announced its decision as a move to streamline its resources and maximise its overall efficiency. Bolt, which currently offers food delivery services in 16 countries and 33 cities across the world, launched Bolt Food in Nigeria in October 2021 after increased demand for food delivery services during the pandemic. Food delivery businesses in Nigeria are facing stringent macroeconomic challenges which have affected their operations.