Bolt Food Pulls Plug on Nigeria Operation from Dccember

Bolt Food, online food ordering and delivery platform is pulling the plug on Nigeria operations from December this year,

The company announced its decision as a move to streamline its resources and maximise its overall efficiency.

Bolt Food was launched by Bolt in 2019 and in Nigeria in October 2021.

It is a platform which uses cars, scooters, bikes, or on foot to deliver meals and groceries and operational in over 80 cities across 19 countries as of 2023.

Since its launch in the country, Bolt Food claims it has partnered with over 10,000 restaurants, delivered over one million meals, and onboarded 23,000 agents and 12,000 merchants.

But the firm in a recent statement said that “At this time, we have made the difficult decision to discontinue our food delivery operations in Nigeria due to business reasons,”

“The decision to exit this market is necessary to streamline our resources and maximise our overall efficiency as a company. This means that our users will not be able to place Bolt Food orders through our food app after the 7th of December, 2023.”

Bolt Food’s rivals include Glovo, Chowdeck, Buyfood, and Jumia Food. Glovo recently announced that it would be collaborating with Chicken Republic to deliver food to Nigerians, making Chicken Republic terminate its affiliations with Jumia Food and Bolt Food.