Bolt Food, after almost two years in Nigeria, is discontinuing its food delivery operations by December 7, 2023. The decision is driven by the company's aim to optimize resources and improve overall efficiency. Despite collaborating with 10,000 restaurants and facilitating over a million meal deliveries, intense market competition and economic challenges, including the recent fuel subsidy cut, have influenced this exit. While Bolt Food withdraws from the food delivery sector, other Bolt verticals, such as the ride-hailing platform, will continue operations.
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