SWITZERLAND, JULY 02 – Technology company, Opay, has announced that it is shutting down many of its businesses in Nigeria, including ORide, OCar, and OExpress.
According to a statement released on Thursday, the company said the move is largely due to the harsh business conditions which has affected many Nigerian companies during the government ban on commercial motorcycles, COVID-19 pandemic, and the lockdown.
“Globally, ride-sharing businesses have been severely impacted by the pandemic. But several months ago, foreseeing this issue, OPay had already taken preemptive steps to restructure our business focus away from rides. It is worthy of note that this final restructuring has minimal impact on OPay as a whole business,” the organization said.
“OPay will continue to invest in and grow in the e-commerce space, aligning its customer and business eCommerce units which will continue to operate and grow,” OPay added.
In February, the Lagos State government banned the activities of all commercial motorcycles and tricycles in six local governments.
The ban covers commercial motorcycles known as Okada, commercial tricycles known as Keke, and online-ordered motorbike services, including Opay.
Today’s Echo gathers that despite its business downturn, OPay donated 50,000 medical Face Masks to the Ogun State Hospital Management Board and 150,000 Medical Face Masks to the Lagos State Primary Health Care Board on Thursday, as parting gifts.