Glovo drives N71 billion revenue surge in Nigeria’s food delivery market

Nigeria’s quick commerce and food delivery market is experiencing rapid growth, driven by major platforms that are generating significant revenue for local businesses. Glovo, a leading food delivery platform, has reported facilitating over N71 billion in revenue for Nigerian partners since its launch in 2021.

According to Glovo, the N71 billion revenue figure was disclosed during the Future of Commerce 2025 Summit held in Lagos. This impressive milestone underscores the platform’s data-driven impact on Nigeria’s economy. Glovo’s activities are heavily concentrated in Lagos, which accounts for about 70% of its operations nationwide. The platform now serves 11 cities across the country and has onboarded over 6,000 restaurants and retail outlets.

Chowdeck, another prominent player in Nigeria’s food delivery sector, has also recorded significant milestones. The platform recently celebrated “Amoke Oge,” a vendor led by Hajia Amoke Odukoya, for completing over 500,000 deliveries and generating an estimated N2.3 billion in revenue. Additionally, Korede Spaghetti, a vendor operating within the University of Lagos, surpassed N1 billion in sales on Chowdeck.

The growth of food delivery platforms in Nigeria is creating new economic opportunities for thousands of small businesses and entrepreneurs. Riders operating across these platforms disclosed daily earnings ranging between N15,000 and N25,000. This reflects the growing economic potential of the sector.

Glovo reported a 76% increase in gross merchandise value (GMV) in 2024, with cash transactions falling from 88% in 2021 to 39%. Beyond Glovo and Chowdeck, Nigeria’s food delivery space features other emerging players like Foodcourt, Bolt Food, HeyFood, UrbanEats, MANO, and Foodelo. These platforms are contributing to the country’s evolving quick commerce ecosystem and reshaping how consumers connect with restaurants and vendors.

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