MTN Announces Plans To Invest US$1.6 Billion In Nigeria

7 February 2020


The MTN Group has announced that it plans to invest US$1.6-billion into its operations in Nigeria over the next three years.


The mobile operator’s board chairperson Mcebisi Jonas made this announcement during a recent visit with the Nigerian President Muhammadu Buhari. Jonas said that MTN is fully aligned with the strategic agenda of Nigeria’s government, and are committed to strengthening the country’s digital economy.


Buhari expressed the commitment of Nigeria’s government towards ensuring the provision of a safe environment for businesses like MTN to succeed in the country.


Nigeria’s President also shared some details of ongoing plans by the government to improve the security of telecoms installations which are regarded as critical national infrastructure.


MTN’s Group CEO, Rob Shuter, said that MTN remains fully committed to meeting its tax responsibilities and contributing to Nigeria’s social and economic development.


Nigeria remains a key market for the MTN Group and despite complaints about a ‘challenging operating environment’, MTN Nigeria’s profit rose by nearly 30% over the nine months that ended on September 30th, 2019.

Source: ITWeb Africa