MTN Nigeria Boosts Tax Contribution to N549.3bn, Expands Network Nationwide

MTN Nigeria Communications Plc has announced a significant contribution of N549.3 billion in taxes and levies to the Nigerian government for the year 2023.

This milestone, detailed in the company’s 2023 Sustainability Report filed with the Nigeria Exchange Limited, underscores MTN Nigeria’s role as a key player in the nation’s economic and technological advancement.

The report highlights MTN Nigeria’s expansive growth in connectivity, reaching 79.7 million people and achieving a remarkable 92.9 percent nationwide coverage.

This expansion is part of the company’s ongoing efforts to bridge the digital divide and enhance communication infrastructure across Nigeria.

“We are proud of the progress we have made so far, expanding connectivity to 79.7 million people, achieving 92.9 percent nationwide coverage, and investing N2.6 billion in corporate social investment programs that have impacted over 58,000 lives through the MTN Foundation,” the telecom giant stated.

In addition to its tax contributions, MTN Nigeria’s capital expenditure rose to N571.0 billion in 2023, reflecting a 13.2 percent increase from the previous year.

This substantial investment was directed towards enhancing infrastructure and service delivery, reinforcing MTN’s commitment to improving customer experience and expanding digital solutions across the country.

Karl Toriola, the Chief Executive Officer of MTN Nigeria, expressed pride in the company’s progress and reaffirmed its commitment to sustainability and community impact.

“We remain steadfast in our pursuit of excellence and committed to continuously improving our sustainability practices while striving for an even greater impact in the communities we serve,” he said.

MTN Nigeria’s comprehensive approach to sustainability and growth is evident in its corporate social investment programs.

The MTN Foundation, which received N2.6 billion in funding, has positively affected over 58,000 lives through various initiatives aimed at education, health, and economic empowerment.