MTN confirms further investments in Nigeria

An MTN delegation represented by Chairman of MTN Group, Mcebisi Jonas; Chairman of MTN Nigeria, Dr. Ernest Ndukwe; MTN Group CEO, Rob Shuter and MTN Nigeria CEO, Ferdi Moolman met with His Excellency President Muhammadu Buhari of Nigeria. They also met with key government officials including Honourable Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami; Governor of the Central Bank of Nigeria, Godwin Emefiele and Attorney-General and Minister of Justice Abubakar Malami.

As part of its ongoing commitment to Nigeria, MTN announced a capital investment programme of $1.6 billion (approximately N580 billion) over the next three years to strengthen and expand its network and operations in the country.

The news was shared during a statement by President Buhari, whereby he reaffirmed that the Federal Government of Nigeria is committed to providing an enabling environment for businesses to succeed. He went on to say that the government is also looking at ways to increase the level of security across critical national infrastructure, noting that it would guarantee seamless service delivery and also facilitate investments throughout the country.

The President expressed that he was pleased with MTN's support of Nigeria's digital inclusion programmes and its commitment to growing the telecommunications industry across the region.

Commenting on the news, Chairman of MTN Group Mr Mcebisi Jonas said, “We are steadfast about our investments in Nigeria, particularly over the next three years as we aim to strengthen and expand our network and systems. We are fully aligned with the strategic agenda of the Nigerian government and are committed to strengthening the digital economy of the country,” he continued.

“Financial inclusion and access to funding and digital services all become easier when our continent is powered by connectivity. The benefits of a connected continent are far reaching, making a positive impact across Africa. We ccannot achieve this goal on our own, and are working on strengthening relationships with our key partners to extend access to comprehensive and affordable solutions to all,” said Rob Shuter, MTN Group President and CEO.

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