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MTN Nigeria has paid over N3.5 trillion as levies and taxes to the Nigerian government since it first opened business 2001 in Africa’s largest economy of U.S $514 billion GDP.
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MTN is Nigeria’s largest network by profit and subscription with more than 68.5 million subscribers to account for 37.9% of the market share. The company profit after tax (PAT) grew by 45.5 percent to N298.1 as at February 2022.
According to CEO of MTN, Mr. Karl Toriola, while speaking at a recent ‘Brunch with Karl’ at Lagos Business School, over N3.4 trillion has been made on capital investment by the telco putting it ahead of its competitors.
He said over N2.5 trillion has dividends paid since inception to underscore MTN’s ability to creating values for shareholders, and enabling broad socio-economic development.
Toriola said more than 30 million Nigerians had benefited from N28 billion investments through MTN Foundation.
“MTN has been enabling broad socio-economic development by supporting financial infrastructure through over 174,500 ATMs and POS for electronic payments, while it has also created alternative payment channels to 9.4 million active customers,” the CEO of MTN told his audience.
Adding: “It has equally provided high-capacity internet for over 160 public and private universities, polytechnics and colleges.”
He said MTN has committed N28 billion, through Yello Jppe Initiative, to support a broad base of stakeholders including creating jobs for millions of Nigerians across the country.
