MTN Plans to Strengthen Its Operation in Nigeria with $1.6bn

MTN Investment in Nigeria

MTN Group declared that a whooping sum of $1.6bn will be invested to strengthen its operations and network in Nigeria.

The Group Chairman, Mr. Mcebisi Jonas made this declaration at the State House, Abuja where he was received by President Muhammadu Buhari.

Meanwhile, President Muhammadu Buhari has restated his administration’s commitment of to providing an enabling environment for businesses to succeed in Nigeria. The President emphasized that he is pleased to hear of the progress the MTN Group is making in Nigeria, especially in supporting the nations digital inclusion programs. “Your proposed projects, such as the rural telephony project, will surely complement our economic diversification and financial inclusion programs by connecting the producers based in rural areas to consumers located in our major towns and cities”. President Buhari reiterated.

Speaking further, the President said his government was 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 across the country. President Buhari also noted that Nigeria was Africa’s largest telecommunication market, and MTN’s largest market, adding: “Our hope is for operators like MTN to continue to focus on delivering quality service at reasonable prices. If we put our minds together, such win-win positions are achievable.”

In his response, the MTN Group Chairman said his visit along with top executives of the telecommunication company was to show appreciation to President Buhari, “because most of the issues we raised during your visit to South Africa have been addressed, and there is progress on the remaining ones.” He said the Group has utmost commitment to investing in Nigeria, and would commit the sum of $1.6bn from its operations in the country to strengthen its network and systems. Mr. Jonas said: “We are fully aligned with the strategic agenda of government, and are committed to strengthening the digital economy of the country.”