MTN to invest $1.6bn in Nigerian operations

MTN to invest $1.6bn in Nigerian operations ,MTN to invest $1.6bn in Nigerian operations ,MTN to invest $1.6bn in Nigerian operations

By Johnbosco Agbakwuru


The MTN Group yesterday said it will invest $1.6 billion to strengthen its operations and network in Nigeria.

Meanwhile President Muhammadu Buhari has restated the commitment of his administration to providing an enabling environment for businesses to succeed in Nigeria.

The President gave the assurance when he received the Chairman, MTN Group, Mr Mcebisi Jonas, at State House, Abuja.

According to him, “I am pleased to hear of the progress you are making in Nigeria, especially in supporting our 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.”

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He said 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 noted that Nigeria was Africa’s largest telecommunications 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.”

The MTN Group Chairman said his visit along with top executives of the telecoms 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 $1.6 billion from its operations in the country to strengthen its network and systems. “We are fully aligned with the strategic agenda of government, and are committed to strengthening the digital economy of the country,” Mr Jonas said.


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