MTN Group to Invest $1.6bn to Strengthen Its Operations in Nigeria

Mobile telecoms giant, MTN Group, in an effort to improve its network and system across Nigeria has agreed to invest a sum of $1.6 billion to enhance its operations within the country.

The Chairman, MTN Group, Mcebisi Jonas stated this during his official visit to Nigeria’s President, Muhammadu Buhari along with top executives of the telecoms company at State House, Abuja, on Tuesday, January 28th, 2020.

President Buhari with Chairman MTN Group Mr Mcebisi Jonas and Minister of Communications and Digital Economy Isa Pantami as he receives in audience Chairman MTN Group in State House on Jan 28th 2020

Mcebisi Jonas said the Group has the utmost commitment to investing in Nigeria, from its operations in the country to strengthen its network and systems.

“We are fully aligned with the strategic agenda of the government, and are committed to strengthening the digital economy of the country,” he said.

The MTN Group Chairman told President Buhari that “most of the issues we raised during your visit to South Africa have been addressed, and there is progress on the remaining ones.

While receiving the team, President Buhari said partnerships between the public and private sectors remained the most viable means of bringing prosperity to the masses.

“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,” Femi Adesina, media aide to the President quoted President Buhari.

President Buhari said Nigeria is 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.”

President Buhari with L-R: Dr Kalli Zanna, MD MTN Nigeria Mr Ferdi Moolman, Chairman MTN Nigeria Mr Ernest Ndukwe, President MTN Group Mr Robb Shutter, Chairman MTN Group Mr Mcebisi Jonas, Minister of Communications and Digital Economy Isa Pantami, Chief of Staff Abba Kyari, SGF Boss Mustapha and Exec. Vice Chairman NCC Prof. Umar Danbatta as he receives in audience Chairman MTN Group in State House on Jan 28th 2020

He said the 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.

Nigeria’s attorney general drops multi-billion dollar tax dispute against MTN

The visitation comes less than 30-days after Nigeria’s attorney general dropped demand over the payment of $2 billion in tax arrears against MTN.

In various correspondence between the office of the Attorney General and MTN Nigeria in September 2018, the AGF noted that MTN should have paid approximately $2 billion in taxes relating to the importation of foreign equipment and payments to foreign suppliers since 2008.

MTN denied owing any outstanding tax, and accused AGF Abubakar Malami, of “playing games” over $2 billion tax demands

 

30 total views, 2 views today

Share this:
Share On Facebook
Share On Twitter
Share On Linkedin
Share On Pinterest

Comments are closed.