Telecommunications group MTN Nigeria plans to invest N640-billion, or $1.5-billion, over the next three years to expand the country’s broadband access.
The move is in line with the Nigerian government’s 2020 to 2025 National Broadband Plan ambitions of 90 per cent broadband population coverage by 2025 and MTN Group’s Ambition 2025 strategy.
The group also plans to build a new flagship headquarters in Lagos to mark the twentieth anniversary of MTN’s operations in the country.
“Nigeria is one of our most important markets. We have a proud history of partnering with Nigeria and Nigerians to drive faster and more inclusive growth through digital transformation,” said MTN Group president and CEO Ralph Mupita following a three-day visit to Abuja and Lagos, in which he met a number of key stakeholders.
On June 17, Mupita, accompanied by MTN Group CFO Tsholo Molefe, landed in Nigeria for his first working visit since assuming office in 2020. The delegation was joined by MTN Nigeria chairperson Ernest Ndukwe and MTN Nigeria CEO Karl Toriola as they met with select partners and key stakeholders in the country.
