Multinational mobile telecommunications company, MTN, has promised to invest over N600 billion in network infrastructure over the next three years to improve telecommunications services and promote long term business that will improve the economic growth of Nigeria.
The Chairman of MTN Nigeria Communications plc, Dr Ernest Ndukwe, made this known on Sunday at company’s 20th anniversary celebration held in V.I, Lagos.
Ndukwe said MTN was committed to specifically expanding its rural connectivity to reach areas that were underserved across the nation.
“We plan to connect approximately 1000 rural communities to our network this year with an additional 2000 communities in 2022,” the telecom giant Chairman said.
“MTN Nigeria will be investing over N600 billion naira in the next three years on national infrastructure networks.
“We are also committed to extend out rural infrastructure networks to areas under served and served.”
‘’We are optimistic about what the future holds for Nigeria’s digital economy and we look forward to building it together with all stakeholders.”
Also speaking at the occasion, Karl Toriola, MTN Nigeria CEO, Karl Toriola, said the company is a Nigerian entity and would continue to do things that would promote the growth of the nation’s economy, through partnerships and long-term value business.
The CEO restated the telecom company’s planned participation in the restoration and rehabilitation of the Onitsha-Enugu Expressway through the Federal Government’s Road Infrastructure Tax Credit ((RITC) Scheme.
“This is a response to government’s drive towards public-private partnership in the rehabilitation of critical road infrastructure in Nigeria,” he said.
“We’ve initiated plans for the construction of a purpose-built, state-of-the-art head office in Lagos.
“We will also be selling down 14 per cent of MTN shares to over two million Nigerian retail investors.”
He expressed appreciation to the government for its vision in liberalising the telecommunications sector and the robust framework developed by the regulators.
“We firmly believe that Nigeria’s digital journey is only just beginning and that the future is filled with promises.
“Working together, we can and will build the more prosperous and inclusive future we seek and empower even more Nigerian to do greater things,” he added.
Toriola also said MTN had initially announced it would give out 20 brand new Honda cars to 20 customers as part of the anniversary celebration.
The customers, who received the keys to the new cars yesterday, were selected from among MTN customers across the country, who bought MTN SIM cards from inception in 2001 and are still with the MTN brand.