MTN Nigeria to Invest N600Bln in Network Infrastructure

Telecommunications giant, MTN Nigeria, says it will invest more than N600bn in network infrastructure over the next three years to improve telecommunications services across Nigeria.

Chairman, MTN Nigeria Communications, Dr Ernest Ndukwe, who spoke during the company’s 20th-anniversary celebration held on Sunday in Lagos, said the firm is also “committed to specifically expanding its rural connectivity to reach areas that were underserved” across the country.

Also speaking at the event, Chief Executive Officer of the company, Karl Toriola, restated MTN’s planned participation in the restoration and rehabilitation of the Onitsha-Enugu Expressway through the Federal Government’s Road Infrastructure Tax Credit (RITC) Scheme.

Your Friends Also Read:  Nigeria Tackles Rabbit Haemorrhagic Disease Outbreak

“This is a response to government’s drive towards public-private partnership in the rehabilitation of critical road infrastructure in Nigeria,” Toriola 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,” Toriola said.

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 Nigerians to do greater things,” the MTN chief executive said.

Your Friends Also Read:  Somalia begins military reforms following rising terrorist attacks

MTN Nigeria currently provides services in 223 cities and towns, in more than 10,000 villages and communities, in the 36 states and the Federal Capital Territory.

Leave your vote


All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.

Contact: digital@newscentral.ng

Total
0
Shares
Previous Article

Zimbabwe: Victims of Mugabe-Era Massacre to be Compensated

Next Article

Ethiopia Gets 300,000 COVID-19 Vaccines from China

Related Posts

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.