MTN Nigeria has announced that it has paid over ₦6.9 Trillion in taxes, levies, and duty contributions.
This figure solidifies the telecommunications giant’s position as one of the largest corporate taxpayers and fiscal partners to the Federal and State Governments, directly funding critical sectors of the economy.
The company’s role in nation-building extends beyond tax; it includes direct investments in public infrastructure, with the Enugu-Onitsha Motorway rehabilitation project under the RITC scheme progressing to 50% completion.
READ ALSO: Detty December: How Lagos IJGBs Quietly Pump ₦1.5trn Into Economy
The company’s recent financial results show service revenue grew by 57.5% to N3.7 trillion, culminating in a N750.2 billion Profit After Tax after reversing the prior year’s loss, proving its status as a consistently thriving and valuable corporate citizen.
MTN has invested over ₦32.23 billion in national priorities through its Foundation. This integrated approach to value creation ensures that the company’s financial success translates into tangible benefits for the public, including support for youth empowerment and digital literacy.
The Board’s approval of an interim dividend of N5.00 per share benefits its extensive shareholder base, which notably includes Nigerian Pension Funds representing over 10 million contributors.
Sunday Michael Ogwu is a Nigerian journalist and editor of Pinnacle Daily. He is known for his work in business and economic reporting. He has held editorial roles in prominent Nigerian media outlets, where he has focused on economic policy, financial markets, and developmental issues affecting Nigeria and Africa more broadly.
