MTN pledges US$1.6 billion investment for Nigeria

MTN pledges US$1.6 billion investment for Nigeria

MTN is planning to invest US$1.6 billion into its Nigerian unit across the next three years.

The pan-African operator group’s President and CEO Rob Shuter pledged the investment in a discussion with Nigeria’s Minister of Communications and Digital Economy, Isa Pantami.

“Financial inclusion and access to funding and digital services all become easier when our continent is powered by connectivity. The benefits of a connected continent are far reaching, making a positive impact across Africa”, said Shuter.

Earlier this month MTN Nigeria was absolved of a US$2 billion tax bill by the country’s attorney general, bringing a long-running standoff between the two parties to a close. MTN is retracting its legal challenge against the fine and will work with the authorities to resolve the case.