MTN Group has reiterated its long-standing dedication to Nigeria by disclosing that it has funneled over $10 billion into the nation’s digital infrastructure since launching its services in 2001. This massive financial commitment reflects MTN’s broader role, not only as a key telecom provider but as a crucial driver of economic advancement and societal growth across Nigeria and the African continent.
The revelation came during an official visit to MTN’s Johannesburg headquarters by South Africa’s Minister of Trade, Industry, and Competition, Parks Tau. During the event, MTN Group Chairman Mcebisi Jonas underlined the critical need for stronger commercial ties between South Africa and Nigeria, especially as Africa embarks on a new chapter of regional integration and digital transformation.
A Legacy Built on Inclusive Progress
Chairman Jonas emphasized that MTN’s operations in Nigeria go far beyond business objectives. He described the company’s evolution as a powerful illustration of the possibilities that emerge when two of Africa’s largest economies collaborate. MTN Nigeria, he noted, represents South Africa’s most significant corporate investment in Nigeria, and over the past two decades, has delivered exceptional value not only to shareholders but also to millions of Nigerians.
“Since our entry into the Nigerian market in 2001, we’ve allocated more than $10 billion toward enhancing the country’s digital infrastructure,” Jonas explained. “MTN Nigeria currently connects more than 80 million people, directly employs thousands, and indirectly sustains hundreds of thousands of Nigerians through its extensive operational network.”
He further noted that MTN’s strategy in Nigeria has always centered on inclusive development. By widening access to digital tools and supporting financial inclusion, MTN has played a meaningful role in empowering individuals, growing businesses, and uplifting communities.
Navigating Economic Pressures While Deepening Commitment
Despite MTN’s robust contributions, the company continues to face notable macroeconomic obstacles in Nigeria. Jonas acknowledged the difficulties presented by currency instability, escalating inflation, and restricted access to foreign exchange. These issues, he said, have affected operations and created barriers for broader investment.
However, MTN remains steadfast in its commitment to Nigeria, viewing it as a cornerstone in the group’s African expansion. “Nigeria is not just a vital part of our business strategy—it is also central to our future,” Jonas remarked. “We plan to continue building on the solid groundwork we’ve laid.”
Technology as a Force for Social Advancement
MTN stressed that its influence extends far beyond profits. The company has worked to bridge the digital divide, encourage broader economic engagement, and support cultural understanding across regions. Through programs like the MTN Media Innovation Programme, MTN enables collaboration between media professionals from Nigeria and South Africa, aiming to build future leaders and promote cross-cultural learning.
“Our work in Nigeria has always been about more than revenue—it’s been about driving shared progress,” Jonas stated.
Upcoming Summit to Strengthen Nigeria–South Africa Economic Cooperation
Looking to the future, MTN spotlighted the upcoming South Africa–Nigeria Trade and Investment Summit set to take place later this year in Abuja. Jonas described the event as a vital platform for strengthening bilateral ties, resolving ongoing economic challenges, and encouraging reform-oriented dialogue between public and private sector players.
“This summit isn’t just about diplomacy—it’s a launchpad for real collaboration, increased market access, and practical solutions led by the private sector,” he explained, calling for meaningful, action-oriented partnerships that produce measurable outcomes.
Backing the African Continental Free Trade Area (AfCFTA) Through Digital Solutions
As a key player in the pan-African telecommunications landscape, MTN also reaffirmed its support for the African Continental Free Trade Area (AfCFTA). The company has invested significantly in seamless mobile connectivity across borders, digital payment infrastructure, and platforms that fuel entrepreneurship throughout the continent. These contributions are essential for realizing the free movement of goods, services, and people envisioned by AfCFTA.
Jonas cautioned, however, that real economic integration demands more than tariff cuts and regulatory harmonization. “True connectivity across Africa will require both digital and physical infrastructure that allows people and businesses to interact with ease across borders,” he emphasized.
MTN’s cross-border programs aim to create unified mobile services and digital financial systems that help small and medium-sized enterprises (SMEs) grow within a borderless marketplace.
Charting a Long-Term Vision for Africa’s Digital Economy
MTN’s continued investment in Nigeria and its broader focus across Africa underscore a clear strategic vision rooted in inclusive innovation, sustainable development, and regional unity. By focusing on durable infrastructure, building human capital, and driving collaborative efforts, MTN has positioned itself as a cornerstone of Africa’s technological and economic progress.
As African economies evolve, MTN is actively encouraging closer ties among governments, businesses, and communities to unlock shared prosperity. Through the forthcoming Abuja summit, its unwavering commitment to digital development, and strong advocacy for AfCFTA implementation, MTN is reinforcing its belief in Africa’s promise—and its readiness to help turn that promise into reality.
