MTN Group has reaffirmed its enduring commitment to Nigeria by revealing that it has invested over $10 billion in the country’s digital infrastructure since launching operations in 2001. This substantial investment underscores the company’s role not just as a major telecommunications provider, but also as a catalyst for economic and social development in Nigeria and across Africa.
The announcement came during a high-level visit to MTN’s Johannesburg headquarters by South Africa’s Minister of Trade, Industry, and Competition, Parks Tau. During the visit, MTN Group Chairman Mcebisi Jonas highlighted the importance of fostering deeper economic ties between Nigeria and South Africa, especially at a time when the continent is on the cusp of transformative change through regional collaboration and digital integration.
MTN’s Legacy in Nigeria: A Platform for Inclusive Development
Chairman Mcebisi Jonas emphasized that MTN’s presence in Nigeria transcends commercial interests. He described the company’s journey as a clear example of what is achievable when two influential African nations work together. According to Jonas, MTN Nigeria, as the largest South African investment in the country, has created significant value over the past two decades, not only for shareholders but also for the broader Nigerian society.
“Since commencing operations in Nigeria in 2001, we have invested more than US$10 billion in the country’s digital infrastructure,” he noted. “Today, MTN Nigeria serves over 80 million subscribers, employs thousands of people directly, and supports hundreds of thousands of livelihoods across its extended value chain.”
Jonas stressed that the company’s commitment to Nigeria has always been rooted in fostering inclusive development. By expanding digital access and enabling financial inclusion, MTN has played a vital role in empowering Nigerian individuals, businesses, and communities.
Overcoming Economic Hurdles and Reaffirming Investment
Despite its extensive contributions, MTN continues to navigate a range of macroeconomic challenges within the Nigerian market. The Group Chairman acknowledged persistent hurdles such as currency depreciation, high inflation, and limited access to foreign exchange, all of which have adversely impacted operations and deterred broader investor confidence.
Nevertheless, Jonas reaffirmed MTN’s long-term dedication to Nigeria, viewing the country not only as a cornerstone of its African operations but also as a nation with untapped potential critical to the continent’s future development. “Nigeria remains a strategic market for MTN, and we are committed to building on the solid foundation we have laid here,” he said.
Driving Social Impact Through Technology and Exchange
MTN emphasized that its impact in Nigeria goes beyond financial metrics. The company has been instrumental in bridging the digital divide, fostering economic participation, and promoting cross-cultural understanding. Through initiatives such as the MTN Media Innovation Programme, the company facilitates exchanges between Nigerian media professionals and their South African counterparts, cultivating leadership capacity and mutual understanding.
“Our presence in Nigeria has never been just a commercial venture; it has always been a platform for inclusive development,” Jonas reiterated.
Boosting Nigeria–South Africa Ties with Trade Summit
Looking ahead, MTN highlighted the upcoming South Africa–Nigeria Trade and Investment Summit scheduled for later this year in Abuja as a pivotal opportunity to strengthen bilateral relations. According to Jonas, the summit aims to address long-standing economic challenges, encourage reforms, and foster deeper dialogue between institutional stakeholders from both nations.
“The Summit serves not merely as a diplomatic engagement, but as a catalyst for reciprocal market access and the advancement of private sector-led solutions,” Jonas said, underscoring the need for concrete actions that go beyond symbolic partnerships.
MTN’s Role in Advancing AfCFTA Through Digital Infrastructure
As a key pan-African operator, MTN reaffirmed its commitment to supporting the implementation of the African Continental Free Trade Area (AfCFTA). The company has invested heavily in cross-border mobile connectivity, digital payment infrastructure, and platforms that support entrepreneurship across Africa. These initiatives are essential for enabling the seamless movement of people, goods, and services as envisioned under the AfCFTA framework.
Jonas, however, warned that achieving the full promise of AfCFTA will require more than just tariff cuts and legal harmonization. “Real integration will depend on both digital and physical infrastructure that allows people and businesses to interact seamlessly across borders,” he stressed.
MTN’s cross-border initiatives include developing interoperable mobile services and digital finance systems that empower small and medium-sized enterprises (SMEs) to thrive in a borderless economic environment.
Strategic Vision and the Road Ahead
MTN’s sustained investment in Nigeria and its broader African strategy reflect a long-term vision focused on inclusive growth, innovation, and sustainable development. The company’s emphasis on building resilient infrastructure, supporting human capital, and advancing regional cooperation positions it as a key player in Africa’s digital and economic future.
As the continent continues to evolve, MTN’s leadership is pushing for more collaborative frameworks that bring together governments, private enterprises, and civil society to unlock shared prosperity. The upcoming trade summit in Abuja, the ongoing commitment to Nigeria’s digital economy, and the strong advocacy for AfCFTA implementation all signal MTN’s belief in Africa’s potential and the role that strategic investment can play in actualizing it.
