MTN Budgets N600Bn On Infrastructure Spread

…Targets 3,000 Communities In 2022

Yemisi Izuora

About 3,000 communities would be linked to MTN services by 2022 following plan by the telecommunications giant to spend about N600 billion on Infrastructure development.

Chairman of MTN Nigeria Communications, Dr Ernest Ndukwe, while speaking on Sunday in Lagos, during the company’s 20th anniversary said the money would be spent on network infrastructure over the next three years to improve telecommunications services across the country.

MTN launched its services on August 8, 2001; connecting about 69 million people in communities across the country to date.

Ndukwe disclosed that MTN is keen to reach the underserved areas across Nigeria, disclosing, “We plan to connect approximately 1000 rural communities to our network this year with an additional 2000 communities in 2022,”.

He said the company is looking forward to building better and huge telecommunications market in Nigeria through strong collaboration with all stakeholders.

Chief Executive Officer of the company; Karl Toriola, in his remarks said 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. 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; as well as 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 Nigerian to do greater things,” the MTN chief executive said.

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. As part of the 20th anniversary celebration; MTN gave out 20 new Honda HRVS as car gifts to its subscribers from 2011 across the country.

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