The Chief Executive Officer of MTN Nigeria, Ferdi Moolman, said on Thursday that the company had invested more than $16 billion in Nigeria over the past 15 years.
Moolman made the disclosure in the telecommunications company’s annual results for the year ended Dec. 31, 2015, which was made available to the News Agency of Nigeria (NAN) in Lagos.
It said that the company had contributed an estimated 4.5 per cent to the country’s Gross Domestic Product (GDP) within these years.
“We are proud of the fact that we are an integral part of the Nigerian economic and social fabric.
“We remain committed to the country and our top priorities are to improve network and service quality as well as data speeds for our customers. Compliance with regulatory requirements remains a focus.
“Although subscriber registration is highly complex, given the limited national identity databases and personal documentation, we remain committed to registering subscribers with the use of improved systems and processes.”
It said that in the 2015 period under review, MTN Nigeria invested $94 million in renewing its 2G licenses.
The report said that MTN also concluded the acquisition of Visafone Communications.
It said the developments, combined with the acquisition of a 4G/LTE licence and digital TV spectrum, highlighted MTN’s long term commitment to improving quality of broadband services, a national priority for the government.
The report said MTN had continued to invest in digital services, ranging from e-commerce to digital media and mobile financial and lifestyle services.
“MTN Nigeria is the largest music distributor in Africa, its investments in Mobile Money and Africa Internet Holdings provide an exciting platform for the next phase of evolution of mobile telecoms sector.
“We have put in place the operating and management structures, as well as made critical investments to ensure that we improve our competitiveness in 2016.
“MTN is an enabler of socio-economic growth in Nigeria. Our infrastructure supports critical sectors of the economy, from financial services to oil and gas as well as commerce.
“We remain committed to Nigeria and we will continue to invest in the country through our operations and the MTN Foundation,” the report quoted Moolman as saying.
It added that MTN Foundation had invested N18 billion in 550 projects and empowered more than three million people in communities across Nigeria since its inception.
It said that the foundation would continue to focus on sustainable projects in three key areas, namely health, education and economic empowerment.
The report said that MTN donated $10 million in Ebola awareness in 2015.
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