MTN Nigeria Invests N3.5bn On Digital Inclusion, Environment Sustainability

MTN Nigeria Communications Plc has committed N31.9bn to Corporate Social Investment since inception.

The company did this as part of efforts to deepen environmental sustainability, digital inclusion, and socio-economic impact across the country.

For 2024 alone, Corporate Social Investment initiatives gulped N3.5bn, the company’s Chief Corporate Services and Sustainability Officer, Tobe Okigbo, has announced.

Taking the floor during the “Facts About the Sustainability Report” presentation at the Nigerian Exchange Limited in Lagos on Thursday, Okigbo said the 2024 Sustainability Report highlights the company’s commitment to creating long-term value for stakeholders.

He said MTN Nigeria Communications was embedding environmental, social, and governance practices across its operations, and that its interventions impacted over 663,300 individuals in 2024, supported 628 small businesses, and improved educational outcomes in 62 schools across the country.

“In 2024, we invested N3.5bn in Corporate Social Investment, bringing our total investment to N31.9bn since inception.

“Our efforts have made a tangible impact, benefitting over 663,300 individuals, supporting 628 small businesses, and improving educational outcomes in 62 schools across Nigeria,” he stated.

Okigbo said MTN Nigeria Communications deployed 194 new solar-powered rural telephony sites and launched West Africa’s first eco-friendly SIM cards to cut down on plastic waste.

He said it became the first Nigerian company and the first within the MTN Group to receive the Compliance Management System certification from the International Accreditation Service.

The General Manager, Risk Management at MTN Nigeria Communications Plc, Esosa Balogun, said the company paid N764.2bn in taxes, levies, and duties to the Nigerian government in the reporting year.

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The company, Balogun added became an early adopter of the International Financial Reporting Sustainability Disclosure Standards of Financial Reporting Council of Nigeria and joined the ISSB’s Transition Implementation Group and the FRC’s Adoption Readiness Working Group.

Balogun stated that MTN Nigeria’s commitment to sustainability extends beyond business operations and includes active engagement with local communities through programmes such as “What Can We Do Together?”, which enables Nigerians to propose and implement development projects within their communities.

“Through stakeholder forums, grievance mechanisms, and independent impact assessments, we maintain transparency, measure effectiveness, and ensure long-term sustainability,” he said.