MTN Nigeria pledges $1bn investment

MTN Nigeria plans to invest $1 billion to upgrade its mobile network (image source: file photo)

MTN Nigeria plans to invest about $1 billion in upgrading its mobile network.

The announcement was made by Brett Goschen, MTN Nigeria CEO during the company’s 10 year celebration.

Goschen said that a good investor should seize further investments in a dynamic market like the Nigerian economy.

Goschen who was represented by the company’s Executive Director of Human Resources, Amina Oyegbola said the investment expansion is part of MTN’s plan to strengthen its position as leading telecom services provider in Nigeria.

According to Goschen, MTN has paid over N700 billion in taxes and levies for their 10 year business operation in Nigeria.

Goschen said MTN staff is made up of 99% Nigerians including 2 200 permanent workers.

“We have close to 7 000 base transceiver stations located all over the country and we are still rolling out more. We have deployed one of the most expensive fibre optic (over 8,530km) and microwave infrastructure (Y’ellobahn-11,500km) in sub Saharan-Africa,” said Goschen.

“As we progress with our operations, MTN embraces a win-win ideology that stimulates economic development and a vibrant stable society. To maintain our leadership position, we would continue not only to out-invest the competition but also persist in providing innovative products and services that satisfy the aspirations of our teeming customers,” said Goschen.

David Eto


  1. This will go a long way in improving the overall competitiveness, quality and value for money of MTN’s Nigerian mobile network. Its about time.

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