MTN paid N549bn taxes, levies to FG in 2023

Onwubuke Melvin
Onwubuke Melvin

MTN Nigeria Communications Plc has revealed that it paid N549.3 billion in taxes and levies to the Nigerian government.

This was disclosed in the company’s 2023 Sustainability Report filed with the Nigeria Exchange Limited.

According to the report, MTN Nigeria increased its connectivity to 79.7 million people, achieving 92.9% countrywide coverage.

“We are proud of the progress we have made so far, expanding connectivity to 79.7 million people, achieving 92.9 per cent nationwide coverage, and investing N2.6bn in corporate social investment programs that have impacted over 58,000 lives through the MTN Foundation.

“We also contributed N549.3bn in taxes and levies to the government and invested over N571.0bn in capex, up 13.2 per cent in 2023,” the telecom giant stated.

MTN Nigeria’s capital spending was N571.0 billion in 2023, a 13.2 percent increase over the prior year.

It was stated that the investment was made to improve infrastructure and service delivery, underscoring MTN’s commitment to improving customer experience and expanding digital solutions throughout Nigeria.

The Chief Executive Officer of MTN Nigeria, Karl Toriola expressed satisfaction with the company’s success and reaffirmed its commitment to sustainability.

“We remain steadfast in our pursuit of excellence and committed to continuously improving our sustainability practices while striving for an even greater impact in the communities we serve,” he said.

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