MTN Nigeria, the largest network by market share, has announced that it paid more than N2 trillion in taxes to the Nigerian government in the last 20 years.
The organisation explained that the amount includes taxes, levies and fees paid to the Nigerian economy, adding that it “created 2.5 million jobs and contributed N2.3 trillion in taxes”.
Karl Toriola, chief executive officer, MTN Nigeria, said the 20 year journey has not been the company’s alone, adding that “Ours has been a classic case of ‘together in progress,’ and we are thankful to all Nigerians for standing by us and helping us get to this milestone.
“Indeed, anything we’ve achieved over the past 20 years is due to the support and faith of our customers – the people who sustain our network, the government and regulators who have been guides and allies in driving sector growth, all the contractors and partners who have worked by our side, and the thousands of investors who hold our stock.
“Finally, I must especially appreciate the people who helped shape our journey – MTN Nigeria’s Board of Directors and our staff, past and present; and reiterate our unwavering commitment to the advancement of this great nation, which we have humbly contributed to.”
Marking its two-decade anniversary in the country, the company said it would reconstruct the Enugu-Onitsha expressway as part of its tax remittance to the federal government and commitment to public-private partnerships.
“We intend to participate in the restoration and refurbishment of the Enugu-Onitsha Expressway”, Karl Toriola MTN Nigeria CEO, said this is part of efforts by the company to support the government and in commemoration of 20th anniversary of MTN’s presence in Nigeria.