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In Nigeria, the company’s main market, MTN Group has pledged to expand financial inclusion and provide rural broadband. 

The telecommunication company, which has 272 million members and operates in 19 nations, gets a lot of its money from Nigeria. 

According to MTN Group CEO Ralph Mupita, Nigeria accounts for 40% of the company’s value, and as a result, the country’s accomplishments are essential to the business’s development.

MTN Group CEO, Ralph Mupita

“As MTN Group, we are committed to supporting the business and ensuring its success goes beyond just strong operational and financial performance, but also represents success for all stakeholders. Initiatives such as extending rural broadband, driving financial inclusion from MTN Nigeria’s Payment Services Banking licence and ensuring further localisations remain critical for success and sustainability


MTN Nigeria gained mobile customers by 7.6% to 74.1 million, active data users by 13.2% to 36.8 million, and active fintech subscribers by 87.3% to 11.5 million during the current reporting period.

This week, Mupita and group chairman Mcebisi Jonas convened the board of directors and executive committee of MTN Nigeria in Johannesburg for a strategy retreat to establish the company’s strategic priorities for the following three years. 

The CEO of MTN Group emphasized the significance of Nigeria to the organization and promised that the company will expand rural broadband and continue its campaign for financial inclusion in the area.

Chairman Ernest Ndukwe and CEO Karl Toriola led the MTN delegation, and Jonas and Mupita also welcomed Ministers of Communications and Digital Technologies Khumbudzo Ntshavheni and International Relations and Cooperation Naledi Pandor for discussions. 

Muhammad Haruna Manta, the Nigerian High Commissioner to South Africa, also attended. 

As Jonas considered the importance of Nigeria, he said:

“Strong bi-national relationships between Nigeria and South Africa are critical for Africa’s progress. As MTN, we appreciate that our own progress cannot happen without the two nations building stronger and stronger ties, and providing leadership to the continent.”


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