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MTN Nigeria said it is investing N1 trillion in capital expenditure this year on network upgrades and expansion to ensure improvement in service quality, expansion of its 4G and 5G capacity and enhanced coverage.
The Chief Executive Officer of MTN Nigeria, Karl Toriola, disclosed this yesterday while receiving the MTN Media Innovation (MIP) cohort four fellows at the company’s office in Ikoyi, Lagos.
He said the investment would improve the quality of calls and data for Nigerians.
“We are investing about N1 trillion in capital expenditure to improve the quality of service. We actually completed the majority of our radio network rollouts. We have other rollouts that we are doing,” he said.
Toriola, who also serves as Vice President of MTN’s Francophone Africa operations, said the investment would also boost the expanded infrastructure-sharing deal with Airtel Group and 9mobile, now known as T2 to cut costs and accelerate coverage in underserved regions.
He explained that the infrastructure-sharing deal would allow both operators to cut costs by using each other’s towers and fibre for nationwide network improvement.
“For 9mobile, it means they don’t have to raise $2 billion to roll out a national network. They only pay for what they use,” he explained.
Toriola linked future service expansion to supportive government policies, especially state-level decisions on right-of-way charges for fibre cables.
He added that with government support on right-of-way charges, fibre could bring gigabit-speed Internet to Nigerian homes within five to 10 years, fueling artificial intelligence and digital growth.
“The most progressive states adopt zero-rate right-of-way fees, which helps us expand faster. Fibre is critical to powering artificial intelligence and the massive data demands ahead,” he added.
He explained that with this influx of cash to power network improvements to deliver faster and more reliable connections to consumers, combined with infrastructure-sharing deals and roaming support for the telcos, MTN is positioning itself to sustain quality improvements and broaden access.
On sustainability, Toriola highlighted MTN’s commitment to gender balance, net-zero carbon emissions by 2050 and community development through its foundation.
He said one per cent of the company’s profit after tax goes to projects in health, education and women’s empowerment, while staff dedicate 21 days every year to volunteer in communities.
Toriola also stressed that Nigeria’s ICT sector’s target to contribute 21 per cent to GDP by 2027 requires stable policies, investor confidence and tariff flexibility to keep pace with rising costs.
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