MTN Leverages Visionary Strategy, Leadership Drive For Resilience, Long-Term Value Creation

MTN Leverages Visionary Strategy, Leadership Drive For Resilience, Long-Term Value Creation

MTN Nigeria’s commanding financial reversal, which saw the company post a N750.2 billion Profit After Tax (PAT), is a testament to the resilience and visionary strategy of its Nigerian-led management team.

The company proudly highlighted its management structure, which includes over 45% female leadership, guiding the corporate vision and driving long-term value creation.

This local leadership and commitment to gender diversity are key factors in the company’s operational success and ability to navigate Nigeria’s unique macroeconomic challenges.

The CEO, Karl Toriola, emphasised that the robust outcome was driven by the delivery of “strategic and commercial initiatives, commitment to efficiency and prudent financial management.”

The success is anchored in the ‘core pillars of our Ambition Beyond 2025,’ which have led to a 57.5% increase in Service Revenue. The company’s focus on capacity and quality of experience is backed by a monumental capital investment, with Capex (excluding leases) soaring to N757.4 billion.

The company continues to invest heavily in Nigeria’s digital future, maintaining its position as the first telco to achieve over 82% 4G population coverage and the first to deploy 5G. This is part of the strategy to ensure that access to connectivity is ‘at the fingertips of every Nigerian. ‘

The growth strategy extends deep into financial inclusion through MoMo, where active wallets have expanded to 2.9 million and Fintech revenue has jumped by 72.5%.

Furthermore, the company’s vast fiscal contribution—over N6.9 Trillion paid in taxes, levies, and duties—and its investment of over N32.23 Billion in national priorities through its Foundation showcases a comprehensive commitment to Nigeria’s socioeconomic progress.