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MTN Nigeria Eyes 12% GDP Contribution

April 24, 2025
in Business
MTN Nigeria Eyes 12% GDP Contribution
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MTN Nigeria has set the target of between seven and 12 per cent contribution to Nigeria’s gross domestic product.

The telco said it currently contributes six per cent to the GDP, adding that it is committed to empowering the next generation through digital literacy.

Chief Digital Officer at MTN Nigeria, A’isha Mumuni, while welcoming MBA students from the Massachusetts Institute of Technology (MIT) to MTN facilities in Ikoyi, Lagos. The students toured the company’s base station in Aromire and the MTN Plaza in Falomo, Lagos.

Highlighting the telco’s significant impact in the country, she said: “MTN contributes six per cent to Nigeria’s GDP, and we expect this to grow by between seven per cent and 12per cent by 2050. Digital services are the future of our organisation.”

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Sharing her insights about digital opportunities in Nigeria, The Chief Digital Officer said: “By 2075, Nigeria is projected to be the fifth-largest economy in the world, which means abundant opportunities and growth for creators across all sectors.

“Our key challenges include coverage affordability, data service affordability, and enhancing digital literacy. We’re actively working on solutions to ensure a better experience for our subscribers.”

During the session, Chief Corporate Services and Sustainability Officer (CCSSO), Tobe Okigbo, addressed questions on how the company addresses digital skills challenges.

He said: “MTN addresses these challenges through our CSR efforts, particularly with the Digital Skills for Digital Jobs campaign. We contribute one per cent of our revenue annually to the foundation to support these initiatives.”

MTN Nigeria’s continuous investment over the past two decades reflects the company’s unwavering commitment to empowering Nigerians and nurturing the next generation of global leaders.

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