Connect with us

Telecom

5 Things to Know About the MTN RITC Scheme

Published

on

Kindly share this post

In a noteworthy move, MTN Nigeria, a leading ICT company, has restated its ambitious plans to undertake the reconstruction of the 110km Enugu-Onitsha expressway through the Road Infrastructure Tax Credit (RITC) Scheme.

This scheme grants income tax credits to companies and individuals that generously contribute funds towards the refurbishment and rehabilitation of vital road networks.

The Federal Roads Management Agency (FERMA) estimates that the economic cost incurred by traffic congestion resulting from poor roads amounts to a staggering N1.02 trillion per year in lost man-hours, while Federal Road Safety Corps (FRSC) estimates that 3,700 people lost their lives in the first ten months of 2022, and road quality is one of the top-ten causes of these accidents.

During the signing of the Companies Income Tax Executive Order No. 007, President Muhammadu Buhari expressed, “We have awarded several contracts to rehabilitate, reconstruct, and construct major arterial roads.” This is a testament to the 10-year Public Private Partnership.’’

Here’s an overview of the significant details surrounding MTN’s RITC Scheme:

  • Celebrating two decades of successful operations in Nigeria, the MTN Board of Directors made the decision to embark on the completion of the rehabilitation of the Enugu-Onitsha Expressway. This strategic endeavour aims to address the dire need for enhanced road quality, which plays a significant role in reducing accidents. According to the Federal Road Safety Corps (FRSC), an estimated 3,700 lives were lost on Nigerian roads during the first ten months of 2022, with road conditions being one of the leading causes.

  • Tobechukwu Okigbo, the Chief Corporate Services Officer (CCSO) of MTN Nigeria, highlights the company’s commitment by expressing, “Through our successful bid to reconstruct the 110-kilometer dual carriage Enugu-Onitsha expressway, we demonstrate the strength of the partnership between MTN and Nigeria. Our contribution directly benefits the government, businesses, and the people by improving connectivity—a tangible manifestation of our belief that ‘We’re good together.’ It aligns with our purpose of enabling the benefits of a modern connected life for everyone.”

  • MTN Nigeria’s investment in rehabilitating the Enugu-Onitsha expressway amounts to an impressive N202.8 billion, entitling the company to receive tax credits equivalent to this value, which can be utilized to offset future tax liabilities. Reconstruction has already commenced on this vital transportation route, and a comprehensive delivery schedule has been established, anticipating the road’s usability within 18 months.

  • By participating in the RITC Scheme, MTN Nigeria actively contributes to accelerating progress towards national development goals. This transformative initiative not only seeks to improve the lives of Nigerians by easing their daily commutes but also fosters favorable conditions for businesses of all scales.

MTN’s investment in the Enugu-Onitsha expressway reconstruction represents a significant stride towards the collective goal of a modern and connected Nigeria, laying the foundation for sustainable development and improved opportunities for all.


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

Lebara Nigeria Becomes Member of GSMA Network

Published

on

Kindly share this post

Lebara Nigeria has become a member of the Global System for Mobile Communications Association (GSMA) as it expands operations in the West African country.

Lebara Nigeria Becomes Member of GSMA Network

The membership places Lebara Nigeria within a global network of more than 1,000 mobile operators, device manufacturers, technology companies and digital service providers.

Through the GSMA, the company will have access to industry research, technical standards, policy engagement and industry initiatives.

Lebara Nigeria said the move reflects its participation in the wider telecommunications ecosystem as it develops its operations in Nigeria’s mobile market.

Nigeria’s telecommunications sector plays a central role in the country’s digital economy, with more than 170 million active mobile subscriptions supporting services such as digital payments, e-commerce, education and healthcare.

Industry analysts say participation in international bodies such as the GSMA supports knowledge sharing and the adoption of industry standards.

Lebara Nigeria said GSMA membership will support its engagement with industry developments and policy discussions in the telecommunications sector.

The company said it remains focused on operating in Nigeria’s mobile telecommunications market as demand for connectivity continues to grow.

GSM Association is the advocacy and lobbying organization for the mobile communications industry, representing more than 1,000 mobile operators as full members and a further 400 companies in the broader mobile ecosystem as associate members.


Kindly share this post
Continue Reading

Telecom

Vitel Wireless Warns Public, Says it Not Running any Investment Scheme

Published

on

Kindly share this post

Management of Vitel Wireless, mobile virtual network operator (MVNO), has distanced the company from a fraudulent scheme operating under the name: “Vitel Shares Services.”

Vitel Wireless Warns Public, Says it Not Running any Investment Scheme

In an official statement, the management clarified that Vitel Wireless is not selling shares or running any investment schemes.

They warned that the operators of “Vitel Shares Services” are using unauthorised websites, mobile applications, social media promotions, and bank accounts falsely linked to Vitel Wireless to mislead the public.

The statement reads: ​“The attention of Vitel Wireless has been drawn to a fraudulent scheme operating under the name ‘Vitel Shares Services.’

“We wish to state clearly that Vitel Wireless has no affiliation with Vitel Shares Services, or any platform claiming to offer Vitel shares, investments, or financial products through unofficial channels.

“We do not solicit investments through agents, social media, websites, apps, or third parties. Any platform claiming to offer Vitel Wireless shares or investments outside our official channels is fraudulent and should be treated as such.

“We urge the general public to remain vigilant and verify all information through official Vitel Wireless communication channels before making any payments or sharing personal data.”


Kindly share this post
Continue Reading

Telecom

Airtel Nigeria Deepens Focus on Data Usage Transparency @ Customer Forum

Published

on

Kindly share this post

Airtel Nigeria has concluded its second Customer Forum in Abuja, bringing together a large section of customers including high-volume data subscribers, 5G customers, and key stakeholders in another landmark engagement aimed at addressing concerns around data usage, transparency, and customer experience.

The forum themed “Understanding Your Data and Taking Control 2.0.” aimed to strengthen trust in Nigeria’s rapidly evolving telecommunications landscape. The session also featured inputs from representatives of the Nigerian Communications Commission (NCC).

Delivering the Keynote remarks, Dinesh Balsingh, CEO of Airtel Nigeria, who was represented by Femi Adeniran, Director, Corporate Communications and CSR, emphasised that trust remains the most valuable currency in telecommunications, and Airtel remains committed to strengthening customer confidence through transparency and continuous engagement.

He explained that discussions around data consumption have become increasingly important as digital lifestyles evolve, with smartphones, cloud services, video streaming and emerging artificial intelligence applications significantly influencing data usage patterns.

According to him, Airtel recently introduced the Airtel Data Calculator, an innovative tool designed to help customers estimate their data needs based on online activities such as multimedia streaming, video calls, social media usage, and gaming.

“The purpose of the Airtel Data Calculator is to provide greater visibility, support informed decision-making and place more information directly in the hands of customers. Because transparency should never be viewed as a compliance exercise. Transparency is good business,” he stated.

He further reassured customers that Airtel has no incentive to shortchange subscribers through inaccurate billing, forced spending or unnecessary data depletion, stressing that the company’s growth depends on customer satisfaction, loyalty and trust.

Adeniran also highlighted Airtel’s continued investments in network infrastructure, fibre capacity, digital platforms, artificial intelligence capabilities, customer service systems and workforce development, noting that these investments are aimed at improving service quality and enhancing customer experiences.

Oladokun Oye, Director, Customer Experience, Airtel Nigeria, while welcoming participants to the event, said the forum was created to provide customers with an open platform for education, engagement and problem-solving, noting that the customer remains at the centre of Airtel’s business.

“Data has become central to everyday life, powering work, education, commerce, entertainment, healthcare and countless opportunities. As data usage grows, so too does the desire for greater visibility and understanding.

Today’s conversation is part of an ongoing journey. A journey toward greater transparency. A journey toward deeper understanding. And a journey toward a better customer experience for every Airtel subscriber,” he said.

The forum also featured practical demonstrations on data consumption management, device settings, and usage habits that impact data usage. It also included an interactive session by which Airtel teams provided clarifications and offered feedback to customers.

The Abuja event follows the successful maiden edition held earlier this year in Lagos and aligns with broader industry efforts led by the Nigerian Communications Commission (NCC) to improve consumer awareness, transparency, and confidence within the telecommunications sector.


Kindly share this post
Continue Reading

Trending