Connect with us

Telecom

How MTN’s ESG Strategy is Helping Fuel Nigeria’s Development Goals

Published

on

L-R: Godstime Iwenekhai, Head, Issuer Regulation: Olufemi Shobanjo, Chief Executive Officer, NGX Regulation Limited; Jude Chiemeka, Chief Executive Officer, Nigerian Exchange Limited (NGX); Abubakar B. Mahmoud SAN, OON, Non-Executive Director and Chairman Social, Ethics and Sustainability Committee (SESCO), MTN Nigeria; Tobechukwu, Okigbo, Chief Corporate Services and Sustainability Officer, MTN Nigeria and Esosa Balogun, General Manager Risk and Compliance, MTN Nigeria at MTN Nigeria’s first-ever Facts About the Sustainability Report event held on May 8, 2025, at the NGX Office, Marina, Lagos Kind Regards
Kindly share this post

MTN Nigeria’s 2024 Sustainability Report has provided a compelling case for how businesses can move from profit-centric models to purpose-led impact. As one of Africa’s leading tech companies, MTN’s environmental, social, and governance (ESG) strategy is not only helping the company remain resilient and competitive but also supporting Nigeria’s broader development goals — from economic inclusion to environmental sustainability.

L-R: Godstime Iwenekhai, Head, Issuer Regulation: Olufemi Shobanjo, Chief Executive Officer, NGX Regulation Limited; Jude Chiemeka, Chief Executive Officer, Nigerian Exchange Limited (NGX); Abubakar B. Mahmoud SAN, OON, Non-Executive Director and Chairman Social, Ethics and Sustainability Committee (SESCO), MTN Nigeria; Tobechukwu, Okigbo, Chief Corporate Services and Sustainability Officer, MTN Nigeria and Esosa Balogun, General Manager Risk and Compliance, MTN Nigeria at MTN Nigeria’s first-ever Facts About the Sustainability Report event held on May 8, 2025, at the NGX Office, Marina, Lagos
Kind Regards

The report, unveiled at an exclusive “Facts Behind the Sustainability Report” session held at the Nigerian Exchange Group House in Lagos on May 8, 2025, revealed that MTN Nigeria paid a staggering ₦764.2 billion in taxes and levies in 2024. This contribution reflects the critical role that large corporations play in shoring up public finances and enabling infrastructural growth.

This fiscal commitment is only one part of MTN’s wider development agenda. The company also spent ₦3.5 billion on Corporate Social Investment initiatives in 2024 alone, directly impacting over 663,300 Nigerians. These efforts span across health, education, youth empowerment, and community development. Programs like the “What Can We Do Together” campaign, the MTN Foundation’s Anti-Substance Abuse Program (ASAP), and its ICT and Business Skills initiatives have reached underserved communities and supported Nigeria’s youth, a critical demographic in Africa’s most populous nation.

“Beyond connectivity, we see ourselves as a partner in development,” said Tobe Okigbo, MTN’s Chief Corporate Services and Sustainability Officer, during the event. “Every naira we spend on sustainability is an investment in the future of Nigeria.”

On the environmental front, MTN’s sustainability efforts are beginning to show real, measurable outcomes. The company achieved an 11% reduction in its Scope 1 and 2 emissions compared to its 2021 baseline. This is in line with the global climate agenda and Nigeria’s commitment to reach net-zero emissions by 2060. MTN is also implementing energy-efficient practices across its network infrastructure, including investments in hybrid energy solutions and modernising its facilities for lower energy consumption.

On the social side, MTN Nigeria invested ₦3.5 billion in Corporate Social Investment (CSI) initiatives, directly impacting over 663,300 lives across education, youth empowerment, and health. The company has also been deliberate with its promotion of gender inclusion, with female representation in its workforce rising to 41.4%. More than 59.6% of its annual spend was directed to local suppliers, underscoring its commitment to empowering small and medium-sized enterprises (SMEs). These numbers reflect a business deeply invested in the prosperity of its people and communities, a cornerstone of Nigeria’s development aspirations.

In governance, MTN Nigeria’s report is a model of transparency and international best practices. The company is one of the early adopters of the IFRS S1 and S2 standards by ISSB — global frameworks that guide sustainability-related financial disclosures. The 2024 report is the second released under these standards, signalling MTN’s readiness for a future where sustainability reporting is a regulatory requirement and not just a voluntary action.

The event also featured remarks from key stakeholders, including the Nigerian Exchange Group, NGX Regulation Limited— all underscoring MTN’s leadership in fostering a responsible corporate culture.

What sets MTN’s strategy apart is its integrated approach: sustainability is not an add-on, but embedded into operations, governance, and decision-making. The company’s Social, Ethics, and Sustainability Committee (SESCO), led by Abubakar B. Mahmoud SAN, OON, ensures ESG targets are aligned with corporate strategy, monitored consistently, and championed at the highest levels.

MTN’s efforts feed directly into the United Nations Sustainable Development Goals (SDGs), particularly SDG 4 (Quality Education), SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation and Infrastructure), and SDG 13 (Climate Action). As Nigeria continues its journey toward sustainable economic recovery, partnerships between government, regulators, and responsible private sector players like MTN will be crucial.

By setting the pace in sustainability disclosures and delivering real-world impact, MTN Nigeria is proving that ESG isn’t just good ethics — it’s good business, and a viable model for other companies aiming to contribute meaningfully to Nigeria’s development story.


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

Reps Approve NCC’s N479.508Bn Budget for 2026

Published

on

Kindly share this post

House of Representatives, during Tuesday’s plenary, approved the sum of N479.508 billion budget for the Nigerian Communications Commission (NCC) for the 2026 fiscal year.

Reps Approve NCC’s N479.508Bn Budget for 2026

The resolution was passed after the clause-by-clause consideration of the report at the Committee of Supply.

While giving synopsis of the report,  Peter Akpatason, chairman, House Committee on Communications, explained that the total sum of N479,508,260,000 is to be issued from the Statutory Revenue Fund of the Nigerian Communications Commission.

Out of the issued sum, N124,440,652,000 is meant for Recurrent Expenditure; N26,779,045,000 is for Capital Expenditure; N32,011,492,000 is for Special Projects, while the sum of N20 billion is for Transfer to Universal Service Provision Fund (USPF), N276,277,071,000 is for Transfer to Federal Government for the financial year ending 31st December, 2026.


Kindly share this post
Continue Reading

Telecom

NCAN Commends NCC for Mandating Telcos to  Compensate Subscribers for Poor Services

Published

on

Kindly share this post

National Consumers Advocacy Network (NCAN), a  consumer advocacy group focused on protecting the rights of consumers, has commended the Nigerian Communications Commission (NCC),for introducing a policy compelling telecom operators to compensate subscribers for poor network service.

NCAN Commends NCC for Mandating Telcos to  Compensate Subscribers for Poor Services

In a statement issued on Tuesday and signed by Dr Tobi Olanrewaju, its president, the group described the directive as a bold and consumer-focused intervention.

The group noted that the move, which has already seen major telecom operators begin compensating subscribers with airtime credits, marks a shift from what it described as regulatory leniency to measurable accountability.

“For years, Nigerian telecom subscribers have endured suboptimal service quality with little or no consequence for operators,” the statement read.

“What we are witnessing under Dr Aminu Maida is a clear assertion that regulatory oversight must translate into tangible benefits for consumers. This is not merely about compensation; it is about restoring trust in the system.”

According to Olanrewaju, the policy’s provision for automatic compensation without requiring subscribers to lodge complaints demonstrates a strong understanding of the challenges faced by many Nigerians.

“This intervention acknowledges a fundamental principle that the burden of service failure should not rest on the consumer,” he said.

He added that linking compensation directly to actual service disruptions at the local level sets a new standard in regulatory practice.

The group also praised the Commission’s decision to monitor service quality at the Local Government Area level, describing it as a step towards capturing real user experiences rather than relying on general national data.

Olanrewaju further commended the Commission’s simultaneous push for telecom operators to invest in network upgrades, noting that the approach addresses both immediate and long-term concerns.

“While consumers receive immediate value for past deficiencies, the root causes of poor service are being systematically addressed,” he said.

The advocacy group urged telecom operators to embrace the directive as an opportunity to rebuild consumer trust and improve service delivery.

It also called on other regulatory agencies to adopt similar people-centred approaches in tackling systemic challenges across sectors.

“Dr Maida has demonstrated that regulation, when properly executed, can serve as a powerful tool for social and economic justice,” Olanrewaju added.

The group reaffirmed its support for the Commission’s ongoing reforms and called for sustained collaboration between regulators, operators, and consumers.

It added that the true success of the policy would be measured by lasting improvements in network performance across the country.


Kindly share this post
Continue Reading

Telecom

Telcos Recover N2 Trillion following Crackdown on Indebted Subscribers

Published

on

Kindly share this post

Telecommunications operators in Nigeria have reportedly recovered over N2 trillion from subscribers in a sweeping debt recovery campaign that has left millions unable to make calls due to unpaid airtime and data loans.

Telcos Recover N2 Trillion following Crackdown on Indebted Subscribers

The aggressive enforcement follows new compliance requirements introduced by the Federal Competition and Consumer Protection Commission (FCCPC), which telecom operators reportedly failed to meet, according to The News Chronicle.

This led to the suspension of airtime and data lending services and triggered a nationwide push to recover outstanding debts.

As part of the measures, indebted subscribers have had their lines restricted from making calls until their loans are fully repaid.

The move has disrupted daily life across Nigeria, particularly for small business owners and workers who depend heavily on mobile connectivity.

The lending service, valued at over N400 billion annually, has long served as a financial lifeline for many Nigerians, especially those without access to formal credit systems.

However, its sudden suspension has forced users to seek alternative means to clear their debts or abandon their lines altogether.

Meanwhile, a legal dispute involving Nairtime Nigeria Limited has added another layer of complexity.

A Federal High Court in Abuja recently ordered MTN Nigeria and Airtel Nigeria to maintain access to key telecom infrastructure, including USSD and SMS services linked to the platform.

Despite the court’s interim injunction, lending services tied to the platform remain unavailable, indicating ongoing tensions between telecom providers, regulators, and fintech firms.

Industry stakeholders warn that the disruption highlights deeper challenges within Nigeria’s digital economy, where telecom infrastructure increasingly supports financial services.

Millions of users who rely on airtime and data borrowing remain disconnected, caught between regulatory policies, corporate disputes, and the need for affordable communication.

As pressure mounts, both regulators and telecom operators are expected to seek a resolution that balances consumer protection with uninterrupted access to essential digital services.


Kindly share this post
Continue Reading

Trending