WATCH THE VIDEO HERE The Chief Executive Officer of MTN Nigeria, Mr. Karl Toriola, has that the tech company alone is contributing 7% to Nigeria’s Gross Domestic Product (GDP). Toriola, at the TeXcellence 2024 conference, where he spoke on the telecommunications sector’s crucial role in advancing Nigeria’s digital economy. Reflecting on MTN’s significant footprint, Toriola highlighted how telecoms have been the backbone of the nation’s digital transformation. “The telecommunication sector has been a critical driver of economic growth in this country, accounting for 14% of the nation’s GDP. “MTN on its own contributes 7% to Nigeria’s GDP and its evolution into a Techco could propel the nation to unprecedented economic heights”, he said. From the groundbreaking days of GSM licensing in 2001 to the launch of 5G in 2022, Toriola said MTN has consistently been at the forefront of technological advancement. “Our biggest asset is our people—their drive and ingenuity. By fostering this and investing in our digital infrastructure, we can achieve the vision of a trillion-dollar economy,” he concluded. MTN is the largest telecommunications operator in Nigeria by subscriber number and the company as of September 2024, accounted for more than 50% of the GSM market share in the country.
MTN alone contributes 7% to Nigeria’s GDP – Karl Toriola
