MTN Group has disclosed that it has invested over $10 billion in Nigeria’s digital infrastructure since it entered the market in 2001, affirming its long-term commitment to Africa’s most populous country.
The announcement was made by MTN Group Chairman, Mcebisi Jonas, during a strategic meeting with South Africa’s Minister of Trade, Industry, and Competition, Parks Tau, at the company’s Johannesburg headquarters.
Jonas emphasized the need to deepen cooperation between Nigeria and South Africa, describing MTN’s growth as a powerful example of what’s possible when the two nations collaborate. “Our presence in Nigeria has never been just a commercial venture—it has always been a platform for inclusive development,” he said.
Currently, MTN Nigeria serves more than 80 million subscribers, provides direct employment to thousands, and supports hundreds of thousands more through its extended value chain.
Despite the significant investments, Jonas acknowledged Nigeria’s tough business climate, citing foreign exchange scarcity, inflation, and currency volatility as persistent challenges. Still, he reaffirmed MTN’s dedication to the country, citing its strategic importance and potential.
He also highlighted the MTN Media Innovation Programme as a tool for strengthening people-to-people ties, bringing Nigerian media professionals to South Africa for leadership and cross-cultural exchange experiences.
Looking forward, Jonas pointed to the upcoming South Africa–Nigeria Trade and Investment Summit in Abuja as a key moment for resolving bilateral challenges and advancing private sector-led collaboration.
MTN further emphasized its role in supporting the African Continental Free Trade Area (AfCFTA) through investments in cross-border digital infrastructure, including mobile connectivity and payment platforms. Jonas stressed that beyond policy, success will depend on robust digital and physical infrastructure to truly integrate African economies.