MTN Nigeria Communications Plc has said it is set to participate in the restoration and refurbishment of the Enugu-Onitsha Expressway.
The company said it was responding to the Federal Government’s call for public-private partnerships in the rehabilitation of critical road infrastructure in Nigeria.
The company in a statement announcing its half-year earnings also disclosed that it was set to accelerate its 4G coverage and connect 1,000 rural communities to its network this year and an additional 2,000 communities in 2022.
The company added that it would invest over N600bn to expand broadband access across Nigeria.
MTN Nigeria’s Chief Executive Officer, Karl Toriola, said 2021 marks the 20th anniversary of MTN’s presence in Nigeria. He stated, “As we celebrate this milestone, we are pleased to announce that our board of directors has approved our participation in the Road Infrastructure Tax Credit Scheme.”
“This is in response to the government’s drive towards public-private partnerships in the rehabilitation of critical road infrastructure in Nigeria.”
“We intend to participate in the restoration and refurbishment of the Enugu-Onitsha Expressway. Conversations in this regard have already commenced, and further announcements will be made in due course.
“MTN Nigeria continues to invest in improved world-class services and its network, accelerating the expansion of our 4G coverage and providing home broadband.
“As part of our rural connectivity programme, we plan to connect approximately 1,000 rural communities to our network this year with an additional 2,000 communities in 2022.”
“We are delighted that these are translating into strong operational performance in line with the objectives of Ambition 2025.”
“In the next three years, we will invest over N600bn to expand broadband access across the country in support of the government’s broadband plan.”
MTN Nigeria made N790.3bn as service revenue in the first half of 2021, a 24.1 percent increase. Its earnings before interest, tax, depreciation, and amortization grew by 27.6 percent to N417.2bn.