Telecom

MTN Group commits to invest $1.6 billion in Nigeria

Wednesday, 29 January 2020 14:51
MTN Group commits to invest $1.6 billion in Nigeria

(Ecofin Agency) - Following a meeting with President Muhammadu Buhari on January 28 in Abuja, Mcebisi Jonas, President of the MTN Group, announced plans to invest $1.6 billion to improve and strengthen the operations of the company’s Nigerian subsidiary. 

Mcebisi presented the projects in which his company plans to invest in Nigeria in the long term. Welcoming the initiatives, President Buhari said: “your proposed projects, such as the rural telephony project, will surely complement our economic diversification and financial inclusion programs by connecting the producers based in rural areas to consumers located in our major towns and cities.”

According to Mcebisi Jonas, the purpose of MTN Group's visit to the President of the Federal Republic was to express the company's gratitude to Muhammadu Buhari. “Most of the issues we raised during your visit to South Africa (in October 2019, ed) have been addressed, and there is progress on the remaining ones,” Mcebisi said 

On 10 January this year, Nigeria's attorney general canceled the request for the repayment of $2 billion in taxes deemed unpaid, issued in August 2018 against MTN Nigeria. With this cancelation, the Nigerian subsidiary of the South African group has settled its latest disputes in the country.





 
Finance


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.