MTN Nigeria Triples Capex to ₦757bn Amidst Soaring Data Demand
MTN Nigeria, the preeminent telecommunications provider in the country, is embarking on a monumental infrastructure investment, more than tripling its capital expenditure (capex) to an estimated ₦757.4 billion (approximately $527.08 million) for 2025. This significant financial commitment represents the company’s largest infrastructure push in years, strategically aimed at keeping pace with Nigeria’s rapidly increasing appetite for data and high-speed broadband services. This proactive step underscores MTN’s dedication to enhancing digital connectivity across the nation, further solidifying its critical role in the dynamic African tech ecosystem.
Driving Digital Growth: MTN’s Strategic Infrastructure Push
The substantial investment for 2025 marks a sharp increase from the ₦217.6 billion (approximately $151.43 million) allocated in 2024. This accelerated spending reflects MTN Nigeria’s unwavering focus on modernizing its extensive network, expanding crucial fiber optic connectivity, and strengthening its overall digital infrastructure throughout the country. Commenting on this strategic direction, MTN Nigeria’s Chief Executive Officer, Karl Toriola, stated, “We accelerated investment in our network to improve quality of service in line with our commitment to customers and the government.” He further elaborated, “With this progress, the Board has approved an interim dividend payment, reinforcing our commitment to delivering sustainable value to shareholders.” This ambitious capital outlay is also bolstered by a notable improvement in macroeconomic conditions, with the Nigerian Naira demonstrating appreciation from ₦1,535 per dollar in December 2024 to ₦1,475 by September, providing a more stable foundation for such significant financial commitments. This resilience in the macro-environment further empowers MTN’s capacity to drive essential digital transformation.
By substantially increasing its capital expenditure, MTN Nigeria is not only preparing for the future of digital consumption but actively shaping it. This strategic outlay positions the company to deliver superior quality of service, cater to the insatiable demand for data, and maintain its leadership in Nigeria’s competitive telecommunications sector. The commitment to both infrastructural advancement and shareholder returns demonstrates MTN Nigeria’s holistic vision for sustainable growth and its vital role in Africa’s digital evolution.
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