MTN Nigeria Communication Plc mentioned it paid the sum of N764.2 billion in taxes and levies to the Nigerian authorities in 2024.
This exhibits a 40.5% enhance in funds in comparison with the N543.9 billion the corporate paid in 2023.
The corporate disclosed this in its 2024 sustainability report simply launched, which highlights its Environmental, Social, and Governance (ESG) practices.
As well as, MTN mentioned it was in a position to develop its community protection to cowl 93% of the nation’s panorama.
Commenting on the report, which is the second version, MTN Nigeria’s CEO, Karl Toriola, mentioned MTN was one of many early adopters of the Worldwide {Financial} Reporting Sustainability Disclosure Requirements (IFRS S1 and S2), forward of the necessary date set by the {Financial} Reporting Council of Nigeria.
“From increasing our community footprint to realize 93% protection to lowering our Scope 1 and a couple of emissions by 11% in comparison with the 2021 baseline, we’re making tangible progress.
“Now we have elevated feminine illustration in our workforce to 41.4%, empowered native companies by directing 59.6% of our spend to native suppliers within the yr, contributed N764 billion in taxes and levies to assist nationwide improvement, and invested N3.5 billion in Company Social Funding initiatives, positively impacting over 663,300 lives.
“These efforts replicate our unwavering dedication to long-term worth creation and constructing a extra related, sustainable future,” Toriola acknowledged.
The MTN boss additionally disclosed that the corporate diminished its Scope 1 and a couple of emissions by 11.0%, reducing emissions from 113,826 tCO e (its 2021 2 baseline) to 101,300 tCO e – a 2.6% enhance from the two earlier yr.
He mentioned the corporate additionally expanded its renewable power adoption by including 194 solar-powered rural telephony websites and have become the primary telecommunications organisation in West Africa to launch eco-friendly SIM playing cards.
“Since its launch in September 2015, this initiative has reworked lives and contributed to grassroot improvement throughout Nigeria,” Okigbo added.
MTN Nigeria launched its Q1 2025 exhibiting improved efficiency regardless of the challenges within the working surroundings.
After a number of quarters of losses occasioned by foreign exchange disaster and the rising inflation within the nation, the corporate was in a position to bounce again to profitability within the quarter, because of a current 50% tariff increment accepted by the Nigerian Communications Fee.
