MTN Nigeria has reaffirmed its status as one of the country’s biggest corporate contributors to public finance, announcing that its cumulative tax, levies, and regulatory payments have exceeded N6.9 trillion.
The milestone reflects the telecom operator’s central role in bolstering government revenue at a time when the nation continues to face fiscal pressures arising from ongoing economic reforms.
MTN’s contributions span corporate tax payments, statutory levies, spectrum fees, and other regulatory charges, placing it among Nigeria’s most consistent and substantial taxpayers. Analysts say the figure highlights the importance of the telecommunications sector in national revenue mobilization and reinforces MTN’s position as a key fiscal partner to federal and state governments.
The company’s strong tax contributions are backed by robust financial performance. MTN Nigeria’s latest earnings report shows service revenue surged by 57.5 per cent to N3.7 trillion, driven by continued expansion in data, voice, and digital services. After reversing a loss recorded in the previous year, the company posted a Profit After Tax (PAT) of N750.2 billion, signalling a major turnaround and solidifying its position as one of Nigeria’s most profitable non-oil companies.
According to the company, the rebound in earnings was supported by stronger operational efficiencies, sustained market demand, and disciplined cost and investment management amid inflationary and exchange-rate volatilities. MTN says its ability to consistently generate strong profits has not only boosted its tax remittances but also sustained its capital spending programme for national infrastructure development.
Among its flagship projects is the ongoing rehabilitation of the Enugu–Onitsha Expressway under the Federal Government’s Road Infrastructure Tax Credit (RITC) scheme. MTN confirms the project has now reached 50 per cent completion, demonstrating the company’s growing role in public–private partnerships aimed at accelerating infrastructure delivery nationwide.
Shareholders are also benefiting from the improved financial performance. Following its strong half-year results, MTN’s board approved an interim dividend of N5.00 per share. Notably, Nigerian Pension Funds—representing more than 10 million contributors—are among the company’s major shareholder blocs, meaning improved earnings translate into stronger retirement fund performance for millions of Nigerians.
