MTN Nigeria remits N6.9trn tax to FG

MTN Nigeria has announced that its total tax, levies, and statutory payments to the federal and state governments have exceeded N6.9 trillion, reinforcing its position as one of the country’s most significant corporate contributors to public revenue.

The company said the cumulative figure reflects payments spanning corporate taxes, spectrum fees, regulatory charges, and other mandatory levies, underscoring the telecom sector’s critical role in Nigeria’s fiscal mobilisation amid ongoing economic reforms.

MTN’s strong tax performance is backed by improved financial results.

The firm reported a 57.5 per cent rise in service revenue to N3.7 trillion, driven by continued growth in voice, data, and digital services.

After recording a loss in the previous year, MTN posted a Profit After Tax of N750.2 billion, marking a major turnaround and reaffirming its status as one of Nigeria’s most profitable non-oil companies.

The company’s board said the earnings rebound was supported by operational efficiencies, sustained demand for telecom services, and careful cost management despite inflation and currency challenges.

MTN noted that its healthy performance has boosted tax remittances and enabled ongoing investments in network expansion and national infrastructure.

One of its key projects is the rehabilitation of the Enugu–Onitsha Expressway under the federal government’s Road Infrastructure Tax Credit scheme, which the company says is now 50 per cent complete.

The project highlights MTN’s growing role in public–private infrastructure delivery.

Shareholders are also benefiting from the company’s momentum.

Following its strong half-year results, the board approved an interim dividend of N5.00 per share.

Pension funds, which hold significant stakes on behalf of more than 10 million Nigerians, stand to gain directly from the improved returns.