Categories: Business

MTN pays N879bn in taxes as revenue, profit surge

MTN Nigeria remitted a total of N878.7bn in taxes, levies, and duties to federal and state governments in 2025, marking a 15 per cent increase from the previous year.

The figure, disclosed in the company’s 2025 Sustainability Report, underscores the growing role of large private-sector firms in supporting Nigeria’s push to boost non-oil revenue and strengthen tax collection.

MTN’s tax contributions have risen steadily in recent years—from N543.9bn in 2023 to N764bn in 2024—reflecting a cumulative growth of about 62 per cent over the two-year period.

The increase coincided with a strong financial rebound, as the telecom giant posted a profit after tax of N1.11tn in 2025, recovering from earlier foreign exchange losses. Revenue also climbed by 54.8 per cent to N5.20tn, while operating profit surged to N2.08tn from N778.2bn.

The N878.7bn paid in 2025 covered company income tax, value-added tax, spectrum fees, import duties, levies to the Nigerian Communications Commission, and contributions under infrastructure tax credit schemes.

As part of its infrastructure commitments, MTN invested N202.8bn under the Road Infrastructure Tax Credit Scheme for the reconstruction of the Enugu-Onitsha Expressway. It also advanced work on the Rural and Urban Terrestrial Infrastructure scheme, which reached 50 per cent completion after securing an additional N23bn tax credit to expand telecom access in underserved areas.

The company further strengthened its local economic impact, with 62 per cent of its procurement spending directed to Nigerian suppliers in 2025, up from 59.6 per cent the previous year, supporting sectors such as construction, logistics, software, and power.

Operationally, MTN expanded its network to 2,087 base stations nationwide, while its subscriber base grew to 85.4 million by the third quarter of 2025. Active data users rose to 51.1 million, driven by smartphone penetration of 65.1 per cent.

During the year, the company also renewed its 800MHz spectrum licence for another 10 years, extending its validity to December 2034.

LUKMAN ABDULMALIK

Recent Posts

EPL fixtures: Arsenal face Aston Villa as Tottenham host Newcastle

Arsenal will aim to maintain their strong start to the Premier League season when they…

14 minutes ago

US-Iran war weakens OPEC+ grip on oil market as supply disruptions limit influence

Six months into the Iran war, OPEC+ is grappling with a diminished ability to influence…

39 minutes ago

2027: Atiku promises to reopen Nigeria’s land borders

Former Vice-President and African Democratic Congress presidential candidate, Atiku Abubakar, has pledged to reopen Nigeria’s…

1 hour ago

Oil prices near two-week low as Iran tensions drop

Oil prices fell on Friday, August 28, 2026, and are on track to snap a…

2 hours ago

Troops destroy terrorist hideout, kill 21 insurgents in Adamawa

At least 21 suspected Boko Haram/ISWAP fighters have been killed after Nigerian troops raided a…

2 hours ago

Spiritualist falls into coma after heartbreak

A spiritualist identified as Paa Dogo has reportedly been hospitalised at the Effia Nkwanta Regional…

4 hours ago

This website uses cookies.