MTN Nigeria Invests N1 Trillion to Improve Coverage

In a recent interview, Modup Kadri, the Chief Financial Officer of MTN Nigeria, provided an assessment of the telecommunications landscape, highlighting the company's record N1 trillion investment aimed at addressing persistent no coverage zones across Nigeria. This investment follows a substantial revenue increase, with MTN's total revenue climbing to N5.20 trillion in 2025, marking a 54.9 percent rise from the previous year.

The growth was largely driven by a 74.5 percent surge in data revenue, which reached N2.78 trillion, overtaking voice as the primary income stream. Kadri emphasized that the N1 trillion investment is crucial for improving service quality and connectivity, noting that the company has spent nearly double that amount in the past year alone.

He identified regulatory hurdles, particularly concerning right-of-way permits, as significant challenges that delay the rollout of high-quality fiber optic cable infrastructure. Kadri affirmed that MTN will continue to invest to overcome these challenges and enhance service delivery.