MTN Nigeria Allocates ₦864.8bn for Network Growth

MTN Nigeria invested ₦864.8 billion in network expansion during the first nine months of 2026, marking a 14.2 percent increase from ₦757.3 billion in the same period of 2025. This capital expenditure, excluding leases, reflects the company's response to rising demand for data and broadband services.

As of September 30, 2026, MTN Nigeria's customer base reached 94.7 million subscribers, with 57.2 million active data users. Chief Executive Officer Karl Toriola stated that the investment aims to enhance network capacity and coverage to meet the growing connectivity needs of customers for work, education, business, and entertainment.

A significant portion of the infrastructure program focuses on expanding fibre-to-the-home (FTTH) services, which account for about 13 percent of total data traffic. Toriola acknowledged challenges such as fibre cuts and infrastructure disruptions but affirmed the company's commitment to improving network coverage, capacity, and customer experience.