MTN Nigeria Marks 25 Years with ₦5.20 Trillion Revenue

MTN Nigeria, celebrating 25 years since its establishment, announced a revenue of $3.62 billion (₦5.20 trillion) and a profit of $773 million (₦1.11 trillion) for the year 2025. The company, a subsidiary of the South African telecom group MTN, entered the Nigerian market in 2001, amidst challenges such as poor infrastructure and regulatory uncertainties.

The article discusses the historical context of Nigeria's telecommunications sector, highlighting the privatization efforts initiated under President Olusegun Obasanjo's administration in 1999. It notes the difficulties faced by investors, including the rejection of offers by major telecom companies like Vodafone.

The piece emphasizes the importance of regulatory frameworks and the lessons learned from the telecommunications revolution, which contrasts sharply with the ongoing struggles in Nigeria's power sector. The insights are drawn from an unpublished book titled "25 Defining Issues: 25 Years of Civil Rule in Nigeria (1999-2024).".