MTN Invested ₦3.5 Billion in Social Impact Projects in 2024 – Official

MTN Nigeria invested ₦3.5 billion in Corporate Social Investment (CSI) initiatives in 2024, raising its total social investment to ₦31.9 billion since inception. This was revealed by the company’s Chief Sustainability Officer, Tobechukwu Okigbo, during the “Facts Behind the Sustainability Report” event held at the Nigerian Exchange Limited (NGX) in Lagos on May 8, 2025.

According to Okigbo, the 2024 initiatives positively impacted over 663,000 individuals, supported 628 small businesses, and improved educational resources in 62 schools across the country. To deepen employee engagement in sustainability, MTN launched the “Sustainability in Action, Value for Everyone” (SAVE) campaign.

On the environmental front, MTN achieved an 11% reduction in Scope 1 and 2 carbon emissions from its 2021 baseline, cutting emissions from 113,826 to 101,300 tonnes of CO₂ equivalent. The company also scaled up its renewable energy footprint by deploying 194 solar-powered rural telephony sites and pioneered eco-friendly SIM cards, becoming the first telecom firm in West Africa to do so.

MTN’s commitment to gender empowerment was reflected in the Yellowpreneur program, which offered low-interest loans to over 600,000 women. Female representation in the company also rose to 41.4% in 2024, up from 38.7% in the previous year. Broadband coverage expanded to 90.1%, enhancing digital access nationwide.

In terms of financial contribution, MTN paid over ₦764.2 billion in taxes, levies, and duties to the Nigerian government in 2024. The company’s service revenue rose by 35% to ₦3.33 trillion, while data revenue increased by 49.1% to ₦1.59 trillion. Mobile subscribers reached 80.9 million, and data users grew to 47.7 million.

MTN also saw improvements in its sustainability ratings, earning a ‘B-’ from the Carbon Disclosure Project for Climate Change, a ‘C’ for Water Security, and boosting its ESG sustainability score to 3.6 out of 4.0. Additionally, it achieved a Reputation Index score of 79%, surpassing its 75% benchmark.

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