MTN Nigeria has revealed in a recent report that it has paid over N93.66 billion in taxes to the Federal Government of Nigeria for the fiscal year 2020. This is in line with its commitment to fulfilling its civic responsibility and stimulating economic growth and infrastructure development in the country.
In a recent interview with Arise News, the Chief Financial Officer, MTN Nigeria, Modupe Kadri, elaborated that MTN, throughout the years, has remained consistent with performing its civic responsibility. This is further evidenced by the telco’s response to the Federal Government’s call for public-private partnership on the Road Infrastructure Tax Credit (RITC) scheme, under which it has commenced the reconstruction of the Enugu-Onitsha expressway.
Explaining MTN’s decision to participate in the partnership, Kadri stated, “our Board of Directors approved participation in the Road Infrastructure Tax Credit (RITC). This was a response to the Federal Government’s drive to encourage private-public partnership in the rehabilitation of some key critical roads infrastructure.
“For us at MTN, one of the things we uphold is a civic responsibility. In as much as you are running a business that is thriving it’s only fair that you pay your share of taxes as long as the taxes are qualified within the ambit of the law.
“And so in our case, it’s more like a civic responsibility, so when the government approached us to pay taxes in advance, we complied. In 2019, we paid about N46 Billion and N96 Billion in 2020, well ahead of the statutory deadlines”.
Since its inception 20 years ago, MTN Nigeria has consistently advanced its Good Together philosophy through strategic interventions and working with the government of Nigeria.
