MTN Nigeria has launched a N1.0 trillion Capital Expenditure (CAPEX) initiative to bolster the nation’s telecommunications infrastructure, fuelled by its stellar 2025 financial results.
MTN Nigeria
The telecom giant’s audited accounts showed a 108.9 per cent jump in EBITDA to N2.7 trillion and a 215.5 per cent surge in free cash flow to N1.2 trillion, providing the firepower for this expansive network upgrade.
MTN’s strategic plan stresses that such investments hinge on strong returns, without which the N1.0 trillion needed for maintenance and cutting-edge technologies would be unfeasible.
Early gains are evident in usage metrics, with 2025 data revenue soaring 74.5 per cent and voice revenue climbing 42.1 per cent. Active data subscribers rose 11.6 per cent to 53.2 million, reflecting surging demand for reliable internet.
CEO Karl Olutokun Toriola attributed the push to a revitalised balance sheet. “2025 marked a significant turning point in our business performance, with a return to profitability, stronger free cash flow, and the restoration of positive retained earnings and shareholders’ funds, enabling the resumption of dividend payments,” he said.
“Our balance sheet resilience – underpinned by robust operating performance, disciplined capital allocation, and reduced foreign currency exposure – supported accelerated network investment to enhance quality of service and user experience, positioning us to sustain growth and deliver attractive long-term shareholder returns,” Toriola added.
MTN frames the outlay as economic patriotism, aligning with government digital goals while creating jobs and nurturing Nigeria’s tech sector as the country’s top corporate taxpayer.
