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Nigeria’s $1trn Push: MTN Pledges Heavy CAPEX Investment

MTN Nigeria has committed to significant capital expenditure (CAPEX) for 2026 to catalyse the Federal Government’s $1 trillion economy ambition.

Nigeria’s $1trn Push: MTN Pledges Heavy CAPEX Investment

MTN Group President and CEO, Ralph Mupita; MTN Nigeria’s CEO, Karl Toriola and Chief Corporate Services & Sustainability Officer, Tobe Okigbo, formed a part of the executive delegation to the Hon. Minister, Communications and Digital Economy, Dr. Bosun Tijani, recently

The pledge came during a high-level strategic engagement between MTN Group leadership and Honourable Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani.

MTN Group President and CEO Ralph Mupita led the delegation, including MTN Nigeria CEO Karl Toriola and Chief Corporate Services & Sustainability Officer Tobe Okigbo.

Speaking to newsmen, Mupita said the investment aims to drastically enhance network capacity and service quality.

He emphasised robust digital infrastructure as vital for Nigeria’s economic targets, enabling large-scale innovation and industrial growth across sectors.

Mupita informed the Minister that recent spectrum-trade approvals and 2025 tariff adjustments created investment stability.

These reforms bolstered industry sustainability, allowing MTN to prioritise Nigeria for expansion and long-term value.

Honourable Minister Tijani lauded MTN’s consistency but tied government support to measurable impact.

He reaffirmed no compromise on standards for reliable, consistent service to citizens.

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Frank
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Franklin Ugo Ndibe is a seasoned Nigerian journalist and media professional renowned for his incisive reporting and editorial leadership in the information and communications technology (ICT) sector.

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