‘A critical player within Nigeria’s economy’ — BHM congratulates MTN Nigeria on 20th anniversary

BlackHouse Media (BHM), Lagos-based reputation management and marketing communications firm, has congratulated MTN Nigeria on the celebration of its 20th anniversary.

Ayeni Adekunle, BHM’s founder and chief executive officer, in a statement, said MTN Nigeria has been a critical player within the Nigerian economy, and contributed immensely to the country’s economic growth since it commenced operations in 2001.

“On behalf of the staff, management and board of BlackHouse Media (BHM), we congratulate MTN Nigeria as it celebrates its 20th anniversary and are grateful for the company’s contributions to the development and advancement of the Nigeria project,” Adekunle said.

“We are grateful for MTN’s support towards critical aspects of the national infrastructure and ecosystem, and for the efforts at empowering the most vulnerable digitally, financially, medically, and educationally.”

MTN Nigeria, the largest network by market share, said it paid more than N2 trillion in taxes to the Nigerian government in the last 20 years.

The telco giant said it had also “created 2.5 million jobs and contributed N2.3 trillion in taxes.”

To commemorate its two-decade anniversary in the country, the company said it would reconstruct the Enugu-Onitsha expressway as part of its tax remittance to the federal government and commitment to public-private partnerships.

In its unaudited results for the half-year ended June 30, 2021, Karl Toriola, CEO of MTN Nigeria, said the company would invest N640 billion to expand broadband access across the country, in line with the federal government’s 2020-2025 national broadband plan.

TheCable had reported that MTN Nigeria lost lost 7.6 million mobile subscribers in the first half of 2021 due to regulatory restrictions on new SIM sales and activations.