Lagos — MTN Nigeria has reaffirmed its dedication to sustainability and social impact, announcing a corporate social investment of N3.5 billion in 2024 alone.
Tobechukwu Okigbo, Chief Sustainability Officer at MTN Nigeria, made this known during the “Facts Behind the Sustainability Report” presentation held at the Nigerian Exchange Limited (NGX) in Lagos.
“In 2024, our Corporate Social Investment hit N3.5 billion, pushing our cumulative contribution to N31.9 billion,” Okigbo said. “This effort directly impacted more than 663,300 lives, supported 628 small businesses, and boosted educational infrastructure in 62 schools nationwide.”
As part of its 2024 strategy, MTN launched the SAVE (Sustainability in Action, Value for Everyone) campaign to enhance employee participation in sustainability initiatives.
In line with global standards, MTN also digitized its 2023 sustainability report using XBRL (eXtensible Business Reporting Language) for better accessibility to investors and analysts.
Environmentally, the company recorded an 11% reduction in Scope 1 and 2 carbon emissions, cutting levels from a 2021 baseline of 113,826 tCO²e to 101,300 tCO²e. It also expanded its renewable energy footprint with 194 new solar-powered rural telephony sites, and pioneered eco-friendly SIM cards in West Africa.
On gender inclusion, Okigbo highlighted the Yellowpreneur initiative, which has empowered around 600,000 women through accessible, low-interest loans.
“Our inclusion strategy has led to a rise in female representation in our workforce—now at 41.4%, up from 38.7% in 2023,” he added. “Digital inclusion also improved, with broadband coverage increasing to 90.1%.”
In terms of fiscal contribution, MTN paid over N764.2 billion in taxes, levies, and duties to the Nigerian government. The company also achieved a CDP ‘B-’ rating for climate change and improved its ESG GPS sustainability score to 3.6/4.0.
MTN’s service revenue grew by 35% to N3.33 billion, while data revenue jumped by 49.1% to N1.59 billion in 2024.
NGX CEO Jude Chiemeka praised MTN’s leadership in transparency, sustainability, and market accountability, while Olufemi Shobanjo, CEO of NGX Regulation Ltd., highlighted the telco’s dedication to environmental and social responsibility.
