MTN Nigeria just drop one big gist wey go make many people dey smile for business circle. The telecom giant don report profit of N1.1 trillion for the 2025 financial year. This one na serious comeback from the wahala wey dem face for 2024, and e dey show say Nigeria digital economy dey bounce back well well.
Chief Financial Officer of MTN Nigeria, Modupe Kadri, yarn the full story for Channels Television. Him break down the numbers wey make the company performance dey look “impressive.” According to Kadri, MTN achieve 22.9 percent increase for service revenue, wey reach N392.2 billion. The third quarter of the year na where the action really hot pass.
But this recovery no just happen by chance. E come from aggressive capital expenditure wey MTN pour inside the business. Kadri talk say the company investment for the sector don reach level wey nobody don see before. “We spend about N1 trillion for 2025, and this one dey far higher than wetin we invest for 2024. We go continue to invest now because we get business case to make this kind investment,” Kadri explain.
Even with this massive profit and the fact say MTN don deploy over 2,850 new network sites, the CFO still dey keep people feet for ground. Dem dey ask when customers go feel the full impact of all these billions wey dem dey invest. Kadri address the question wey many people dey ask: whether more money immediately mean better service quality.
“Telecommunications industry na capital-intensive business. Even when capital dey available, improvements for network infrastructure dey take time to show. We no fully comot from the bush yet, but the impact of all these investments go fully show with time,” Kadri talk.
For the future, MTN dey shift focus go the “unconnected” parts of Nigeria population. With total industry investment wey don pass $1 billion, the company dey target 70 percent broadband penetration rate. Dem plan to use mixture of traditional and new technologies to achieve this goal.
“The need to expand connectivity dey grow as Nigeria population dey increase. Areas wey dem dey classify as rural before need better population coverage. Our goal na to pass 2025 investment levels with the Bridge Project and ‘satellite revolution’ wey dey aim to close the rural connectivity gap,” Kadri add.
The CFO conclude say even though private investment remain important pillar for their growth, most of this massive expansion dey funded by the company own operating cash flow for now. This mean MTN dey use money wey dem dey make from their operations to fund their expansion, instead of dey borrow plenty money.
This news come as good sign for Nigeria economy, especially as other sectors dey face challenges. MTN performance show say with proper investment and strategy, companies fit overcome difficult times and bounce back stronger. E dey also show the importance of digital infrastructure for Nigeria development.
Many investors and analysts dey watch MTN closely as dem continue to expand their network and services. The company performance for 2025 go likely encourage more investment for Nigeria telecom sector, wey fit create more jobs and improve connectivity across the country.
Do you have a news tip for NNN? Please email us at editor @ nnn.ng
