The leadership of MTN Group went to Nigeria for a three-day working visit to instill their continued commitment to the socio-economic development of the country. This was Mupita’s first working visit to Nigeria since assuming office in 2020.
The delegation included MTN Group CEO, Ralph Mupita, and Group CFO Mrs. Tsholo Molefe. They will join the MTN Nigeria Chairman, Dr. Ernest Ndukwe (OFR), and MTN Nigeria CEO, Karl Toriola in meetings with select partners and key stakeholders in the country.
According to World Bank’s Nigeria Development Update Report, the Nigerian economy shrank by 1.8% by 2020 due to the global pandemic. This was its deepest decline since 1983. This decline was only reinforced by persistent reports of robbery, kidnapping, farmer-herders clashes, and insurgency in some parts of the country.
In early May, however, MTN Nigeria presented its unaudited results for the quarter ended 31 March 2021 and it stated that despite a reduction in its overall subscriber base in Q1 and a marginal decline in the active data subscribers by 71,000 to 32.5-million, data traffic is up with a 48.5% increase in usage (MB per user) and the company is very confident in its increasing momentum within the NIN/ SIM registration process.
“This visit demonstrates MTN’s continued commitment to supporting the socio-economic development of Africa’s largest economy. We look forward to hosting the Group leadership, and working with them and our other partners across the ecosystem towards delivering world-class services.”Dr. Ernest Ndukwe, MTN Nigeria Chairman
“Nigeria is one of our most important markets. We have a proud history of partnering with Nigeria and Nigerians to drive faster and more inclusive growth through digital transformation, and I look forward to this opportunity for in-person engagements with our key stakeholders to discuss the future and deepen the relationships we have built over time.”Ralph Mupita, Chief Executive Officer, MTN Group
According to Ndukwe, the visit will result in activities that will have far-reaching positive impact, the company was recently reported to be the first to acknowledge possible disruption to its services as a result of insecurity.