Business
MTN Donates To Rivers Communities
In a bid to strengthen its corporate social responsibility profile and to enhance its commitment to the rehabilitation of the seemingly charred Niger Delta communities, MTN Nigeria has donated some infrastructural facilities to four communities in Rivers State. Some of the facilities donated include a 300KVA power transformer, a modern Town Hall building, water boreholes, as well as scholarship for 69 indigenes of the region.
The 300KVA power transformer was installed in Orogbum Community; a modern Town Hall building, donated to Eligbolo Community; water boreholes donated to Rumuolumeni and Borikiri Communities; and offered scholarship to 69 students of the state.
Wali Goodluck, MTN’s Corporate Services Executive said the “these projects are our contribution to boosting grassroots development and another way of enriching the lives of our community dwellers”. According to him, the projects are distinct, but complementary to the various projects MTN Foundations are implementing across the country in the three critical areas of health, education and economic empowerment.
He said “we will continue to implement projects like these in furtherance of our commitment to make a positive impact on the lives of our people across the country”.
Wale Brown, MTN Nigeria Community Relations Coordinator during the commissioning of the project and flag-off of the scholarship scheme, said the projects were conceived and implemented with the sole aim of making life easier for the people of the communities hosting MTN facilities.
Brown said our 30 communities in the Niger Delta region, as well as the eastern part of the country, have so far benefited from various projects aimed at tackling major social challenges confronting the communities.
They were all exclusively funded by MTN Nigeria and largely implemented by local contractors I order to empower local workforce.
The coordinator who stressed the need for the communities to collaborate with MTN in the bid to provide the service to teeming population urged the various beneficiaries to protect the projects sites in their various communities from theft and vandalism in the interest of all.
While lauding the efforts of the company, the paramount rulers in the various communities noted that the contribution of the company would significantly make life easier for the residents of the communities.
They also called on other companies operating in the state to emulate MTN and contribute their own quota to the development of their host communities.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.