Business
MTN Pays Over N549bn Taxes, Levies To FG
A Telecom service provider, MTN Nigeria Communications Plc, has announced that it contributed N549.3bn in taxes and levies to the Federal Government.
In a release it disclosed its 2023 Sustainability Report, the company said it expanded its connectivity to 79.7 million people, achieving 92.9 per cent nationwide coverage.
“We are proud of the progress we have made so far, expanding connectivity to 79.7 million people, achieving 92.9 per cent nationwide coverage, and investing N2.6bn in corporate social investment programs that have impacted over 58,000 lives through the MTN Foundation.
“We also contributed N549.3bn in taxes and levies to the government and invested over N571.0bn in capex, up 13.2 per cent in 2023″, the telecom giant stated.
MTN Nigeria’s capital expenditure reached N571.0bn in 2023, reflecting a 13.2 per cent increase from the previous year.
It was noted that the investment was directed towards enhancing infrastructure and service delivery, reinforcing MTN’s commitment to improving customer experience and expanding digital solutions across Nigeria.
The Chief Executive Officer of MTN Nigeria, Karl Toriola, expressed pride in the company’s progress and reaffirmed its commitment to sustainability.
He also reaffirmed that MTN remains steadfast in its pursuit of excellence and is committed to continuously improving sustainability practices, while striving for an even greater impact in the communities they serve.
Corlins Walter
Business
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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