Business
MTN To Invest $1.6bn In Nigeria

A telecommunication giant in Nigeria, MTN is planning to invest the sum of $1.6billon in the nigerian market in the next three years.
The Ministry of Communication and Digital Economy, Dr Isa Partami, made this know in a statement Relations, Mrs Phil Oshodin in Abuja.
The atatement quoted the minister as commending MTN for its gesture to invest such amount in the Nigerian econmy, during a courtesy call on him by the telecommunication company.
The minister pointed out that the Federal Government was committed to provide conducive and enabling environment for all mobile telecommunications operating in the country to run their businesses without any hindrances in any part of the country.
He assured that the government was working on ensuring that telecommunications infrastructure were protected in the country.
The minister said that President Muhammadu Buhari gave security agencies the go ahead to provide security to critical telecommunications infrastructure in different locations of the country.
“I am glad to hear that you have a budget of 1.6 billion you plan to invest in Nigeria in the next three years.
“Please, try to get your priorities right. Look at the areas that are underserved and invest.
“I am happy that you also appreciated our modest efforts in addressing most of the challenges being faced by mobile Telecommunications firms in Nigeria. I believe every County has its own peculiar challenge.
“We have achieved a lot in addressing most of the challenges: issues of vandalism, Right of Way (RoW) and several others,” he stressed.
He urged all telecommunications companies operating in Nigeria to improve the quality of services in order to satisfy their customers.
Earlier, the MTN Group CEO, Mr Rob Shuter, who spoke on behalf of the team, disclosed that MTN has budgeted 1.6 billion dollars to invest in Nigeria market for the next three years.