Home » MTN plans to invest $ 1.5 billion to boost broadband opportunities in Nigeria

MTN plans to invest $ 1.5 billion to boost broadband opportunities in Nigeria

South African media company MTN has unveiled plans to invest 640 billion ($ 1.5 billion) to expand broadband in Nigeria over the next three years.

The chairman of MTN Group, Ralph Mupita, announced when his team arrived from Nigeria from South Africa.

Other group members are Tsholo Molefe, MTN Group Chief Financial Officer; Ernest Ndukwe, MTN President of Nigeria; and MTN Nigeria President Karl Toriola.

They met with the President of Nigeria, Muhammadu Buhari; Vice President, Yemi Osinbajo; Minister of Communications and Information Technology, Isa Pantami; Nigerian MTN plans to invest $ 1.5 billion to boost broadband access Nigeria.

Communications Commission (NCC) Executive Director, Umar Danbatta; and President of the Central Bank of Nigeria, Godwin Emefiele.

Mupita said the move aligns with their vision for 2025 to guide the digital response to Africa’s progress, adding that the benefits of modern and integrated life are what everyone needs. This will help promote digital transformation on the continent. To convert mtn airtime to cash is not easy as of now 

Their demand is in line with the Nigerian media plan, released by Isa Pantami on December 19, 2019, to increase the media coverage in the country from 45.09% currently stated to 90% by 2024- 2025.

At the meeting, Mupita also commended the Nigerian government for launching a committee recently for the Spectrum campaign to deploy 5G in the country.

Although not well-publicized, the telco can invest in other services in mobile technology, fibre optic cable, satellite technology, wireless networks such as 5G and other transceiver bases.

So far, we have examined the issue of internet rights in Nigeria, using a complaint listing 85 countries out of 85 countries with low Internet access and their prices and other serious reports.

If all goes according to plan, the investment of big telecom will go a long way to improving internet capacity in the country.

In recent years, there has been an initiative to further develop and improve internet infrastructure through government-sponsored initiatives.

Nonetheless, these problems have exacerbated these problems, from the inability to buy low energy – as many Nigerians live more than the minimum wage – to poor government planning.

Of course, Nigeria has a long way to go if 90% of the population will have fast and affordable internet access by 2025.

Zaraki Kenpachi