MTN Pledges Capital Investment to Support Nigeria’s $1 Trillion Economy Goal

Leading technology company, MTN Nigeria has committed to a significant capital expenditure (CAPEX) program for the 2026 fiscal year, aimed at catalysing the Federal Government’s ambition to build a $1 trillion economy.

The pledge was made during a high-level strategic engagement between the leadership of MTN Group and the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, in Abuja. MTN Group President and CEO, Ralph Mupita; MTN Nigeria’s CEO, Karl Toriola and Chief Corporate Services & Sustainability Officer, Tobe Okigbo formed a part of the executive delegation.

Ralph Mupita, who led the delegation, stated that the upcoming investment cycle is designed to drastically improve network capacity and service quality. He emphasised that for Nigeria to reach its lofty economic targets, the digital infrastructure must be robust enough to support large-scale innovation and industrial growth across all sectors.

Mupita informed the Honourable Minister that the recent spectrum-trade approvals and the 2025 tariff adjustments were instrumental in creating a stable environment for this investment. He noted that these regulatory reforms have strengthened industry sustainability, allowing the company to prioritise Nigeria as its most critical market for expansion and long-term value creation.

Hon. Minister Tijani lauded the technology company for its consistency but maintained that the government’s support is tied to measurable impact. He also reaffirmed that the government will not compromise on standards that ensure reliable and consistent service delivery to citizens.