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HomeFinance, MoneyDid MTN pay N3.5tln in taxes to Nigeria?  

Did MTN pay N3.5tln in taxes to Nigeria?  

 MTN Nigeria on Wednesday  said that  it has paid N3.5 trillion on levies and taxes to government  since inception  and over N3.4 trillion on capital investment.  

The Chief Executive  Officer (CEO) MTN, Mr Karl Toriola said in his address at the ‘Brunch with Karl’ at Lagos Business  School in Lagos.  

Toriola said that had also enabled broad socio economic  development by creating values for shareholders with over N2.5 trillion dividen paid since inception.  

He said that not only would shareholders  smile to the bank but also over 30 million Nigerians had benefited  from N28 billion  investment  through MTN foundation.  

According to him, MTN is a community that connects  to the society  and truly committed  to showcasing and developing boundless talent of our people.  

‘’MTN  has been enabling broad socio-economic development by supporting financial  infrastructure over 174,500 ATM and POS for electronic  payments.  

‘’Created alternative payment channels to 9.4 million active Moments customers.  

‘’As well as provided high capacity internet for over 160 public and private universities,  Polytechnics and colleges , he said.  

According to him, MTN has also committed N28 billion through  Yello Jppe Initiative  to support broad base of stakeholders.  

He however  emphasised  that MTN was committed to Cooperate Social Responsibility  and has provided jobs in every local government  across the state.  

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