MTN Nigeria, a leading telecommunications company, has invested N3.5 billion in corporate social investment (CSI) in 2024, bringing its total CSI spending to N31.9 billion since its inception, the company’s Chief Sustainability Officer, Tobechukwu Okigbo, announced on Thursday.
Speaking at the Nigerian Exchange Ltd (NGX) during the presentation of the company’s Facts Behind the Sustainability Report, Okigbo highlighted the tangible impacts of MTN’s initiatives.
“Our efforts have benefited over 663,300 individuals, supported 628 small businesses, and improved educational outcomes in 62 schools across Nigeria,” he said.
The company also launched the Sustainability in Action, Value for the MTN Everyone (SAVE) campaign to enhance employee engagement in sustainability efforts.
To improve global accessibility, MTN’s 2023 sustainability report was digitally tagged with extensible Business Reporting Language (XBRL), making it easier for investors and stakeholders to access.
MTN Nigeria made significant strides in reducing its environmental footprint, cutting Scope 1 and 2 emissions by 11% from its 2021 baseline of 113,826 tCO²e to 101,300 tCO²e in 2024.
The company expanded renewable energy use by adding 194 solar-powered rural telephony sites and became the first telecom operator in West Africa to introduce eco-friendly SIM cards.
On the social front, MTN reaffirmed its commitment to gender equality through its Yellowpreneur platform, which provides women access to low-interest loans.
“No fewer than 600,000 women have benefited from this initiative,” Okigbo noted, adding that the loans, facilitated through partner banks, carry an interest rate not exceeding N3.00.
