{"id":69525,"date":"2021-08-11T08:07:02","date_gmt":"2021-08-11T07:07:02","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=69525"},"modified":"2021-08-11T08:07:02","modified_gmt":"2021-08-11T07:07:02","slug":"we-paid-more-than-n2trn-taxes-levies-in-20-years-mtn-nigeria","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/08\/11\/we-paid-more-than-n2trn-taxes-levies-in-20-years-mtn-nigeria\/","title":{"rendered":"We paid more than N2trn taxes, levies in 20 years &#8211; MTN Nigeria"},"content":{"rendered":"<p>MTN Nigeria, the largest network by market share has stated that it paid more than N2 trillion in taxes to the Nigerian government in the last 20 years.<\/p>\n<p>This was contained in a statement released by <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/03\/mtn-nigeria-license-yet-to-be-renewed-ncc\/\">MTN Nigeria<\/a> to mark its 20th anniversary.<\/p>\n<p>According to the company, the amount includes taxes, levies and fees paid to the Nigerian economy.<\/p>\n<p>The telco giant said it had also \u201ccreated 2.5 million jobs and contributed N2.3 trillion in taxes\u201d.<\/p>\n<p>Two years ago, the company had stated that it invested more than N2 trillion in the Nigerian economy and paid more than N1.7 trillion in taxes, levies and other regulatory fees.<\/p>\n<p>MTN Nigeria on August 8, 2001 said the\u00a0first call was made in Lagos through its network and connected one million customers by 2003.<\/p>\n<p>In 2006, it reached the 10 million customers milestone, and by 2013 it had connected 50 million subscribers.<\/p>\n<p>The telco also added that it supported the economy with over N22 billion in corporate social investment and N2.81 trillion in capital investment.<\/p>\n<p><span data-preserver-spaces=\"true\">Over the years, the company had faced regulatory issues from the Nigerian government.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In October 2015, the Nigerian Communications Commission (NCC) imposed a N1.04 trillion fine on the<\/span><span data-preserver-spaces=\"true\">\u00a0telco for alleged non-compliance with the deadline set by the commission to disconnect all unregistered SIM cards.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The regulator reduced the fine to N330 billion after MTN agreed to list shares on the Nigerian Stock Exchange (NSE) \u2013 now Nigerian Exchange Limited, among other considerations.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In September 2018, Abubakar Malami, the attorney general of the federation, also demanded that the telco pay $2 billion in tax arrears.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last year, Malami dropped the<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><span lang=\"zxx\">multi-billion dollar tax dispute.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On different occasions, MTN denied wrongdoings and reiterated its commitment to comply with the Nigerian tax laws.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Marking its two-decade anniversary in the country, the company said it would reconstruct the Enugu-Onitsha expressway as part<\/span><span data-preserver-spaces=\"true\">\u00a0of its tax remittance to the federal government and commitment to <\/span><span data-preserver-spaces=\"true\">public-private partnerships<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p>In its unaudited results for the half-year ended June 30, 2021, Karl Toriola, CEO of MTN Nigeria, said the company would invest N640 billion to expand broadband access across the country, in line with the federal government\u2019s 2020-2025 national broadband plan.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MTN Nigeria, the largest network by market share has stated that it paid more than N2 trillion in taxes to the Nigerian government in the last 20 years. This was contained in a statement released by MTN Nigeria to mark its 20th anniversary. According to the company, the amount includes taxes, levies and fees paid [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":69540,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[15462,4496,14227,10085],"class_list":["post-69525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-levies","tag-mtn-nigeria","tag-n2-trillion","tag-taxes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>We paid more than N2trn taxes, levies in 20 years - MTN Nigeria<\/title>\n<meta name=\"description\" content=\"MTN Nigeria, the largest network by market share has stated that it paid more than N2 trillion in taxes to the Nigerian government in the last 20 years.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/11\/we-paid-more-than-n2trn-taxes-levies-in-20-years-mtn-nigeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We paid more than N2trn taxes, levies in 20 years - MTN Nigeria\" \/>\n<meta property=\"og:description\" content=\"MTN Nigeria, the largest network by market share has stated that it paid more than N2 trillion in taxes to the Nigerian government in the last 20 years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/11\/we-paid-more-than-n2trn-taxes-levies-in-20-years-mtn-nigeria\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-11T07:07:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/08\/adewale_chocomilo\/2021\/08\/11\/images-10.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"679\" \/>\n\t<meta property=\"og:image:height\" content=\"452\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq Lawal Chocomilo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OChocomilo\" \/>\n<meta name=\"twitter:site\" content=\"@withinnigeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sodiq Lawal Chocomilo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2021\\\/08\\\/11\\\/we-paid-more-than-n2trn-taxes-levies-in-20-years-mtn-nigeria\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2021\\\/08\\\/11\\\/we-paid-more-than-n2trn-taxes-levies-in-20-years-mtn-nigeria\\\/\"},\"author\":{\"name\":\"Sodiq Lawal Chocomilo\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/person\\\/db8593431a99b3751c40316ba4b4a452\"},\"headline\":\"We paid more than N2trn taxes, levies in 20 years &#8211; 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