Revealed! How MTN Nigeria Paid N2 Trillion In Taxes And Levies In 20 Years
On January 8, 2020, the Attorney-General of the Federation and the Minister of Justice, Abubakar Malami, sent a letter to MTN in which he said that following careful review and due consultation with relevant statutory agencies, his office would be withdrawing a $2 billion tax demand against the telecoms company.
This was after two years of allegation from the office of the AGF that the ICT company owed taxes from 2007 to 2017.
Evidence, however, showed that MTN has consistently paid its taxes to the Nigerian government.
In the 20 years that it has been in Nigeria, the biggest telecommunications company by market share has paid over N2 trillion in taxes and levies to the federal government.
In January 2020, the figure stood at N1.7 trillion, as confirmed by Mazen Mroue, the company’s chief operations officer recently at “MTN’s Value Contribution to Nigeria’s Socio-Economic Development. In a year, the figure has risen to more than N2 trillion.
As part of its tax remittance to the federal government, the company announced in August 2021 that it responded to the Federal Government’s call for public-private partnerships in the rehabilitation of critical road infrastructure in Nigeria. This will involve the reconstruction of the Enugu-Onitsha Expressway.
