MTN Made 65 Billion Naira Profit (April 2004 to March 2005)

Could you please give us a link to where you got this information from? I mean, the N65bn profit claim.

it is a free world my dear, if someone chooses to spend N100k per month on frivolous phone calls, that is that person;s business. Saying that they don't contribute to the society is not correct either, what about the thousands of jobs created directly by MTN, indirectly by sales of phone cards?

For MTN to have made this much and continue to give us poor services, l think their licence should be revoked. They have the right to make profit and they owe us good service. I wonder what NCC is doing about their continue poor service to customers? Given that they have the coverage but they also now have the worst service.

Other importing companies also pay the import duties and VAT and are as well taxed so tax holidays should be over for these GSM companies, imagine how much Nigeria has lost by granting tax exemption to the likes of MTN.

Why are we losing sight of the fact that MTN has brought about a lot of business opportunities that were not there before the advent of GSM.  Ask the call centers how much money they are making and what they do with all that money they made.  Again, MTN had become either directly or indirectly one of the largest employers of labour.  Ask all those people who hawk recharge cards on the streets.

Yes, MTN is smiling to the bank, but would we prefer to go back to the era of NITEL monopoly and  forestall such colosal profit?    I will prefer to allow MTN make money and connect me to my old parents in my village than go back to the era of NITEL and wired lines that cost so much to buy and work for a few days because it had been tossed!

You call that contribution to the society? What percentage of Nigerians have benefited from this contribution? Globacom and Vmobile have also contributed by providing jobs but they both have also gone the extra mile to defray cost of calling in one form or the other. My point is MTN can do better, they should do better period.

IAN, I understand that MTN had set up a foundation to identify areas where they can give back to the communities. For instance they had indentified 5 states or there about with not less than 5 schools in each state where they can set up a complete Computer lab with several computers all networked and connected to the internet through satellite!! They have even gone further to pay consultants in each state to manage the project after the the official handover..About 5 teachers from each school are being trained by a consultant from America on Oracle database, basic computer porgramming, internet  usage etc. These teachers  are suppose to pass on what they gleaned from their training to the students. what do u call all these if its not responsiblity???

I think our problem is that we just can't forgive MTN for making so much money and we don't care how much money they helped us to make on the side. We are offended that a foreign company can take the risk to invest in our moribound economy and succeed. Companies like Vodacom who called Nigeria a "High Risk" investment are now waking up and falling all over themselves to come to invest here, thanx to the success story of MTN.

The tax holiday given to the companies, was as a result of prevailing circumstances in the country, we all know the state of our power systems this and oter reasons means that more money will be invested in bringing in extra equipment ( as compared to other countries) and alot will be spent on generating power, I don't think its a bad idea to give this tax holiday to a virgin business (which was what it was ) to encourage investment.
MTN made so much profit because they knew what it will take to make it here.

You should find a way of tapping into what they have provided and make your own part of the many billions instead of complaining. After all we have all the accountants and economists and business people in Nigeria before they came.
The best way to protest is to throw away your MTN line.

When NTA starts showing things you don't like, what you you do? You change channels.
Nigerian Govt knows  calls are high yet they increase VAT by 5%. Besides we have institutions that are to look into this things, those are the people we are to attack. We need to understand how the world does business now adays, the ultimate goal is to make profit, no one gives a hoot about the user in actual sense. Until we learn how to read between the lines when doing business the better service we get.