MTN Nigeria Communications Plc is set to receive €100 million credit facility from the European Investment Bank (EIB) to speed up its network expansion programme.

According to a corporate disclosure by the company, the investment will aid the acceleration of 4G coverage in Nigeria and expand broadband access in line with MTN’s ambition 2025 strategy.

The statement further explained that the transaction represents EIB’s largest financing for mobile telecoms network expansion in Africa. It will help improve network capacity across the country to accommodate rising data traffic, and enhance coverage in Lagos and Ogun States.

While commenting on the deal, MTN Nigeria’s Chief Executive Officer Karl Toriola said, “We are committed to the leading digital solutions for Nigeria’s progress. This requires the continuous upgrade and expansions of our infrastructure to enable us deliver superior service. The EUR 100 million financing agreed with the EIB will accelerate 4G coverage, enhance network capacity and drive innovation that will benefit our customers.”

The Vice President of EIB Ambroise Fayolle, said, “Accelerating large scale investment in telecom network is essential to ensuring reliable access and enabling daily living and economic activity. The EIB is committed to unlocking transformational digital investment across Africa and is pleased to provide EUR 100 million backing for MTN Nigeria’s ambitious network expansion programme.”


H.E. Samuela Isopi, the Ambassador of the European Union to Nigeria and Ecowas said: “Digital transformation offers Africa tremendous opportunities and digitilisationis one of the priorities of the EuropeanUnion partnership with Africa. This record support for investment in MTN Nigeria by the EIB, the EU bank will deliver better services, unlock economic opportunities and improve lives across Nigeria.”


https://nairametrics.com/2022/10/27/european-investment-bank-backs-mtn-nigeria-with-e100-million-for-high-speed-network-expansion/

Great one there, this country call Nigeria shall be great again, when Peter Obi is sworn in as the president of Nigeria

If you get money and you want to unlock unlimited wealth,invest heavily in Nigeria. Forget what naysayers are saying,invest heavily in Nigeria.


The people who are consistently giving negative review about Nigeria won't hesitate to give us loan including the ones we don't deserve.

Currently there little or no guidelines governing businesses here. If you become a major player,rules will be made to accommodate you.

Think of Dangote and Bua. Irrespective of the number of their trucks that are destroyed and burnt by angry Nigerians, they still invest more and every incoming government bends to their tune