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MTN Remits N879bn Taxes Amid Revenue, Profit Growth - Business - Nairaland

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MTN Remits N879bn Taxes Amid Revenue, Profit Growth by dre11(op): 8:43am On May 28
By Jide Ajia


As Nigeria intensifies efforts to expand non-oil revenue and improve tax collection under its fiscal reform agenda, corporate tax contributions from major private-sector operators are becoming increasingly critical to government financing.

Supporting that drive, MTN Nigeria paid N878.7bn in taxes, levies, and duties to federal and state authorities in the 2025 financial year, representing a 15 per cent increase from the previous year, according to the company’s recently released 2025 Sustainability Report.

The trajectory, according to a statement, shows that the company paid N543.9bn in taxes and levies in 2023 before the figure climbed to N764bn in 2024, representing a cumulative increase of about 62 per cent over two years.

The increase tracked the company’s recovery from forex-driven losses to a profit after tax of N1.11tn in 2025, while total revenue rose by 54.8 per cent to N5.20tn. Operating profit also increased to N2.08tn from N778.2bn.

The N878.7bn remitted to the government in 2025 covered company income tax, value-added tax, spectrum fees, import duties, Nigerian Communications Commission levies, and contributions under the Rural and Urban Terrestrial Infrastructure tax credit scheme.

The company also participated in the Road Infrastructure Tax Credit Scheme, under which it committed N202.8bn towards the reconstruction of the 110-kilometre Enugu-Onitsha Expressway.

According to the report, the Rural and Urban Terrestrial Infrastructure scheme reached 50 per cent completion in 2025 after securing approval for an additional N23bn tax credit aimed at expanding fibre and telecommunications infrastructure in underserved communities.

The report further highlighted the company’s growing domestic economic footprint, with 62 per cent of procurement spending directed to Nigerian suppliers in 2025, up from 59.6 per cent in the previous year.

MTN said the policy aligns with the Federal Government’s local-content objectives and supports sectors including civil construction, logistics, software services, and power infrastructure.

The company’s operational footprint expanded to 2,087 active base stations nationwide, while active mobile subscribers stood at 85.4 million by the third quarter of 2025. Active data users rose to 51.1 million, supported by smartphone penetration of 65.1 per cent.

During the year, MTN Nigeria renewed its 800MHz spectrum licence for another 10 years to December 2034.
https://punchng.com/mtn-remits-n879bn-taxes-amid-revenue-profit-growth/?utm_source=rss.punchng.com&utm_medium=web

Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Image123(m): 9:29am On May 28
Follow who know road, you hear?
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Checkwell: 9:30am On May 28
No ne small thing. They are really cashing out in Nigeria but don't want Nigerians to cash out in South Africa. No be juju be that?
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by SmartPolician: 9:31am On May 28
N878.7bn

Imagine what one company pays in taxes; almost a trillion naira.

Those who own telcos are some of the richest in the world. That's why someone like Mo Ibrahim can be organising fellowships and be giving out $100k as though it's N100k
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by proxillin(m): 9:31am On May 28
after squeechchhiiing the neck of nigerians on expensive tarrif, they are remitting the blood of nigerians as tax.

and what do they do with the tax? they borrowed additional 62trillion to pay bandits their boys to arm them with more sophisticated weapon so vigilantes and civilians won't dare near them.

apc protects bandits more than the tax payers.
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by nick50(m): 9:31am On May 28
Money that emilokan and his useless cabinet will gulp within seconds
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by ogascomax: 9:34am On May 28
We are the ones been taxed. We no longer enjoy the formal call rates and data. This government are reaping more from the economy without anything good we are enjoying from them with all the bad roads everywhere.
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by anonimi:
Image123:
Follow who know road, you hear?
The road to more debt despite increasing revenue without improving government services and socioeconomic wellbeing of Nigrians?

The tax master plan used to cripple Lagosians into waterless existence for 27 years of lootocracy huh




https://www.youtube.com/watch?v=Bn29b0SkCWU
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Gotocourt: 9:36am On May 28
nick50:
Money that emilokan and his useless cabinet will gulp within seconds
Aso Villa Bandit and his governors angry
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Image123(m):
anonimi:
The road to more debt despite increasing revenue without improving government services and socioeconomic wellbeing of Nigrians?

The tax master plan used to cripple Lagosians nto waterless existence for 27 years of lootocracy huh




https://www.youtube.com/watch?v=Bn29b0SkCWU
i would be worried if the majority listened to political jobbers like you. Thankfully, we don't.

He'd be 3 years as President tomorrow.
Ongoing 440+ roads project including the audacious Lagos Calabar coastal highway.

10k dialysis fee for kidney diseased patients

Fuel scarcity is a thing of the past

No more ASUU strike

PBAT's government has neutralized more terrorists leaders than any Nigerian president

No state in Nigeria is owing salary

LG financial autonomy

Tax reform to prevent businesses from paying multiple taxes

Foreign reserves increased massively.

Stability of exchange rate; manufacturers can take better decision on imports and production

CNG conversion installment plan

TVET program to pay youths monthly while they learn a skill.

Socioeconomic well being na water.
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Guestmale: 9:38am On May 28
After oil and gas the next money spinning machine in the world is telecom.
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by anonimi: 9:39am On May 28
Gotocourt:
Aso Villa Bandit and his governors angry
Na so oh........................governors who are bribed to join APC and ensure his return to office next year, before securing a 3rd term agenda for life president just as he has done in Lagos for 27 years.

How did we get here?
How do we get out of this quagmire huh






NaijaRoyalty:
…Says Buhari doesn’t have my kind of money

However, Buhari doesn’t have the kind of money I can steal neither does he have the money I can collect. He doesn’t even have the money for Lagos votes. So, whatever I promise, it’s for real and is coming from my pocket. It’s not until I go to Alausa before I get money to give you.”

Addressing APC supporters on the need to deliver votes, Tinubu said handsome cash rewards await those who can deliver votes for the party.

He said he would not make mistakes of the past where people would collect money in advance and not deliver on election day.

Tinubu added, “Those of you that say you come to Bourdillon for mobilisation, it is mobilisation that we are doing here or don’t you understand? Definitely, if you know people in your neighbourhood, our members, how we used to do.

https://www.google.com/amp/s/punchng.com/i-said-i-was-richer-than-osun-state-tinubu-admits/%3famp
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by bigdammyj: 9:40am On May 28
Noted.

More characters needed.
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by DomPerignon: 9:42am On May 28
Checkwell:
No ne small thing. They are really cashing out in Nigeria but don't want Nigerians to cash out in South Africa. No be juju be that?
Is MTN selling drugs in Nigeria ?
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by ZombieTERROR: 9:48am On May 28
Almost a trillion

And still borrowing continues

more money for The thief to loot and steal

Nigeria is in trouble

Times are really hard
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by 1vandragon: 9:51am On May 28
Good on paper...

But the devil is in the details...

In 2014, MTN paid N176bn or over $810m in taxes...

In 2025, mtn is remitting N878bn or about $650m in taxes...

Make of that what you will...
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Rilwayne001: 9:52am On May 28
grin grin

nick50:
Money that emilokan and his useless cabinet will gulp within seconds
Some of these comments are so funny grin
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by jetguy(m): 9:52am On May 28
Ehh, billion wetin..I wish they mistakenly forward ⏩ it into my account 😔
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by helinues: 9:53am On May 28
Data precisely is expensive

If you are not making money on internet, you need to reconsider the amount you spend on data
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by geoworldedu: 9:57am On May 28
Remitted into the hands of the scavengers. They will pocket the money for election campaigns.
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by koxyz: 9:58am On May 28
Who actually bear the burden of the tax? The government continues to be aggressive in their tax collection drive further driving millions into poverty.
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Kukutente23: 9:59am On May 28
Just one company paid almost $1bn in taxes and some clowns will be saying Nigerians deserve to be taxed more
So where's the money? Who among our thieving politicians can account for how the money was spent especially baba borrow borrow
This is minus oil revenue o
They are not paying subsidy
They are paying workers peanuts
They are not funding the budget
They can't even secure schoolkids
Yet they want to borrow more
And some people are supporting them for second term?
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Gboss247(m):
Checkwell:
No ne small thing. They are really cashing out in Nigeria but don't want Nigerians to cash out in South Africa. No be juju be that?
Is MTN seling hard drugs in Nigeria?
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by SenecaTheYonger: 10:05am On May 28
That’s why they steal your data bundle so much. It’s so they can report ridiculous gains like this. It’s bad enough that it’s a xenophobic company that is doing this to Nigerians
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by lawani(m): 10:26am On May 28
It's easier to collect the money because it is a public company that must publish it's books
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Antoeni(m): 10:26am On May 28
The Tax Burden is on End Consumer, No Wonder MTN Data Burns Faster Than Gas
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Teymanhenry(f): 10:33am On May 28
Poor man no go see shi shi. Yet him go de shout APC.
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Heffalump(m): 10:35am On May 28
MTN is still owing subscribers refund for poor quality service as directed by NCC. Are they trying to bury that one too?
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by kennethesan(m): 10:38am On May 28
This is just from one organization. Where do these monies sink into?

No accountability.
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Blackdisciple(m): 11:26am On May 28
Instead to use this money to upgrade our network communications, CCTVs in cities across Nigeria they will embezzle it
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Princedapace(m): 12:01pm On May 28
proxillin:
after squeechchhiiing the neck of nigerians on expensive tarrif, they are remitting the blood of nigerians as tax.

and what do they do with the tax? they borrowed additional 62trillion to pay bandits their boys to arm them with more sophisticated weapon so vigilantes and civilians won't dare near them.

apc protects bandits more than the tax payers.
I keep saying this, Nigeria should scrap income tax. We have enough resources and giant corporate to pay the company tax. Income tax is a scam. These companies pay this tax from money they made from masses. U pay if U dial ussd code now. U pay for heavily for everything and it is becus they need to cover for tax. So, after paying all that, U still pay income tax 😂
Like how na.
Plus the endless natural resources. Hope U all know that naija politicians are among the richest on earth. Na the money be this. Most of these money won't be used well because corruption does not have a heavy penalty.
Re: MTN Remits N879bn Taxes Amid Revenue, Profit Growth by Maitunbi: 12:48pm On May 28
It's a shame when the only revenue boosting strategy your president knows is increment of taxation.
What a dunderhead of a president.
1 2 Reply

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