MTN Nigeria Targets Financial Recovery Amid Market Growth Strategy
MTN Nigeria accelerates financial recovery through tariff adjustments, fintech expansion, cost savings, and multi-billion-rand investments in strategic market growth.
MTN Nigeria is set to accelerate its financial recovery by leveraging structural market demand and implementing phased tariff adjustments to boost performance. The company remains focused on sustaining growth in key markets, including Ghana and Uganda, while addressing regulatory and macroeconomic challenges in other regions.
MTN has also refined its commercial strategies to drive sustainable profitability in its fintech operations, particularly for MoMo PSB in Nigeria. The ongoing separation of its fintech operations into a Group Fintech structure remains a priority, aligning with Mastercard’s minority investment agreement.
The company is on track to achieve its expense efficiency program (EEP) target of R7-8 billion in cost savings between 2024 and 2026. With a disciplined capital allocation strategy, MTN plans to invest R30-35 billion in capital expenditures for FY 2025 to support its medium-term growth objectives.
