How MTN’s ESG strategy fuels Nigeria’s development goals

MTN Nigeria’s Environmental, Social, and Governance (ESG) strategy has become a cornerstone in advancing Nigeria’s development objectives, particularly in areas such as education, healthcare, clean energy, and digital inclusion.

And this was reflected in the 2024 Sustainability Report. The facts behind the report were presented at the Nigerian Exchange Group House during the week to stakeholders by Chief Corporate Services Officer, MTNN, Tobechukwu Okigbo, who stated MTN Nigeria’s commitment to sustainability extends beyond business operations.

“We actively invest in initiatives that drive positive change in society. Through the MTN Foundation, we support impactful programmes nationwide, and see to it that they align with real community needs. By engaging stakeholders, collaborating with community leaders, and partnering with NGOs, we foster inclusive and sustainable development.

“A key initiative, “What Can We Do Together”, exemplifies our community-driven approach. This programme empowers Nigerians to identify and propose projects that address local needs, which the Foundation then brings to life. Since its launch in September 2015, this initiative has transformed lives and contributed to grassroot development across Nigeria.

“To enhance our impact, we prioritise open dialogue and accountability. Stakeholder forums and dedicated feedback channels facilitate meaningful engagement, while our grievance mechanisms, independent impact assessments, monitoring and evaluation processes maintain transparency, effectiveness, and long-term sustainability.”

Okigbo disclosed that the company’s sustainability efforts are guided by the principles of doing it for the planet, doing it for people, doing it right and doing it for growth.

He said the doing it for planet is about committed to environmental stewardship, aiming for net zero emissions by 2040. “Our efforts focus on mitigating our environmental footprint and actively reducing our carbon emissions.”

He added that the doing it for people principle promotes digital and financial inclusion as well as nurturing a diverse society. “By facilitating socio-economic development, we foster opportunities for community advancement, remaining transparent and accountable to stakeholders while striving to enhance lives through modern connectivity.”

Okigbo further said that the doing it right acknowledges the indispensable role of governance in sustainability, advocating for ethical conduct, effective risk management, and regulatory compliance. “Adherence to local and global governance standards form the cornerstone of our commitment to building trust and delivering sustainable value.”

He stated that the doing it for growth principle is about contributing to Nigeria’s economy, generating substantial economic value. “We continually expand our network infrastructure to deliver quality services, driving mobile and internet adoption and fostering inclusive economic growth.”

Okigbo said in 2024, MTNN invested N3.5 billion in Corporate Social Investment, bringing its total investment to N31.9 billion since inception.

“Our efforts have made a tangible impact, benefitting over 663,300 individuals, supporting 628 small businesses, and improving educational outcomes in 62 schools across Nigeria.”

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