MTN remits N879bn taxes amid revenue, profit growth

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.