LAGOS, March 15 (AGCNewsNet) – MTN Nigeria has reinforced its position as Africa’s largest mobile network operator, boasting 84.6 million active subscribers and a commanding 51.39% market share in the Nigerian telecom sector, according to its latest Environmental, Social, and Governance (ESG) report unveiled at the Nigerian Exchange Group (NGX) Event Centre in Lagos.

The report, part of MTN’s sixth consecutive “Facts Behind the Sustainability” series, underscores the company’s dominance in Nigeria’s digital ecosystem. It highlights MTN’s role in building the largest fibre network in the country—a critical infrastructure many other telecom operators rely on. The firm was also recognized for its leadership in integrating ESG practices across its operations.

The event drew key industry stakeholders including NGX CEO Mr. Jude Chiamaka, NGX Regulation CEO Mr. Olufemi Shobanjo, NGX Market Head of Issuer Regulation Mr. God’s Time Iwenekhai, MD/CEO of Anchoria Advisory Services Mr. Sam Chidoka, Chairman of MTN’s Social, Ethics, and Sustainability Committee Mr. Abubakar B. Mahmoud, MTN’s Chief Corporate Services and Sustainability Officer Mr. Tobechukwu Okigbo, and GM of Risk Management Mr. Esosa Balogun.

According to Mr. Shobanjo, ESG considerations have become central to shaping capital markets and long-term business value. “Integrating ESG principles is no longer optional. It’s essential for sustainable value creation and competitiveness. Regulators, businesses, and investors must work together to drive this transformation,” he said.

The report analyzed MTN Nigeria’s progress on issues including climate change, social inequality, corporate governance, and data privacy. It also emphasized MTN’s commitment to gender equality and workforce reintegration programs. As part of its pledge, the company introduced a “50:50” policy in recruitment and training, aiming for equal gender representation. MTN is also launching programs to reintegrate women who exited the workforce for child-rearing, enabling them to reclaim roles in the economy.

Mr. Okigbo clarified MTN’s African identity, noting the company’s Nigerian roots and its local ownership strategy. He highlighted MTN’s ongoing efforts to increase Nigerian participation in its stock market holdings, though an 11% equity offering did not materialize as hoped.

“In our materiality assessment, Nigerians voiced strong concerns about privacy and consumer rights. The message is clear—treating customers fairly and protecting their data is not negotiable,” Okigbo said.

The company also revealed plans to invest significantly in digital infrastructure, with a $10 billion commitment to strengthen Nigeria’s broadband capacity and advance its position as a leader in Africa’s digital future.

As ESG becomes a decisive factor in global finance, MTN’s sustainability agenda positions it as a driver of economic inclusion, technological advancement, and environmental stewardship on the continent.

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Source: The Nation Online