- MTN has lamented vandalisation of properties owned by the company and government in the Southeast
- Its regional operations general manager described the attacks as ‘uncontrollable variables’ the company was dealing with
- He stressed the need to leverage on government partnerships for protection
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MTN Nigeria has raised the alarm over rising attacks and vandalisation of its facilities as well as other national assets in southeastern region of Nigeria.
Callima Inino, the company's general manager of regional operations in the region, shared his concerns during a press conference in Awka, Anambra State.
The conference, organised by the Anambra State Investment Promotion and Protection Agency (ANSIPPA), was titled, "Role of Corporate Governance in Building Sustainable Businesses."
The development comes just days after the Nigerian Communications Commission (NCC) granted MTN Nigeria to acquire 2.6GHz spectrum band from OPENSKYS Services Limited (OS).
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MTN suffering from fibre destruction
According to The Guardian, Inino claims that the organisation is struggling with laid fibres being destroyed during construction.
He noted that the company is also contending with market enhancers, which have a negative impact on the network's quality.
These are part of the uncontrollable variables, which we keep addressing so that our esteemed customers are not denied their services, especially during emergencies, as they get value for their money.
This is one of the reasons we’re here to leverage on government partnership to ensure the protection of our infrastructure, as well as guarantee quality and efficient service delivery to the people.
Inino said in spite the difficulties, the firm has over 7,000 agents dispersed over the state's municipalities, local councils, and villages.
This, according to him, has more than 50% of Anambra's subscriber base.
He said in addition to 300 merchants, the organisation is demonstrating its growing reach and reinforcing its commitment to high-quality and effective service delivery to clients.
With a population of over 8 million, he claims Anambra is a good market for the organization to enter, especially before the anticipated smart mega-metropolis.
In a report, MTN Group Ltd. earlier agreed with Mastercard Inc. to invest in its financial technology business. The deal would see Mastercard take hold of a minority stake in the business that MTN values at $5.2 billion.
Legit.ng had earlier reported that a total of 20,000 Nigerian females benefited from entrepreneurial skills designed by MTN Foundation in partnership with Mastercard Foundation and Enterprise Development Centre (EDC)
Dangote Cement, MTN, 8 Other Companies Lose Over N630bn in 6 Months After Tinubu, CBN's Naira Decision
Legit.ng also reported that several companies listed on the Nigerian exchange lamented significant foreign exchange (FX) losses due to the devaluation of the naira.
On June 14, 2023, the Central Bank of Nigeria (CBN), on the instruction of President Bola Tinubu, announced the floating of the naira.
This gave room for market forces to determine the exchange rate.
The decision has led to a severe depreciation of the naira against different foreign currencies, taking a severe toll on the financials of companies in Nigeria.