MTN Nigeria Communications PLC will invest over N1 trillion in network expansion and maintenance during 2026. This capital expenditure represents approximately $645 million. The 2026 plan follows a N900 billion investment scheduled for 2025.
CEO Karl Toriola announced the spending while defending recent tariff increases at a stakeholder event. Toriola revealed that MTN Nigeria was technically insolvent and effectively bankrupt before the price adjustments. He stated the tariff hike was essential for the survival of the telecommunications industry.
Despite the increases, Toriola asserted that data prices in Nigeria remain among the lowest globally. To address customer concerns about data depletion, the company will launch a new monitoring platform by the end of June 2026.