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MTN to invest $1.6 billion in Nigeria - statement

The company said it planned a capital investment program of $1.6 billion, or roughly 580 billion naira over three years in its network and operations in Nigeria.

Picture: Supplied

JOHANNESBURG - Telecommunications firm MTN Group, said it would invest $1.6 billion in Nigeria after it resolved a legal case with the government.

In a statement issued late on Wednesday, the company said it planned a capital investment program of $1.6 billion, or roughly 580 billion naira, over three years in its network and operations in Nigeria.

Earlier this month, Nigeria’s attorney general said he had withdrawn a $2 billion tax demand against MTN.