President Bola Tinubu has pledged additional reforms to enhance efficiency, attract investments, and prioritize the youth within the ongoing economic “revolution.” During a meeting with a delegation from MTN led by Group Chairman Mcebisi Jonas, President Tinubu emphasized the need to revolutionize the economy for the benefit of the country’s young population.
Acknowledging the global transformations driven by technology, President Tinubu expressed his commitment to removing obstacles to investment in the economy. He encouraged MTN to contribute to the nation’s development by exploring partnerships that leverage technology, particularly in digital healthcare and education, as a means to address the challenges posed by rural-urban migration and empower the less privileged.
Highlighting the significance of collaboration, President Tinubu emphasized the importance of shared prosperity and building an informed society. He commended the positive response of the stock market to the structural adjustments being implemented and stressed the need to reassess the journey towards inclusive development.
MTN Group Chairman, Mcebisi Jonas, expressed the company’s plan to invest $3.5 billion in the Nigerian economy over the next five years. He praised the President for the increasing interest in Nigeria since assuming office and pledged support in mobilizing additional investors, with a potential investment of approximately $1.5 trillion. Jonas acknowledged the favorable business environment and structural reforms that have positioned Nigeria as an attractive investment destination.
The meeting also included the participation of Ralph Mupita, Group President/CEO of MTN; Ernest Ndukwe, Chairman of MTN Nigeria, and Olutokun Karl Toriola, Chief Executive Officer of MTN Nigeria.