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FG Rakes in N412Bn VAT from Telecom Subscribers

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Telecommunication subscribers and other consumers of information and communications services in Nigeria paid N412.31 billion in Value Added Tax (VAT) last year.

FG Rakes in N412Bn VAT from Telecom Subscribers

This is as telecom companies and other operators in the information and communications industry paid N466.5 billion in Company Income Tax (CIT), data from the National Bureau of Statistics (NBS) revealed.

According to Businessday report, the telecoms sector continues to be one of the largest contributors to the government’s tax revenue because of its role in the economy.

Data from the NBS showed that the sector contributed 19.29 percent, 21.19 percent, 19.04 percent, and 10.02 percent in the first quarter, Q2, Q3, and Q4 respectively.

The information and communications sector was also one of the top contributors to CIT. In the first three quarters of 2023, of the total amount of CIT paid, ICT contributed 11.89 percent, 20.30 percent and 11.86 percent, respectively.

The growth in VAT revenues underscores increased consumption of telecom services, with data usage soaring to 713,200 terabytes (TB) as of December 2023 from 517,670 TB in January, for instance. The increased reliance on digital services also translated into higher revenues for the telcos.

MTN’s service revenue grew by 22.4 percent to N2.5 trillion in 2023 and Airtel recorded $1.24 billion in revenue for the nine-month period ended December 2023.

According to the NBS, the information and communication sector comprises the activities of telecommunications and information services; publishing; motion picture, sound recording and music production; and broadcasting.

The telecom sector is a major component (about 80 percent) of the ICT sector. The ICT sector is one of the major pillars of the country’s GDP and a major source of revenue in the form of taxes for the government.

Commenting on the impact of the information and communication sector (to which telecoms contributed 83.69 percent) on the country’s nominal GDP, the NBS said: “On an annual basis, the sector grew by 40.79 percent, higher than 19.00 percent in 2022. The information and communications sector contributed 12.52 percent to the total nominal GDP in the 2023 fourth quarter, higher than the rate of 10.42 percent recorded in the same quarter of 2022.”

In 2021, the Federal Inland Revenue Service (FIRS) listed MTN Nigeria, one of the four mobile network operators in the country, as one of its top taxpayers.

A statement signed by Uto Ukpanah, its company secretary, said: “In 2021, MTN Nigeria’s total tax contribution to all government agencies, including the FIRS, amounted to N757.6 billion while the FIRS collected a total of N6.4 trillion tax revenue in the year.

“Specifically, MTN Nigeria paid a total of N618.7 billion in direct and indirect taxes to the FIRS in the 2021 tax year, representing approximately 13.5 percent of the total FIRS collection for the year.”

Recently, Bosun Tijani, minister for communications, innovation, and digital economy, said he hoped to increase the federal government’s annual net revenue from the telecommunications sector by 100 percent between 2023 and 2027.


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Telecom

MTN Nigeria Rewards 1,500+ Winners with ₦290m in Mega Billion Promo

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L-R: Deji Roberts, Assistant Director, Nigerian Communications Commission, Lagos Zonal Office; Ugonwa Nwoye, Chief Customer Relations and Experience Officer, MTN Nigeria; Femi Yusuf, 10 Million MTN Mega Billion Promo Jackpot Winner; Efe Kwado, MTN Mega Billion Promo Winner; Onyinye Ikenna-Emeka, Chief Marketing Officer, MTN Nigeria and Samuel Rowland, Chief Operations Officer, Lagos State Lotteries and Gaming Authority at the MTN Mega Billion Promo Media Parley held on Saturday, July 19, 2025 at the MTN Rooftop Events Centre Plaza, Ikoyi.
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Telecoms giant, MTN Nigeria, has announced the disbursement of over ₦290 million to more than 1,500 winners in its ongoing Mega Billion Promo.

L-R: Deji Roberts, Assistant Director, Nigerian Communications Commission, Lagos Zonal Office; Ugonwa Nwoye, Chief Customer Relations and Experience Officer, MTN Nigeria; Femi Yusuf, 10 Million MTN Mega Billion Promo Jackpot Winner; Efe Kwado, MTN Mega Billion Promo Winner; Onyinye Ikenna-Emeka, Chief Marketing Officer, MTN Nigeria and Samuel Rowland, Chief Operations Officer, Lagos State Lotteries and Gaming Authority at the MTN Mega Billion Promo Media Parley held on Saturday, July 19, 2025 at the MTN Rooftop Events Centre Plaza, Ikoyi.

The update was shared during a live event held on July 19 at the company’s Rooftop Events Centre in Lagos. Representatives from the Nigerian Communications Commission (NCC), the Lagos State Lotteries and Gaming Authority, MTN executives, journalists and selected promo winners were in attendance.

Speaking at the event, Onyinye Ikenna-Emeka, MTN’s Chief Marketing Officer, stated that the initiative was launched to support loyal customers during difficult times. “In the last couple of years, it’s been a tough time for the average Nigerian. This promo is one of our ways of making life better for our customers,” she said.

Ikenna-Emeka revealed that the promo has produced over 1,500 winners, including three jackpot winners, 20 winners of ₦5 million each, and more than 100 winners of ₦100,000. She added that the company remains committed to rewarding customers transparently.

One of the jackpot winners, Femi Yusuf, who won ₦10 million, shared his excitement. “I thought it was one of those promos where nothing comes out of it. My wife was the one who spotted my number during the live draw,” he said. When asked about the delivery of his prize, he replied, “Fast and fast. MTN, no scam.”

The event also featured live calls to new winners, including a woman identified as Motunrayo, who won ₦2 million. She expressed joy over the unexpected win, saying, “I’m so grateful. Thanks so much.”

Debo Agun, Senior Manager, Consumer Segment (Mass Market), explained the mechanics of the promo. He said participation is free and open to MTN subscribers who dial *900# to opt in. Airtime purchases serve as entries—₦100 worth of airtime equals one entry, and customers can win multiple times.

Agun stated that 63 winners are selected daily from Monday to Friday, while Saturdays feature 104 winners, including a ₦10 million jackpot. Other prizes range from ₦25,000 to ₦2 million and are paid into customers’ MoMo wallets. Those without wallets can create one by dialing *671#.

Promo draws are conducted and streamed live on MTN’s Instagram, YouTube, and Facebook channels. Independent partners oversee the process to maintain credibility and fairness.

The promo began on June 23 and runs for 90 days.


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MENXTT Tech NG Debuts USA-Spec Devices and Redefines IT Retail in Nigeria

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MENXTT Technology NG has introduced a fresh lineup of USA-specification smartphones alongside its existing range of laptops, accessories, and software tools in a major move to redefine tech quality and customer satisfaction in Nigeria.

The firm, which operates as a fully online IT service provider, is focused on bridging the gap between businesses and customers by offering seamless tech procurement, deployment, and after-sales support.

According to Anthony Emeka Nwosu, Director of Communication and Customer Retention, the company is committed to restoring consumer trust in tech purchases through guaranteed quality, extended warranties, and structured support.

Nwosu stated that the decision to supply USA-grade devices was borne out of frustration with substandard options in the market and zero accountability.

He said MENXTT was built to be responsive, dependable, and quality-driven, assuring customers that they would not be left alone after purchase.

With services covering laptops, accessories, website development, software deployment, and IT support, MENXTT promises to take technology directly to the client with less stress.

The company, located at 8a Oje Imeviani Street, Julie Estate, Oregun, Ikeja, Lagos, is also noted for its tech-enabled structure that allows users to access solutions from anywhere in Nigeria through its online platform.

Customers can reach MENXTT Technology NG via email: info@menxtt.com.ng or website: menxtt.ng.


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MTN, MTV Base Launch “Room of Safety” Series to Promote Online Child Safety

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Telecoms giant MTN Group has partnered with MTV Base to launch the Room of Safety campaign, a youth-led movement aimed at raising awareness on internet safety and digital wellbeing for children and young people across Africa.

The initiative, a major part of MTN’s Help Children Be Children campaign, seeks to address growing concerns around cyberbullying, grooming, misinformation, and other forms of online harm. Through this collaboration, MTN will leverage MTV Base’s extensive reach across youth audiences to drive impactful change.

Central to the campaign is the premiere of a 10-part short-form docu-series titled Room of Safety, which kicks off on July 20, 2025, at 16:00 on MTV Base (DStv channel 322). Episodes will also stream on MTV Base South’s digital platforms including Instagram, YouTube, and TikTok.

Each episode will feature real-life stories, expert interviews, and practical resources to help young viewers identify digital threats and take proactive steps. The series also encourages youth to speak up about negative experiences online and shows them how to report abuse.

A statement from MTN Group emphasized the importance of equipping young Africans with the knowledge and confidence to navigate digital spaces safely, adding that the campaign aims to normalize conversations around digital ethics and mental health within families, schools and peer groups.

The launch is backed by social media engagement and outreach activities targeted at schools, creators, and community organizations across multiple African countries.


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