2021 Sustainability Report | i

01 About This Report

Who We Are

Our Products and Services

Industry Membership

Our Chairman’s Statement

Our CEO’s statement

Materiality assessment

Our Sustainability Strategy

Our Four-Pillar Sustainability Strategy Framework Relationship with Stakeholders

sustainability governance

MTN Nigeria and the SDGs

Our Distribution Network

56DOING FOR OUR PLANET Our Partnerships and Memberships Energy Consumption and Climate Change Our Response to Climate Change Environmental Impact Management

  1. | MTN Nigeria Communications PLC

71 DOING FOR SOCIETY Fostering Inclusive Connectivity Driving Digital Inclusion through ayoba

2021 Sustainability Report | 1

About This Report

Driving Digital Inclusion through the CHASE


Our Customers

Improving Financial Inclusion

Enabling MSME’s Growth and Transformation

Labor Relations and Management

Diversity and Inclusion

Building a learning organization

Employee Benefits

Training and personal development

Employee Satisfaction

Occupational Health and Safety

Customer Health and Safety


We Embrace Ethics, Risks, and Compliance


We respect human rights

Awards and Recognitions


We Contribute Through Tax

We Invest in Infrastructure

We Invest in Communities

106 GRI Content Index

We present the 2021 Sustainability Report of MTN Nigeria Communications Plc. This report provides clear and comprehensive communication of the company’s commitments to positive long-term social, environmental, and economic goals. It discloses the progress and achievements of MTN Nigeria in a wide range of areas, spanning environmental responsibility, social impact, risk management, stakeholder engagements, and other mission-delivery objectives in 2021.

This report presents our robust sustainability commitments. Over and above that, it demonstrates a fundamental transition to pursuing greener and more socially inclusive practices as a central corporate agenda. We also showcase, in this report, significant improvements in how we manage risks, harness new market

opportunities, and establish our sustainability leadership.

We cannot conceivably tackle all sustainability-related challenges, nor address the whole range of environmental, social, and governance (ESG) issues. Hence, our materiality assessment has enabled us to identify topics that are significant to our operations and pertinent to our stakeholders, and we are prioritizing them for action.

This sustainability report is also based on our commitment to the 10 Principles of the United Nations Global Compact (UNGC), which align with our human rights, labour, environment, and anti-corruption responsibilities. Our efforts are also helping the advancement of the Sustainable Development Goals (SDGs) in Nigeria.

2 | MTN Nigeria Communications PLC

2021 Sustainability Report | 3




MTN Nigeria is a subsidiary of

MTN Group

MTN Nigeria is a subsidiary of MTN Group – a pan-African mobile operator which operates in 19 countries in Africa and the Middle East. We are one of Africa’s largest providers of communications services, connecting more than 68 million people in various communities across Nigeria with each other and the world. Our nationwide network coverage, technical capabilities, and innovation has enabled us to maintain our leadership position since our inception in 2001.

This report incorporates several methodologies and indicators from the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB).

Our sustainability report is a practical, transparent, and effective way of communicating with our stakeholders while also helping them understand the impact of our business on critical sustainability issues such as climate change, social justice, diversity and partnership, among other areas. The report helps us strengthen stakeholder confidence, enhance corporate reputation and maintain our social license to operate.

We developed this report with a focus on our sustainability progress in 2021. We use several indicators included in this report to fulfill our commitment to sharing accurate and transparent communication. Where appropriate, we advise the readers to see more information elsewhere on our online platforms or in our online platforms or in our 2021 Annual report that can be accessed here uploads/2022/03/MTN-Nigeria-Annual -Report-2021.pdf.

During the year, we commemorated our 20 years of operations, reflecting on enduring industry leadership in coverage, capacity and innovation and two decades of steadfast support from our customers, many of whom have been with us since day one.

We believe everyone deserves the benefits of a modern, connected life. Hence, our strategic intent is to provide leading digital solutions for Nigeria’s progress. Our products and services include a diverse range of voice, data, fintech, digital, enterprise, and wholesale services.

4 | MTN Nigeria Communications PLC

2021 Sustainability Report | 5

We believe everyone deserves

the benefits of a modern

connected life.

Hence, our strategic intent is to provide leading digital solutions for Nigeria’s progress. Our products and services include a diverse range of voice, data, fintech, digital, enterprise, and wholesale services.

Our business strategy, Ambition 2025, is built on four strategic priorities:

At the core of this strategy, we plan to mainstream ESG standards in our operations to help us deliver our shared value objectives..

The philosophy of shared value guides our decisions and actions. Therefore, we believe in sharing our successes with all our stakeholders and the communities where we operate. In addition, we recognize that the growth of our business is tied to the well-being of people in these communities.

We are committed to the Nigerian economy’s growth and our people’s progress. We understand this is possible with our connectivity and platform solutions and the support we provide for our communities. The opportunity to play a role in the nation’s digital evolution is a privilege we do not take for granted. At MTN Nigeria, we recognize the need to address the considerable gaps in access to connectivity, build a vibrant digital economy, create jobs, and enrich lives.

In addition, our network directly supports many businesses and empowers millions of people in rural and urban areas. This has helped to fuel innovation, expand market access, build capability, enhance local content and drive prosperity, social inclusion and sustainability in Nigeria.

We have made great strides together, and much more must be done. If the last two decades have taught us anything, it is how much we can achieve when we work together.

Build the largest and most valuable platforms.

Drive industry-leading connectivity operations.

Create shared value.

Accelerate portfolio transformation.

If the last two decades have taught us anything, it is how much we can achieve when we work together.

This is an excerpt of the original content. To continue reading it, access the original document here.


MTN Nigeria Communications Limited published this content on December 30, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2022 08:41:02 UTC.

Public now 2022

Sales 2022 2 007 B
4 485 m
4 485 m
Net income 2022 360 b
804 m
804 m
Net Debt 2022 1 018 B
2 275 m
2 275 m
P/E ratio 2022 12.3x
Yield 2022 6.82%
capitalization 4 370 b
9 764 m
9 764 m
EV / Sales 2022 2.68x
EV / Sales 2023 2.31x
Nbr of Employees 1 699
free float 23.8%

Duration : Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.

Period : DayWeek

MTN Nigeria Communications PLC Technical Analysis Chart |  MarketScreener

Technical analysis trends MTN NIGERIA COMMUNICATIONS PLC

short term Mid Term long term
trends bullish Neutral Neutral

Income statement evolution



Mean consensus buy
Number of Analysts 6
Last close price 215.00 NGN
Average target price NGN252.10
Spread / Average Target 17.3%

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