In order to accelerate its network expansion program, MTN Nigeria should receive a credit facility from the European Investment Bank (EIB) said of 100 million euros.

The EIB's investment in MTN will help accelerate 4G coverage in Nigeria and expand broadband access in accordance & Agrave; MTN's Ambition 2025 strategy according to a company disclosure. In addition, a statement explains that this operation represents the EIB's largest financing for the expansion of mobile telecommunications networks in Africa. And will contribute to improving network capacity across the country to cope with increased data traffic and improve coverage in Lagos and Ogun states.

For the managing director of MTN Nigeria, Karl Toriola, “The EUR 100 million financing agreed with the EIB will accelerate 4G coverage, improve the ability to network and stimulate innovation that will benefit our customers. ” EIB Vice President Ambroise Fayolle, for his part, said: “Accelerating large-scale investments in telecommunications networks is essential to ensure reliable access and enable daily life and activity& acute; economical”.