Chief Executive Officer of MTN Nigeria, Karl Toriola, has declared that MTN Nigeria is “a Nigerian company through and through,” stressing that the telecom giant belongs as much to Nigerians as it does to its global investors, with over 11 million Nigerians indirectly owning stakes in the company through pension fund investments.
Focusing on MTN Nigeria, Toriola said the company has become deeply rooted in the country’s economy.
“MTN Nigeria is a Nigerian company through and through. We are domiciled in Nigeria. We are listed on the Nigerian Exchange. We pay all the taxes, duties and levies expected of us, and we are run by Nigerians.
“I am Nigerian. Apart from one executive, every member of our executive committee is Nigerian, while our entire expatriate workforce in Nigeria is just four people.
“We have over 201,000 retail investors, while about 11 million Nigerians own MTN shares indirectly through pension funds. We are very proud of our Nigerian identity,” he stated.
