MTN Foundation To Recapitulate Their Commitment To Nigerian Development

MTN Foundation To Recapitulate Their Commitment To Nigerian Development

The MTN Group has rephrased its commitment to Nigeria’s development.The Group Chief Executive Officer

and President, Ralph Mupita, said this when he met with the Vice President of Nigeria, Sen. Kashim Shettima, on the sidelines of the BRICS Summit in Sandton, South Africa, a statement by the company he said.

Shettima was in South Africa to represent President Bola Ahmed Tinubu at the 15th BRICS Summit of Heads of State and Government where he delivered a speech to notable leaders including President Xi Jinping of China.

Also, in attendance at the meeting was the Nigerian Ambassador to South Africa, Ambassador Muhammad Haruna Manta.

All through the meeting, both parties discussed topics relating to ongoing reforms by the government and other areas of mutual interest, including digital education, e-agriculture and the MTN Nigeria investor roadshow to be held on November 23 in Abuja.

Ralph rephrase that MTN will continue the support for Nigeria’s socio-economic development directly and through the Corporate Social Investment (CSI) initiatives pioneer by the MTN Foundation.

It's over 18 years of existence, MTN inauguration as the CSI vehicle of MTN Nigeria has spent over N25.7 billion in empowering Nigerian youths, communities, healthcare development and educational support.

The Foundation has so far executed 1,017 projects across the 36 states of the federation, directly impacting 3,319 communities and over 31.2 million beneficiaries.

At the tertiary education level, the MTN development has offered 12,736 scholarships across institutions in Nigeria.

With this development, MoMo Payment Service Bank (MoMo PSB) and Saana Capital LLC a Central Bank of Nigeria (CBN) as licensed International Money Transfer Operator (IMTO), to have announced their strategic partnership to facilitate coherent inbound and outbound transfers across Africa, as well as convenient bill payment services.

This joint effort between MoMo PSB and Saana Capital LLC, marks an important milestone in cross-border financial transactions within the African continent.

This partnership, the MoMo PSB customers will be able to send and receive money from various African countries directly using their MoMo accounts, doing away with the need for foreign currency or domiciliary accounts.

According to the statement, it will offer empowerment to the MoMo PSB’s customers with greater convenience, speed, and affordability when conducting cross-border transactions within Africa.

This partnership will also includes a comprehensive bill payment solution to conveniently settle bills across various African countries.

This elements provides individuals and businesses with a smooth and efficient method to meet their financial obligations across borders, intensifying convenience and promoting economic growth.