Every Nigerian holds stake in MTN Nigeria
This world is really round. Yes, it has been evidently revealed that every Nigerian has a stake in MTN Nigeria. In other words, every Nigerian is a shareholder of MTN Nigeria. Nigeria Sovereign Investment Authority (NSIA), the nation’s investment agency, has confirmed that it invested in MTN Nigeria and that investment remains valid as of today, PT reports. Nigerians or Nigerian entities or Nigerian-anchored affiliates control 19% of the company. Call this strategic revelation ahead of negotiation!
Checks by PREMIUM TIMES Wednesday, however, showed that the Nigerian government is an investor and stakeholder in MTN Nigeria, through the Nigeria Sovereign Investment Authority (NSIA), the nation’s investment agency.
PREMIUM TIMES searched through the annual report and account of the Nigeria Sovereign Investment Authority (NSIA) between 2014 and 2016 and details showed that the nation has investment in MTN Nigeria.
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Titi Olubiyi, the NSIA spokesperson, also confirmed to PREMIUM TIMES Wednesday night that the agency’s investment in the telecom giant, which commenced in 2014, is still valid.
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MTN Nigeria is 75.81 percent owned by MTN International (Mauritius) Limited (MTNI); 18.7 percent held by Nigerian shareholders through special purpose vehicles; 2.78 percent owned by Mobile Telephone Networks NIC B.V and 1.76 percent owned by Public Investment Corporation SOC Limited.
