MTN Foundation Spends N25.7bn on CSR in 18 Years

Emma Okonji

MTN Foundation, the Corporate Social Responsibility (CSR) vehicle of MTN Nigeria has said that has spent about N25.7 billion in empowering Nigerian youths, communities, healthcare development and educational support since its inception in 2005.

The Executive Secretary of MTN Foundation, Odunayo Sanya, who gave the information during her visit to Fellows of the MTN Innovation Programme Cohort 2 (MTN MIP-2) at the Pan Atlantic University, Ibeju Lekki, Lagos, said the Foundation was able to carry out its yearly activities as a result of the funding it gets from MTN Nigeria, which is one per cent of MTN Nigeria’s profit after task.

According to her, the Foundation is investing in education and youth empowerment and has offered 12,736 scholarships across tertiary institutions in Nigeria, with 400 of such scholarships, offered to students with visual impairment.

“Selection for the scholarship programme is based on academic performance and all beneficiaries must maintain a Cumulative Point Average (CPA) of 3.5 in every semester, in order to continue to enjoy the benefits of the scholarship,” Sanya said.

She further said the Foundation, had in the past 16 years, maintained a partnership with the Musical Society of Nigeria (MUSON), where it sponsors Diploma programme in Music, by purchasing musical instruments and books for the students.  

In the area of community development, Sanya said the Foundation had so far empowered 3,319 communities across the country and executed 1,017 projects across the 36 states of the federation.

“The MTN Foundation has established 150 boreholes in communities across the country and 65 of them are powered by solar energy to provide clean water for the communities,” she said.