MTN Records 62% Local Procurement, Spends N2.7trn on Nigerian Suppliers in 2025
• Says country constitutes 99.9% of its workforce, has four expatriate staff •May seek 30% investment from Nigerian investors to acquire $1.1bn IHS stake Emma Okonji and Dike Onwuamaeze The
MTN Nigeria has reported a remarkable 62% local procurement rate, spending an astounding N2.7 trillion with Nigerian suppliers in 2025. The telecommunications giant has reduced its expatriate workforce to just four employees, up from over 300 in 2021. Despite having only 99.9% Nigerian workforce, the company aims to attract up to 30% investment from Nigerian investors to acquire a stake in IHS Nigeria, paving the way for the acquisition of IHS Holding Limited.
This strategic move could generate between $900 million and $1.1 billion for MTN. Over the past 25 years, MTN Nigeria has shifted from being a consumer to a producer of technology, with local suppliers now fulfilling most of their technology needs. The company's Chief Financial Officer, Mr. Modupe Kadri, emphasized that local content is about building Nigerian enterprises that can compete anywhere in the world, not just about where money is spent or who supplies services.
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