MTN Nigeria CEO Appeals for Calm Amid South Africa Xenophobia Backlash
MTN Nigeria's CEO has urged Nigerians not to direct their anger at the company over renewed xenophobic attacks in South Africa.
The appeal comes as public frustration grows over reports involving African migrants, including Nigerians. The company says it should not be held responsible for actions outside its control and is calling for understanding during a period of heightened tensions.
The development has sparked widespread debate over business responsibility, diplomacy, and regional unity.
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💬 Question of the Day: Should Nigerians separate MTN Nigeria from South Africa's xenophobia, or should companies linked to South Africa face economic pressure? Tell us in the comments.[/b]
Xenophobia: MTN Nigeria belongs to Nigerians, not South Africa alone — Toriola
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.
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