MTN Foundation was incorporated in July 2004 to offer a sustainable and focused channel through which MTN Nigeria would drive its Corporate Social Responsibility initiatives.
To be a leader in CSR initiatives in Nigeria measured by the impact and sustainability of our projects on our host communities.
To improve the quality of life in the area of Health, Education and Economic Empowerment on a sustainable basis.
Alleviation of health challenges currently facing the country
Provision of access to educational opportunities
Facilitation of economic empowerment of Nigerian citizens
MTNF was incorporated in 2004 to drive MTNN’s various CSR initiatives commissioned in May 2005
Funded by up to 1% Profit After Tax from MTNN for projects
Over N18bn has been committed to MTNF projects to date
Over 550 MTNF project sites in 36 States including the FCT
Key focal areas developed in response to wide stakeholder engagement
In partnership with Government/multilateral agencies
Board of Directors
The major decision-making body of the MTN Foundation is the Board of Directors which is guided by a charter which defines its aims, roles and powers.
A 9 member Board is appointed based on recommendations by MTNN Board. Members come with relevant experience that add value to the activities of the Foundation.
As part of its Governance structure, the Board currently has two committes constituted:
The Project Appraisal Committee is responsible for the appraisal and recommendation of viable and beneficial projects to the Board for consideration. The Committee also ensures the sustainability and effective monitoring of on-going projects.
The Audit Committee assists the Board in carrying out its responsibility of safeguarding the assets of the Foundation in preparing the financial statements. The committee also ensures that effective controls are maintained in the financial and operational processes of the Foundation. In addition, the Foundation engages the services of the firm of PricewaterhouseCoopers as external auditors.See more