MTN Foundation spends N16bn on corporate social investment

…as inducts 1,030 graduands into STSS, SSBS scholarship scheme

 

Whooping sum of N16 billion has so far been spent by MTN Foundation on implementation of various developmental projects and programmes across Nigeria.

The Foundation which partners with State and Local Governments and other project partners, derives its funding from one percent of the annual profits of MTN Nigeria, Abuja City Business gathered.

According to the Foundation, over 16 million Nigerians have so far received support since inception of the Foundation in 2005.

In furtherance of its Corporate Social Investment in the most populated African country, MTN Foundation, last Thursday in Abuja, inducted 1,030 graduates of the MTN Foundation Science and Technology Scholarship Scheme (STSS) and MTN Foundation Scholarship Scheme for Blind Students (SSBS) Alumni Conference.

Nonny Ugboma, MTNF Executive disclosed that a total of 8,454 Nigerians have been on the scheme from its inception in 2009 till date with a total of 3,115 beneficiary worth over N1.6 billion.

Under the arrangement, the Foundation is to provide the sum of N200,000 to each of the newly inducted beneficiaries.

According to Ugboma, the purpose of inauguration of the alumni scheme was to keep watch on the graduates’ welfare and well-being after graduating from the scheme.

In her remarks, Aishatu Sadauki, MTNF Director who spoke on behalf of the MTNF Board and management explained that the conference was aimed at providing critical information and assistance to students who have benefited from MTN foundation scholarships.

Sadauki, a former Deputy Governor of Kaduna State noted that CSI remains an integral part of the Foundation’s DNA, observed that “with over N16 billion invested in 550 project sites spread across the 36 states and Federal Capital Territory, we will continually strive to put smiles on the faces of people in communities throughout Nigeria.”

She also expressed optimism that MTNF Scholars Alumni will create a vibrant social media platform for networking which will expose our graduates to valuable career information for an inspiring career.

To this end, Sadauki urged all the beneficiaries to take advantage of the platform to connect, collaborate and get themselves committed to the development of themselves and the nation.