MTN increased salaries in a year that was marred by the Covid-19 pandemic.

Nigeria’s largest mobile operator, MTN, increased the salaries of its staff in 2020 by about N4.5 billion according to findings by Nairametrics Research.
The telecom firm reported a total increase in its salaries and wages from about N25.79 billion in 2019 to about N30.2 billion in 2020, representing about 17% bump. On average, MTN paid N16.4 million per staff per annum in 2020 compared to N13.79 million per staff in 2019 representing an 18.9% increase. This is also because its headcount dropped by about 26 people.
A deep dive into its annual reports also reveals the salary increase was across the board for the year under review. Based on the increase, the least amount a staff earns is N3.5 million per annum from N2.5 million a year earlier.

Analysis of salary increases
• About 141 staff saw their salaries increase to above N3.5 million per annum in 2020.
• Another 260 staff were bumped to a salary scale of between above N7.5 and N8.5 million.
• Finally, another 158 employees were moved to a salary scale of above N12.5 million per annum, its highest pay bracket.
• In summary, a total of 599 employees received various levels of salary increases during the year.
Executive Directors of MTN also reported a pay raise from N586 million per annum in 2019 to N732 million in 2020. This is attributed to the appointment of Modupe Kadiri as Executive Director in March 2020.
Why this matters
The year 2020 was a peculiar year mostly due to the negative effects of Covid-19 which ravaged the finances of most corporations in Nigeria. At the height of the pandemic, some Nigerian companies resorted to downsizing and reduction of overheads as a strategy to maintain financial solvency. However, MTN’s salary increase is a huge departure from the norm.
• MTN reported a 15% increase in revenue (to N1.3 trillion) as Nigerians gobbled up data due to Covid-19 stay-at-home restrictions by the government and most private-sector corporations.
• MTN share price is down 6% year to date.

Credit: https://nairametrics.com/2021/04/06/mtn-increases-staff-salaries-by-17/


Are you a staff of Airtel, Glo, 9mobile? Please tell us what it feels like working there. is the pay worth it? when last was there a pay rise? is there room for career growth as seen with MTN?

MTN MTN How many times will I shout your name?

MTN sacked many workers and nobody is saying anything about it.

I hope this isn't some balance sheet padding to enable them evade tax. The MTN I know will want their workers to contribute their salaries

Ahmed0336:
MTN sacked many workers and nobody is saying anything about it.

The problem is the slavery Manning system we practice in Nigeria. In South Africa MTN recruit directly but here in Nigeria most of their staff are contracted to Huawei and others which gives room for such contractors to treat people the way they feel like.

MTN ..... YOU CANT BEAT THE RICH

Ahmed0336:
MTN sacked many workers and nobody is saying anything about it.

The sacked workers could petition NLC

They've made so much from Nigerians is only right they increased the number of workers pays.

If it's true.. kudos to them.

MTN my ***

My mtn line has stopped since yesterday ... And I don't know what has happened, switched off my phone countless times, removed the Sims several times too.. But still still same..
If anyone can help bout whats going on, I will be grateful...

happybee:
My mtn line has stopped since yesterday ... And I don't know what has happened, switched off my phone countless times, removed the Sims several times too.. But still still same..
If anyone can help bout whats going on, I will be grateful...

Have you link ur NIN

happybee:
My mtn line has stopped since yesterday ... And I don't know what has happened, switched off my phone countless times, removed the Sims several times too.. But still still same..
If anyone can help bout whats going on, I will be grateful...

Please visit their customer care centre nearest to you

FatherCHRISTMAS:


The sacked workers could petition NLC

It wasn't a sack. It was IVSS. They were paid off as I heard.

Commendable.... Better than our government who don't wants to increase salary.

A full time MTN staff take home more salary than a full time staff in many Nigerian owned banks and multinational companies.

To be realistic, without MTN, we will all be in the dark age.

Imagine if only glo was the only telcom in Nigeria?

Low pay with very bad network

Re confirm from your informant they were "heavily' paid off not sacked

Ahmed0336:
MTN sacked many workers and nobody is saying anything about it.

The increase of staff salaries under the first category is #49,572, circa #49,600
Apparently, the increase is waw.

The staff under the second category saw an increase of #106,250 at a go.
Impressive.

Na wah o. God when?

chy200:
Re confirm from your informant they were "heavily' paid off not sacked

Don't mind them. Some of the 'sacked' staff went home with as much as 50m.

OGWILLS123:

Have you link ur NIN

No, bro.
But its not blocked to me, the service just keeps going on and off in seconds...

obyrich:
Please visit their customer care centre nearest to you

Thanks, bro.

Na we go suffer am

Ahmed0336:
MTN sacked many workers and nobody is saying anything about it.

when?

FatherCHRISTMAS:
MTN ..... YOU CANT BEAT THE RICH

REACH

Nice one

The manager of MTN NIGERIA can run Nigeria more efficiently than the kunu drinking Malam in Aso Rock.

Good
But no illegal charges ooo

Good news

What do you expect from the best network in Nigeria. Every worker deserves it