• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, May 15, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria can make $20m from launch of one satellite – NASRDA

Satellite

The Matters Press by The Matters Press
October 2, 2023
Reading Time: 2 mins read
0
NIGCOMSAT set to launch 2 additional Satellites

Abuja, Oct. 2, 2023: The National Space Research and Development Agency (NASRDA) said Nigeria could generate 20 million Dollars from the launch of one satellite if it develops its Assembly, Integration and Testing Lab (AITL).

RELATED POSTS

Nigeria First policy, unique, revolutionary – TMSG

Group seeks action against the menace of fake news, deliberate falsehood

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

Dr Halilu Shaba, Director-General of NASRDA, in Abuja, said they were confident that the 25-year Space Policy Roadmap could be achieved.

Part of the content of the roadmap which included launching satellites into the orbit from Nigerian soil, Shaba said was crucial to the development of Space Science and Technology.

Shaba that achieving such facility was a humongous project that required huge resources which their annual budgetary allocation could barely handle.

He explained that they were engaging in advocacies to investors, other countries to see how partnerships could float the project because the government might not have the sole capacity.

“We are thinking out of the box because it can bring money and we are letting people know that this can bring money.

“The government can partner with the public on that because for you to launch any satellite, the initial deposit you give for the launch of the satellite minus the kilometres you cover is 20 million Dollars to launch one satellite.

“We are also at the equator and getting windows for launch are higher and then the distance to the orbit is shorter.

“ If we can be a launching destination, it means that if we are launching 20 satellites from Nigeria every year, that gives you about 400 million Dollars,’’ he said.

According to him, let’s start and then identify the other issues, and Nigeria will be launching destination for other African countries and the world.

The NASRDA boss further said they were talking to other countries due to their interest.

He added that they were making offer to some other countries that would want Nigeria to develop the AITL and grant them access over a period.

He said “they can come, we develop this together, we share the profit, they can launch and as well have a launch pad.

“Whatever option we are looking at, it has to be to the benefit of Nigeria.’’

Shaba disclosed that the agency was developing on its Rocketry and Propulsion experience, although its profits were coming in trickles.

He said that the agency was exploring to engage every platform to educate Nigerians about Space Science and Technology.

Avenues they were exploring he mentioned included expanding the scope of their social media engagements targeted at the youths and the banks for development of visibility tools.

“We are also looking at expanding broadband reach to rural areas which we got the approval from the Federal Executive Council in November 2022.

“We are already ahead with that, some of the equipment are here already and we are testing the broadband to see its speed,’’ Shaba said.

According to him, when you talk of digital economy, you cannot remove satellite and we want our youths to identify with all these areas because we are open to anyone.

Tags: Satellite
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

IMPI releases new policy statement in defence of the Nigerian economy
Economy/Technology

Nigeria First policy, unique, revolutionary – TMSG

May 15, 2025
Economy/Technology

Group seeks action against the menace of fake news, deliberate falsehood

May 14, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

May 13, 2025
Rescued victims of human from Cote D Ivoire arrive Nigeria
Foreign

Rescued victims of human from Cote D Ivoire arrive Nigeria

May 11, 2025
Northern governors, traditional rulers call for accelerated action against Insecurity
News

Northern governors, traditional rulers call for accelerated action against Insecurity

May 11, 2025
Smile finally visits nurses, now on enhanced salary entry point
Economy/Technology

As enrollment of nurses peaks at 115,000, Nigeria ready to outsource medical personnel to the world – TMV

May 10, 2025
Next Post
Nigeria’s space industry valued at $1bn- Shaba

Nigeria’s space industry valued at $1bn- Shaba

NECA on how to address Nigeria’s economic challenges

NECA calls for definite timelines, quick action on announced palliatives

Recommended Stories

CBN to introduce USSD code to improve eNaira

e-Naira: Challenges of adoption, potential benefits

December 28, 2023
July petrol pump price ranges between N140.80 and N143.80

Marketers kick against restriction of petrol import to refinery owners as contained in PIB

July 13, 2021
July petrol pump price ranges between N140.80 and N143.80

Supply of petrol improves in Lagos

February 13, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria First policy, unique, revolutionary – TMSG
  • Group seeks action against the menace of fake news, deliberate falsehood
  • Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us