• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, June 6, 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’s space industry valued at $1bn- Shaba

Space

The Matters Press by The Matters Press
October 2, 2023
Reading Time: 2 mins read
0
Nigeria’s space industry valued at $1bn- Shaba

Abuja, Oct. 2, 2023: Dr Halilu Shaba, Director General of the National Space Research and Development Agency (NASRDA), on Sunday said that Nigeria’s space industry could be valued at $1 billon.

RELATED POSTS

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

Shaba explained that the agency had developed the critical mass required for the sector to thrive.

Another factor he explained that determined the value of the sector, he said, was the position of Nigeria at the equator which gave it an advantage over some other countries.

“The value of Nigeria space industry should be worth one billion dollars because we have developed the critical mass, we already have a design of what our next satellite will look like, but we need funds.

“Again, because we are sitting at the equator, all our communications satellites used to have very wide coverage, they are more than any other country.

“Angola launched but the footage is not all over Africa but our satellites will always have footage all over Africa, not only for West Africa and that gives us the market.

“We value ourselves as the only operators at the equator and because of that we imagine our reach, that alone gives us a unique position,’’ Shaba said.

The director general further said that the agency was putting measures in place to liberalise space technology and engage more Nigerians to be more aware to ensure transparency in its service delivery.

Shaba said: “A lot of people use this technology without knowing, they use Global Positioning System (GPS), hand-held phones and they don’t even know that these are space technology.

“In everything we do these days, technology is being used but the common man is not even aware that this same technology is brought to fur.

“We are talking to the people who will break it down to the citizens through the relevant institutions.”

He added that the agency had overtime strengthened partnerships with universities to transform the culture of research.

He explained that the issue of security had been a setback to achieving a 24-hour research culture.

“We are working to change the culture of research because you must have security.

“Comparing with some other countries that are into space science technology, you see that they have about a 24-hour research culture but in the case of Nigeria, we just have about eight hours and yet we are competing.

“We have been consistently trying to see how our centres and campuses located sometimes in the outskirts of town can improve on research by having 24 hours,’’ the director general said.

Shaba said the agency had also been encouraging its researchers to further their studies by undertaking Masters and Doctorate Degree programmes for more in-depth knowledge, hence the critical mass.

Tags: Space
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

June 6, 2025
Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
Next Post
NECA on how to address Nigeria’s economic challenges

NECA calls for definite timelines, quick action on announced palliatives

UK unions seek higher minimum wages for Britons

FG, labour agree on wage increment for all workers

Recommended Stories

SON alerts on second hand gas cylinders

Retailers urge FG to provide incentives to gas investors

September 23, 2023
Old pension scheme beneficiaries get a boost in entitlements

PTAD launches software for pensioners in Northeast

January 26, 2022
Nigeria to close energy gap through Rural Electrification Agency

Tinubu seeks German investment in critical sectors

November 21, 2023

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’s 3MTT gets boost as EU, World Bank back initiative
  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property

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