• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, January 5, 2026
  • 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

TDF welcomes joint US/Nigeria operations against terrorists in Sokoto

Tinubu building a more modern, combat -ready military – IMPI ‎

Tinubu’s defence spending not shrouded in secrecy – IMPI

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

Gombe: Troops take over to enforce peace
News

TDF welcomes joint US/Nigeria operations against terrorists in Sokoto

December 27, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
News

Tinubu building a more modern, combat -ready military – IMPI ‎

December 22, 2025
Fishermen hail army over retake of Baga
News

Tinubu’s defence spending not shrouded in secrecy – IMPI

December 22, 2025
NBS reports increase in Inflation
Economy/Technology

‎IMPI Hinges 14% Year-End Inflation Forecast on Deep Analysis of Tinubu Reforms

December 18, 2025
Gombe: Troops take over to enforce peace
News

Rescue of 100 abducted students shows Tinubu’s proven commitment to national security – TMSG

December 11, 2025
Nigerians kick against re-opening of schools as COVID-19 bites harder
Economy/Technology

Disbursement of N4.7b TVET stipends, way to go in skill acquisition – TMV

December 11, 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

Eswatini for $140m Afreximbank’s credit

Afreximbank agrees to raise $207m facility with NEXI

March 20, 2022
Sanwo-Olu declares traffic management priority in Lagos

Sanwo-Olu urges private sector to leverage on enterprise-driven innovations

August 10, 2023
Nigeria disburses N56bn to MSMEs

Commonwealth pledges support to grow MSMEs sector in Nigeria

October 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

  • TDF welcomes joint US/Nigeria operations against terrorists in Sokoto
  • Tinubu building a more modern, combat -ready military – IMPI ‎
  • Tinubu’s defence spending not shrouded in secrecy – IMPI

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