• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, July 4, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Targets $400m Revenue From Satellite Launch Annually

by Royal Ibeh
2 years ago
in Business
Revenue From Satellite Launch
Share on WhatsAppShare on FacebookShare on XTelegram

Nigeria could make $400 million yearly by becoming a satellite launch location for other nations, according to the National Space Research and Development Agency (NASRDA).  

Advertisement

The director-general of NASRDA, Dr Halilu Shaba, who disclosed this in an interview with the media said this is achievable if the country develops its Assembly, Integration and Testing Lab (AITL).

While noting that the AITL project is captured in Nigeria’s 25-year Space Policy Roadmap, Shaba added that the implementation of the Roadmap, which includes launching satellites into orbit from Nigerian soil, is crucial to the development of Space Science and Technology in the country.

He averred that the AITL is a big project that requires huge resources which the agency’s annual budgetary allocation could barely handle, while disclosing that NASRDA has been engaging in advocacies to local investors and 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,” he added.  

RELATED

At LEADERSHIP Twitter Spaces: AMCON Creates Moral Hazard For Banking Industry – Analysts

AMCON Sells Ibadan DisCo For N100bn

1 hour ago
NADF Unveils Digital Tool To Track N19.5bn Agri-support Project

NADF Unveils Digital Tool To Track N19.5bn Agri-support Project

1 hour ago

The NASRDA DG cited Nigeria’s proximity to the equator, better launch window availability, and shorter orbital distance as reasons why it is one of the finest places for satellite launches. “If we are able to serve as a launch site, it means that if 20 satellites are launched from Nigeria a year, you would receive roughly $400 million,” he posited.

The head of NASRDA added that other nations were being discussed because of their interest. 

He continued by saying that offers had been made to ascertain other nations that desired Nigeria to build the AITL and provide them access over time.

“They can come and 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,’’ he said.

Shaba revealed that, although the agency’s income is meagre, it is also expanding its expertise in rocketry and propulsion. In order to teach Nigerians about space science and technology, he claimed that the agency was looking at using every available platform.

“Expanding their social media contacts with young people and banks to produce visibility tools was one of the avenues being investigated,” he asserted, adding that satellite is essential to the digital economy, which is why the agency wished for young people to associate themselves with technology.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Revenue From Satellite Launch
SendShareTweetShare
Previous Post

Reps Move To Recover N10trn Pension Funds Loan To Federal Govt

Next Post

UNGA: Committee Inaugurated To Facilitate Investment Partnerships in States

Royal Ibeh

Royal Ibeh

You May Like

At LEADERSHIP Twitter Spaces: AMCON Creates Moral Hazard For Banking Industry – Analysts
Business

AMCON Sells Ibadan DisCo For N100bn

2025/07/04
NADF Unveils Digital Tool To Track N19.5bn Agri-support Project
Business

NADF Unveils Digital Tool To Track N19.5bn Agri-support Project

2025/07/04
Business

FG Begins Vehicle Recycling Enforcement October, Eyes N60bn Annually

2025/07/04
Zenith Bank Emerges Most Sustainable Bank
Business

Zenith Bank Ranked Nigeria’s Top Tier 1 Bank

2025/07/04
GTCO, 7 Others Post N1.3trn Pre-tax Profit In Q1
Business

GTCO Raises $105m In Share Sale, To List On London Exchange

2025/07/04
Norrenberger Promotes Financial Literacy In Children
Business

Norrenberger Opens Regional Office In Kano

2025/07/04
Leadership Conference advertisement

LATEST

Miley Cyrus’s Video Of ‘Every Girl You’ve Ever Loved’ Features Supermodel Naomi

Korean Staged Cinema Production Raises Question Of How We Treat Elderly In Our Societies

The Chosen Season 6’ Is The Most Gruesome Filming Of The Series – Jenkins & Roumie

‘We Are Open To Music Collaboration Between Korea & Nigerian Artistes

KAPFEST 2025 Calls For Poetry Submissions

Writer Laments Proliferation Of Sham Arts Festivals By Inexperienced Creatives

Onuachu Receives Heroic Welcome At Trabzonspor

43 Countries, 937 Athletes, Officials To Compete At 3rd African U18/U20 Athletics Championships In Abeokuta

NNL Super 8: Barau FC Arrive In Asaba, Eye NPFL Ticket

CDS Musa Pledges Collaboration With NIS To Enhance Military Sports Training

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.