Connect with us

    Hi, what are you looking for?

    Tech

    FG Requests Proposals to Construct New Satellite

    Nigerian Communications Satellite (NigComSat) is inviting Requests for Proposals from the satellite industry to construct and build a giant High Throughput Satellite (HTS).

    The new satellite would serve the nation’s broad array of the communication needs in the areas of Broadcasting, Broadband and Internet Services.

    Bidders must enter their pre-qualification document by April 6 to NigSatCom in Abuja.

    NigSatCom has not been fortunate in its planning. It lost NigComSat-1 back in 2008, while the various organisations supervising Nigeria’s scientific as well as commercial satellite business have allegedly been accused of high spending without tangible results.

    A comment from the Carnegie Endowment for International Peace described the challenges facing the nation, saying: “The Nigerian space agency is considered prime examples of bureaucratic corruption—large amounts of money going to organizations that have no direct impact on the lives of Nigerians.”

    In 2018, Nigeria agreed to give a $550 million equity stake in the state-owned satellite operator NigComSat to a Chinese satellite company, China Great Wall, to manufacture two communications satellites to be launched by China two years after the final agreement is signed.

    China Great Wall now reportedly owns close to 50 per cent equity in the Nigerian government-owned satellite operator.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    E-Financial

    By Mathew Anthony, Market Analyst at FXTM In another positive development for Nigeria, the CBN has proceeded with 50-basis points rate cut. With favourable...

    Tech

    Grey, a cross-border payments provider, has rolled out USD business accounts, bulk payments, and USDC stablecoin integration on one platform to streamline international transactions...

    News

    Catholic Bishops’ Conference of Nigeria (CBCN) has called on the National Assembly to urgently amend the Electoral Act for mandatory real-time transmission of election...

    News

    Ogun State Police Command has updated the public on TikTok user Abigeal Nsikak, aka Mirabel, following her online rape allegation, confirming she underwent medical...