Connect with us

    Hi, what are you looking for?

    Tech

    FG Set to Launch New Satellite Worth N2.5bn in 2022

    Dr Isa Ali Ibrahim Pantami, minister of Communications and Digital Economy

    Prof Isa Pantami, Minister of Communications and Digital Economy has disclosed plans by the Federal government to launch the second satellite (Sat 2) into orbit to boost the nation’s satellite communications capacity.

    Pantami made the disclosure at a one-day working visit and interactions with staff of Nigerian satellite Communications in Abuja.

    According to Vanguard, the minister hinted that he had secured the approval of President Mohammadu Buhari for purchasing of the satellite.

    He noted that he had gone further to lobby the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, to ensure this was included in the 2022 Budget.

    The existing Sat1R, which was launched in 2011 with a life span of 15 years, will expire in the next four years. The federal government has earmarked the sum of N2.5billion for the satellite 2 project in the 2022 budget estimate.

    According to him, “Since 2019, I have been so passionate about the success of NIGCOMSAT. Starting with the suspension of the privatisation of NIGCOMSAT.

    “As a matter of fact, I have secured the approval of Mr President for purchasing of another Satellite. I went further to lobby the Minister of Finance to ensure that this is included in the 2022 budget.

    “I have also approved establishment of some subsidiaries under NIGCOMSAT as part of efforts to revive the company and make it innovative and productive,” he said.

    “It is a difficult task to revive an institution and make it very successful, that you must make. The challenge of reviving NIGCOMSAT is not just a necessity but an obligation for all the staff,” he said

    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    Your email address will not be published.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

    Tech

    The 2025 edition of AI Forum Nigeria will convene leading figures in business, technology and government to deliberate on the growing shift toward artificial...

    E-Financial

    Kuda has launched its ‘Get more’ campaign, designed to help Nigerians make the switch to rewarding financial services. The campaign is the next phase...

    News

    Nigerian Fintech powerhouse wins Best SME Microfinance Bank, Mastercard’s Largest Non-FI Acquirer in Africa, and Most Outstanding Fintech Company of the Year  Moniepoint Inc...

    News

    Nigerian Entertainment Conference (NECLive), West Africa’s largest gathering of creative industry professionals, is proud to announce MTN Nigeria Plc, the nation’s leading telecommunications provider,...