Site icon Nairametrics

Nigeria could make $400 million annually from satellite launch – NASRDA  

FG to use space technology to boost Agriculture- NASRDA

The National Space Research and Development Agency (NASRDA) has said that Nigeria could be earning $400 million annually by becoming a satellite launch destination for other countries.  

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

According to him, the AITL project is captured in Nigeria’s 25-year Space Policy Roadmap. 

He 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. 

Search for investors 

While noting that developing the AITL is a big project that requires huge resources which the Agency’s annual budgetary allocation could barely handle, Shaba said 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. 

The location advantage 

Pointing at the factors that make Nigeria one of the best locations for Satellite launch, the NASRDA DG said: 

The NASRDA boss further said the Agency was talking to other countries due to their interest. He added that offers were being made to some other countries that would want Nigeria to develop the AITL and grant them access over a period. 

Shaba disclosed that the agency was also developing its Rocketry and Propulsion experience, although its profits were coming in trickles.

He said that the agency was exploring to engage every platform to educate Nigerians about Space Science and Technology. 

Avenues being explored included expanding the scope of their social media engagements targeted at the youths and the banks for the development of visibility tools.

According to him, the digital economy is incomplete without satellite and this is why the Agency wanted the youths to identify with the technology.  

 

Exit mobile version