NAIJALINK LIMITED
  • Welcome
  • Our Services
    • Business Intelligence
    • Market Entry & Growth Strategy
    • Meetings, Events &PR
    • Implementation
  • About Us
  • Contact
  • News

STAY CONNECTED

​Updated weekly. For daily updates check our LinkedIn page

Nigeria Set To Acquire Another Satellite

18/2/2021

0 Comments

 
Ten years after the replacement of the country’s first communication satellite, NigComSat 1, the Federal Government has budgeted N3.1 billion for another satellite, NigComSat 2, this year. According to the approved 2021 budget, this will be the main capital project for the country’s satellite company this year.
 
This is coming even as stakeholders continue to lament the underutilisation of the current satellite, NigCom- Sat-1R. The replacement satellite, which was launched in 2011, has a lifespan of 15 years, meaning that it has five years left. Aside the new satellite project, the satellite company will also this year spend N500 million on the upgrade of its ground station, according to the 2021 budget.
 
Before his exit in 2019, the immediate past Minister of Communications, Barrister Adebayo Shittu, had insisted that Nigeria needed two new satellites to act as a backup for the current one. He had announced plans to approach China-Exim Bank to secure a loan of $550 million for the purpose…
 
More details through:
https://www.newtelegraphng.com/nigeria-set-to-acquire-another-satellite/
​
0 Comments



Leave a Reply.

    Categories

    All
    Agriculture
    Automotive
    Aviation
    Bilateral Trade
    Business Climate
    Clean Tech And Environment
    Construction
    Education
    Finance
    FMCG
    Health
    Hospitality
    IT And Software
    Manufacturing
    Maritime
    Media & Entertainment
    Mining
    Oil And Gas
    Real Estate
    (Renewable) Energy
    Retail
    Telco & Internet
    Transport & Logistics

    Archives

    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018

    News Archive from before July 2018

    RSS Feed

​Business Intelligence
Market Entry & Growth Strategy
Meetings, Events & PR
Implementation
Naijalink Limited
2-4 Moseley Road Ikoyi, Lagos, Nigeria.
+234 810 632 8606 | +234 908 200 3225
Send a mail
GDPR & Privacy Policy
Disclaimer
Credits
Naijalink © 2021
  • Welcome
  • Our Services
    • Business Intelligence
    • Market Entry & Growth Strategy
    • Meetings, Events &PR
    • Implementation
  • About Us
  • Contact
  • News