NAIRAMETRICS
Dr. Halilu Shaba, the Director General of the National Space Research and Development Agency (NASRDA), has stated that the valuation of Nigeria’s space industry could be as high as $1 billion.
Shaba clarified that the agency had successfully cultivated the essential resources and expertise needed for the sector to prosper.
Nairametrics learnt that Nigeria’s strategic location at the equator provided a competitive advantage, further influencing the sector’s potential value compared to certain other countries.
What he said
According to him,
- “The value of Nigeria’s space industry should be worth one billion dollars because we have developed the critical mass, we already have a design of what our next satellite will look like, but we need funds.
- “Again, because we are sitting at the equator, all our communications satellites used to have very wide coverage, they are more than any other country.
- “Angola launched but the footage is not all over Africa but our satellites will always have footage all over Africa, not only for West Africa and that gives us the market.
- “We value ourselves as the only operators at the equator and because of that we imagine our reach, that alone gives us a unique position,’’ Shaba said.
The Director General also mentioned that the agency is actively implementing measures to democratize space technology and involve a broader spectrum of Nigerians to enhance awareness, thereby ensuring transparency in its service delivery.
