….. To capitalize on space security platforms
The Federal Government on Tuesday disclosed a target of generating over $20 billion annually from space technology in Nigeria.
At the inauguration of the space security platform in Abuja, the Minister of Innovation, Science, and Technology, Chief Uche Geoffrey Nnaji, outlined the government’s strategies to leverage space technology for generating national income. He emphasized potential applications in critical areas such as oil oversight and marine surveillance.
“With space-based surveillance, we can detect vessels entering Nigerian waters—even those that switch off their transponders to evade detection.
We’ll have the capability to monitor them, guarantee adherence, and gather the required charges. This single effort has the potential to generate more than $20 billion each year.
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“Space is no longer solely the realm of visionaries; it has become the new arena for significant enterprise, technological advancement, and geopolitical strategy,” he asserted.
“Our task is clear: to establish a transparent, well-regulated ecosystem where public and private actors—from startups to established institutions—can thrive,” he added.
The new space security platform is tied to the enforcement of Nigeria’s 2015 Regulations on the Licensing and Supervision of Space Activities.
Section 4(1) stipulates that nobody “should engage in activities covered by the Regulations without obtaining authorization from a permit issued by the National Space Council.”
These rules are designed to ensure that both domestic and international service providers like Starlink and DSTV are held accountable under Nigerian legislation.
“At present, certain individuals pay adequate fees, whereas others contribute very little, thereby disadvantaging Nigerians. This new regulatory framework aims to rectify this disparity,” Nnaji declared.
On his part, the Director General of the National Space Research and Development Agency (NASRDA), Dr. Matthew Adepoju said the platform will serve as empowerment particularly for youths.
“Nigeria needs to stay ahead of the curve as a progressive country. It’s essential that we regulate space-related endeavors under our control effectively, maximize their commercial potential, and align them with global standards,” Adepoju stated.
NASRDA states that Nigeria could produce approximately 200 billion naira each year through space-related endeavors, with potential annual growth rates ranging from 18-20 percent.
NIGERIAN TRIBUNE
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