The National Space Research and Development Agency (NASRDA) has stated that Nigeria has the potential to generate $20 million from the launch of just one satellite, provided it develops its Assembly, Integration, and Testing Lab (AITL). Dr Halilu Shaba, the Director-General of NASRDA, expressed confidence in the achievement of the 25-year Space Policy Roadmap in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja.
One crucial aspect of the roadmap is to launch satellites into orbit from Nigerian soil, as it is fundamental to the development of Space Science and Technology. However, Shaba noted that this is a monumental project that requires significant resources beyond the agency’s annual budgetary allocations. In light of this, NASRDA is actively engaging local investors and foreign countries for potential partnerships to drive the project forward, as the government alone may not possess the capacity to fully fund it.
“We are thinking outside the box because we recognize the monetary potential. The government can enter into partnerships with the private sector, as the initial deposit required to launch a satellite is $20 million, excluding the distance covered. With Nigeria’s advantageous location near the equator, an increased number of available launch windows, and shorter distances to the orbit, we can become a lucrative launching destination. If we launch 20 satellites annually, that translates to approximately $400 million,” Shaba explained.
Shaba also revealed that NASRDA is currently exploring partnerships with other countries based on their expressed interest. The agency is open to offers where Nigeria can develop the AITL and provide access to interested parties over a specified period, in addition to sharing the profits. Ultimately, any collaborative effort must benefit Nigeria.
Furthermore, NASRDA is focused on enhancing its Rocketry and Propulsion expertise, even though the profits are currently limited. The agency aims to leverage various platforms to educate Nigerians about Space Science and Technology, including social media engagement with youth and collaboration with banks to develop visibility tools. Additionally, NASRDA plans to expand broadband coverage to rural areas, as approved by the Federal Executive Council in November 2022. The agency is already making significant progress in this regard, testing broadband speeds with available equipment.
Shaba emphasized the importance of satellite technology in the digital economy and encouraged Nigerian youths to take an interest in this field. NASRDA warmly welcomes individuals from all backgrounds to seize the opportunities available in the realm of Space Science and Technology.
