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Nigeria ready to launch second satellite – Pantami



Prof. Isa Ali Pantami, Nigeria’s Minister of Communications and Digital Economy has stated that he has received President Muhammadu Buhari’s approval to purchase a new communications for the country.

Nigeria ready to launch second satellite - Pantami

Nigeria ready to launch second satellite – Pantami

The minister made the disclosure while speaking to the of the Nigerian Communications during a visit. He also disclosed that he has secured the consent of the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed to ensure that the funds required are part of the 2022 Budget.

There have been plans by the Government to raise funds for two new satellites since 2017 which the Chinese Export-Import Bank promised to provide in the form of loans to the country to aid its development.

Although the agency was required to raise a 15% part of the required funds in order to be able to access the loans which it had been unable to do until now after it increased its revenue generation capabilities under Pantami’s leadership.

“The achievement of this one year has been better than the previous 10 years and within that 10 years there was a time N100 billion was released but this one no single Kobo was released to us. As the DG of NITDA, I increased the revenue generation of NITDA from N7 billion annually to N19 billion. Leverage on the opportunity and turn things around,” Pantami said in his statement about the improved financial situation of NITDA that has enabled it to take on this project.

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