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FG to launch two satellites in two years

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Recession: Nigeria's telecom sector loses N32bn in 2016 Q2​

The Federal Government has hinted of plans to launch two more satellites in the orbit in the next two years, the Minister of Communications and Technology, Mr Adebayo Shittu, has said.

Shittu dropped this hint on Tuesday shortly after he went on a facility tour of the satellite and communications infrastructure of
Nigerian Communications Satellite (NigComSat) Limited  and the Nigerian
Poster Service, NIPOST, in Abuja.

Read also: NASA creates robotic spacecraft to repair satellites

According to the minister, talks were going on between the Federal Government and some foreign partners on the financing of the NigComSat-2 and NigComSat-3 satellites to support the NigComSat-1 that is currently in orbit.

The Federal Government, he assured, hopes to secure funding within the next two years to embark on the project.

“To have an extra satellite you will be talking about between $250 to $300 million and certainly we are looking, and if we can get enough funding for two satellites, I will prefer that and I can assure that two companies including the China Exim bank is willing to assist us fund this new project.”

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