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Nigeria : Minister - FG needs $550M to procure new satellites
Publish Date : 02-Nov-2016
Minister of communications, Adebayo Shittu, has announced that the federal government will require about $550 million for the procurement of two new satellites.
Addresssing the media at the end of the 4th national council on communication technology meeting in Kaduna, the minister said with the new satellites in place there would be adequate data exchange and collection in the country.
Shittu noted that with adequate back up, state institutions, agencies and ministries would patronise NigComSat.
He said, "We need just about 550 million dollars to acquire two new satellites; we are already negotiating with China EXIM Bank, who had assured us that they will deliver the money."
He added, "We will negotiate and procure extra satellites for NigComSat, so that there will be adequate back up for and once this done whatever data is stored in one satellite will equally be shared by the two or three satellites. With that, there will not be fear of any problem because there will be enough data collection centre and there will be reliability. Once we are sure that we have three satellites then we can beat our chest that nobody would take Nigeria money outside for the purpose of storing data. Effective radio spectrum monitoring would assist with intelligence gathering and support the security agencies in enhancing security and safety of citizens and the nation in general. In this regard, attention will be paid to the issue of multiple taxation of ICT infrastructure and we are working to have ICT infrastructure designated as Critical National Infrastructure."
He concluded, "We are also working to make more investments in building the capacity and harnessing the talents of our youth. In particular, we are increasing Accelerators and Incubator programmes as a means of building and harnessing the capacity of our increasingly ICT savvy youth population."
