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Nigeria Eyes $200 Bln Annual Revenue Through Space Industry Regulation, Minister of Innovation Says

Nigeria Eyes $200 Bln Annual Revenue Through Space Industry Regulation, Minister of Innovation Says

Sputnik Africa

Nigeria Eyes $200 Bln Annual Revenue Through Space Industry Regulation, Minister of Innovation Says"With new space regulation and licensing, companies such as... 11.04.2025, Sputnik Africa

2025-04-11T18:29+0200

2025-04-11T18:29+0200

2025-04-11T18:44+0200

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Nigeria Eyes $200 Bln Annual Revenue Through Space Industry Regulation, Minister of Innovation Says"With new space regulation and licensing, companies such as Starlink, including DSTV, which pay peanuts for using space products and short-changing Nigerians, will be regulated and licensed," local media quoted Uche Nnaji as saying.Moreover, revenue from space regulation and licensing will increase by 18%-20% annually, the minister noted at the workshop on implementing the 2015 regulations for space licensing and supervision.President Bola Tinubu also approved using space technology for revenue generation in the oil and gas sector, targeting an additional $20 billion yearly, the official added."This will ensure that any ship coming into this country, even when they switch off their ignition and glide in without paying bunker fees and other payments, and then head out, space technology can detect their entry for necessary payments," he explained.Subscribe to @sputnik_africa Sputnik Africa | X

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