Africa (Commonwealth Union) _ The Federal Government has announced bold plans to generate over $200 billion annually through space regulation and licensing, positioning Nigeria as a key player in the global space economy. Speaking at a stakeholders’ workshop in Abuja, the Minister of Innovation, Science and Technology, Uche Nnaji, emphasized the economic potential of Nigeria’s growing space industry.
The one-day event, hosted by the National Space Research and Development Agency (NASRDA), focused on space regulation, spectrum management, and licensing strategies. Minister Nnaji highlighted the need for proper regulation of companies such as Starlink and DSTV, which he said currently underpay for the use of Nigeria’s space infrastructure. “With the new policies in place, we’re targeting a revenue of over $200 billion annually, with an 18–20% growth rate,” he stated.
President Bola Tinubu has reportedly approved the integration of space technology into national revenue collection efforts, particularly in the oil and gas sector. Nnaji explained that satellites will now monitor ships entering Nigeria’s waters even when they switch off navigation systems to ensure they pay required fees. This measure alone is projected to generate over $20 billion yearly.
The minister stressed that space technology is central to national security and modern economies. “It’s no longer just for dreamers. We need a well-regulated environment that encourages public-private partnerships and innovation,” he added.
NASRDA’s Director-General, Dr. Matthew Adepoju, said the workshop aimed to operationalize the 2015 regulations on space licensing under the 2010 NASRDA Act. He emphasized the importance of structured licensing to promote transparency, ensure compliance with international laws, and secure Nigeria’s growing satellite and space asset base.
According to Adepoju, a regulated framework would also attract foreign and local investments by charging appropriate fees for satellite launches, data services, and spectrum use, thereby commercializing space activities to stimulate the economy.
Senior Advocate of Nigeria Olisa Agbakoba called for a comprehensive review of Nigeria’s outdated 2000 National Space Policy and the domestication of key global space treaties, including the 1967 Outer Space Treaty and the 1979 Moon Agreement. Without legislative backing, he warned, ratified treaties remain unenforceable.
Dr. Umar Bindir, Secretary to the Adamawa State Government, stressed aligning regulatory frameworks with national development goals, encouraging better coordination among agencies and institutions, and promoting awareness of space technology through regular exhibitions.
The event also featured the unveiling of NASRDA’s new logo and the delivery of studio equipment for the Nigerian Science, Technology, and Innovation Television.
