Director- General/Chief Executive, National Air Space Research and Development Agency, NASRDA, Seidu Onailo Mohammed, has revealed that Nigeria is losiing billions in revenue to foreign satellites and technology firms.
Mohammed, who was a guest speaker at a forum organized by the Institute of Credit Administration (ICA) in Lagos, said it was displeasing to note that the country loses a lot of revenue to capital flight as Africa, including Nigeria patronises mostly foreign satellite communications companies.
The NASRDA Boss said; “Unfortunately Nigeria has only one satellite firm, which is the NigComSat-1R. It must interest you to note that huge revenues are being generated from Africa to other part of the world, because many organisations and ministries and departmental agencies are using foreign satellites.”
He however called for the establishment of a legal and regulatory framework for satellite operators in Nigeria with a view to drive patronage for the Nigerian-made satellite.
