Nigeria Allocates N420m for NigComSat-2 Project Despite Funding Cuts in 2026 Budget
The Nigerian government has allocated N420.97 million for the NigComSat-2 project in the 2026 fiscal year, despite a funding cut from the previous year. The budget reduction of nearly 30% indicates a cautious approach to advancing Nigeria's satellite communication capabilities.
The NigComSat-2 project is part of a broader plan to replace the aging NigComSat-1R satellite, aiming to enhance the nation's broadband, broadcast, and security communications. The budget breakdown shows a total allocation of N9.9 billion for the Nigerian Communications Satellite Limited, with a focus on infrastructure development for satellite ground systems.
The government's strategic use of satellite infrastructure aims to support digital inclusion projects across the country. Additionally, the approval to purchase two new communication satellites aligns with President Bola Tinubu's economic growth plan and the Ministry of Communications and Digital Economy's vision to build a trillion-dollar digital economy.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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