NIGCOMSAT Targets N8 Billion Sales by 2029

NIGCOMSAT, under the leadership of Managing Director and Chief Executive Officer Jane Egerton-Idehen, is targeting N8 billion in sales from satellite bandwidth by 2029. This goal was set two years ago, and last year the agency achieved N2.2 billion in sales.

Egerton-Idehen disclosed that the agency is implementing an award drive to win back old customers who had left after the deorbiting of Nigeria's first communication satellite in 2008. The replacement satellite, NIGCOMSAT 1R, was launched in 2011, but many customers have sought alternatives due to service issues.

The agency's ground station in Abuja was destroyed in 2019, contributing to low patronage. To address these challenges, Egerton-Idehen emphasized the need for improved infrastructure and technology reliability.

She called on government agencies and private sector players to support NIGCOMSAT, highlighting the agency's development of 80 startups across the country to attract investment.