Abuja, Nigeria — The Federal Government has spotlighted Nigeria’s burgeoning space industry as a vital pillar of economic transformation, with projections estimating an annual revenue generation of $200 billion.
This vision was unveiled by the Minister of Innovation, Science, and Technology, Mr. Uche Nnaji, during a stakeholders’ workshop focused on enforcing the 2015 Space Regulations for Licensing and Supervision of Space Activities.
According to Mr. Nnaji, the nation’s space economy is expected to grow at a rate of 18 to 20 percent yearly, propelled by enhanced licensing systems and a reinforced regulatory framework. He described the initiative as a pivotal stride toward building a competitive and innovation-driven industry.
He further affirmed that the new policy direction, driven by a Presidential directive empowering the National Space Research and Development Agency (NASRDA), will help shield Nigeria’s interests from foreign exploitation while laying the groundwork for a secure and thriving space environment.
Dr. Matthew Adepoju, Director General of NASRDA, reiterated the significance of the regulatory reforms, describing them as a catalyst for job creation, innovation, national security enhancement, and improved revenue streams.
“Compliance with the licensing regime is not just a national priority; it is fundamental to our alignment with international space law,” Dr. Adepoju emphasized.
Guest speaker Dr. Olisa Agbakoba (SAN) called for a revision of the NASRDA Act and associated national policies, citing the need to reflect current advancements and trends in global space exploration.
The event also featured the unveiling of a newly designed NASRDA logo, symbolizing Nigeria’s six geopolitical zones, and the launch of a national digital platform aimed at monitoring space activities. In addition, the Nigerian Science, Technology & Innovation Television received a boost with the official handover of advanced studio equipment.
The Ministry reaffirmed its commitment to harnessing space technology as a driver of national prosperity and global relevance.
By Enoch Odesola | April 9 , 2025
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