Business
Nigeria to launch two satellites soon – NIGCOMSAT
The Nigeria Communication Satellite Limited on Monday said that it was collaborating with China Great Wall Industry Cooperation (CGWIC) to launch two additional satellites. Mr Samson Osagie, the Executive Director, Marketing and Business Development of the organisation said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday that the satellites would be deployed in the next 36 months.
Osagie explained that the durability of a satellite was 15 years, and that the Nigeria’s current satellite was seven years old. “NIGCOMSAT is collaborating with China Great Wall Industry Cooperation and we are negotiating to launch additional two satellites in 36 months.
“Presently Nigeria does not have the capital to build and finance its own satellite which is why the collaboration is needed.
“The first satellite by Nigeria was launched in 2007 but had issues and was de-orbited. It was later re-launched in 2011 which makes it seven years now. The life span of a satellite is 15 years, which means that the first one is still functional and it is important to note that negotiations for projects like this take time,” Osagie said. According to him, the additional satellites will meet the needs of telecommunication, maritime, defence, broadcast media, Africa, parts of Asia and others.
He said that the two satellites would be launched separately, adding that negotiations on their operations were ongoing simultaneously. NAN reports that NIGCOMSAT-1, the first satellite was originally launched in May 2007, but de-orbited due to malfunctioning of the Solar Array Deployment Assembly. The satellite was later re-launched in 2011 as NIGCOMSAT-1R and had been in the orbit since then.
(NAN)
-
News2 days agoLagos, Kaduna, Oyo, FCT, Ogun top 2025 subnational ease of doing business report
-
Economy15 hours agoBayelsa bans illegal mining activities
-
Finance15 hours agoCBN confirms 82 BDCs fully licensed under revised guidelines
-
Uncategorized2 days agoLagos traders struggle, count their losses as styrofoam disappears in markets
-
Economy16 hours agoMiners kick against northern governors’ proposed ban on mining activities
-
News2 days agoCardano rises as midnight launch triggers rally
-
Finance15 hours agoNigeria’s foreign reserves hits $45bn, rose by $374.66m in one week
-
Uncategorized15 hours agoCentral bank body BIS raises concerns of gold and stocks double bubble
