FG set to commercialize NICOMSAT

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The Federal Government has appointed three executive directors for the Nigerian Communications Satellite Limited (NICOMSAT), as part of a five-year strategic plan to re-position the company.

The new executive directors are Barr.  Samson R. Osagie (Marketing and
Business Development), Mr. Abubakar L. Muhammad (Finance and Administration) and Eng. Kazeem K. Raji (Engineering Services).

The Minister of Communications, Barrister Adebayo Shittu said the
appointees, as seasoned professionals with private sector background, will fill existing vacancies to support the substantive chief executive officer, Mrs. Abimbola Alale to strengthen corporate governance for appropriate positioning of the agency.

The immediate re-positioning plan seeks to commercialize Nigeria’s
satellite infrastructure to generate revenue with Direct to Home (DTH)
and Broadband Connectivity across the country. The plan is estimated
to cost N2 billion with the possibility of generating N5 billion in the first five years of commercialization.

The Minister also hinted that NICOMSAT will pursue an aggressive plan to bridge the limitation to broadband access through communications satellite across the country.

“The viability of the communications satellite industry remains bright
as the industry is the largest and most successful of all commercial
space enterprises, generating more than USD 203 billion globally in
2014 from a paltry USD 89 billion in 2005.

“It is anticipated that this figure will double in 2020. Nigeria must
not be left behind in harnessing the huge, profitable market to its
optimal advantage,” the minister emphasized.

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