Government gains N44m from sale of satellite images

Nigeria has generated about £175,000 (N44 million) as satellite monitoring royalties from the Nigeria Sat-1in the orbit, through the supply of imagery capturing and analysing of imagery to other countries.Mohammed Abubakar, minister of science and technology, while corroborating the claim of the NARSDA boss, said that space programme is no longer an exclusive venture reserved for certain nations, but has now become an open playing field with opportunities for all nations of the world to explore and to exploit, stressing that “space industry in the world constitutes one of the major economic sectors contributing substantially to income and employment.”The minister said the huge gains and advantages from space exploration, including its spin-off benefits, have so deeply integrated space technology into everyday life that modern society cannot function efficiently without it.

Today, the products and services of space technology are employed in virtually every facet of our day-to-day living such as weather monitoring, telecommunications, environmental and water resources management, search and rescue disaster management, national security, medicine, etc.

Source: 234next