The Minister of Innovation, Science and Technology, Uche Nnaji, revealed that the Federal Government is aiming to generate 20 billion dollars annually from Nigeria’s space economy through a new space security platform and sweeping regulatory reforms.
Nnaji made the disclosure at the launch of the National Space Research and Development Agency, NASRDA Stakeholders Workshop 2025, held in Abuja.
The event also served as a sensitization and engagement forum on the commencement of space regulations, spectrum management, and licensing, where he unveiled the government’s strategic blueprint to harness space technologies for national revenue generation, with a focus on critical sectors such as oil monitoring and maritime surveillance.
Director General of the National Space Research and Development Agency, NASRDA, Matthew Adepoju, reinforced the minister’s remarks, stressing the vast economic, security, and youth empowerment opportunities within Nigeria’s space sector.
He noted that Nigeria must position itself as a forward-thinking nation by ensuring that space activities within its jurisdiction are well-regulated, commercially driven, and in line with global best practices.