ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Tech

FG Approves Two Satellites as Nigeria Targets Greater Digital Independence

Victoria Emeto by Victoria Emeto
August 24, 2026
in Tech
0
Nigeria Unveils 2024–2027 Debt Strategy to Cut FX Exposure

The Federal Government has approved the acquisition and deployment of two next-generation communication satellites as part of efforts to reduce Nigeria’s dependence on foreign digital infrastructure and strengthen the country’s technological capacity.

The Federal Executive Council approved the deployment of NIGCOMSAT-2A and NIGCOMSAT-2B, which will be operated by Nigeria Communications Satellite Limited (NIGCOMSAT).

The satellites are expected to expand broadband internet access, broadcasting, enterprise connectivity and critical government communications, particularly in underserved and hard-to-reach areas where conventional telecommunications infrastructure is expensive or difficult to deploy.

NIGCOMSAT’s Acting Head of Corporate Affairs, Stephen Kwande, disclosed the Federal Executive Council’s approval, moving the satellite project into its next stage of implementation.

The new satellites are expected to improve the resilience of Nigeria’s communications infrastructure while extending connectivity to underserved, unserved and remote communities.

They will also support digital services across education, healthcare, agriculture, financial services and government operations.

The infrastructure is expected to provide more secure communications for critical national functions, including security and defence.

NIGCOMSAT Managing Director and Chief Executive Officer, Jane Nkechi Egerton-Idehen, said the project would reduce Nigeria’s reliance on external satellite infrastructure while creating opportunities across the country’s satellite and digital technology value chain.

According to her, the opportunities will cover telecommunications, broadcasting, ground infrastructure, systems integration, technical support and satellite-enabled services.

The project is also expected to strengthen local technical expertise through knowledge transfer, professional training and skills development in satellite engineering, network operations and cybersecurity.

Thales Alenia Space of France and Israel Aerospace Industries will deliver the satellites, while NIGCOMSAT will lead implementation in collaboration with the Federal Ministry of Communications, Innovation and Digital Economy and other relevant government agencies.

The government is targeting the launch of NIGCOMSAT-2A in 2028, followed by NIGCOMSAT-2B in 2029.

The satellite project forms part of a wider government push to develop domestic capacity across Nigeria’s digital economy, including cloud computing and data-centre infrastructure.

Meanwhile, the Director-General of the National Information Technology Development Agency, Kashifu Inuwa, disclosed that the Federal Government had invested more than N3.8 trillion in information technology infrastructure between 2023 and 2026.

Inuwa disclosed this in an interview with TVC News, saying the scale of government spending presented an opportunity to redirect more technology expenditure towards developing local infrastructure and eliminating duplication across ministries, departments and agencies.

“Based on data from 2023 to date, the government invested over N3.8 trillion in IT infrastructure,” Inuwa said.

He argued that greater coordination of the spending could help the government build stronger domestic technological capacity.

“Imagine channeling that investment into building local capacity,” he said.

As part of the strategy, the Federal Government has adopted a Cloud-First policy that discourages ministries, departments and agencies from building separate data centres and server rooms.

Instead, government institutions are expected to transition towards shared cloud infrastructure, which NITDA says could improve efficiency and reduce repeated investments in technology infrastructure.

“The government has agreed to adopt a Cloud-First strategy, meaning MDAs will be discouraged from building standalone data centers or server rooms and required to move to the cloud,” Inuwa said.

He stressed that the policy was not intended to isolate Nigeria from foreign technology providers but to encourage international companies to establish infrastructure and build capacity within the country.

“The initiative is not about Nigeria closing its doors against foreign technologies, but asking them to come and build with us,” he said.

The government’s push for greater control over critical digital infrastructure has intensified through several recent initiatives.

NITDA finalised a data classification framework in February 2025 to support cloud adoption and strengthen data governance.

The Central Bank of Nigeria also directed banks, fintech companies and other payment-system operators in June 2026 to host payment transaction data generated in Nigeria within the country by January 1, 2027.

NITDA subsequently signed a Sovereign Cloud Framework in August, while the Federal Government unveiled a National Digital Cloud Policy aimed at increasing cloud adoption and attracting investment into the sector.

On August 21, NITDA and the Budget Office launched a Joint Technical Committee to develop the fiscal, procurement and investment structures required to implement the National Sovereign Cloud Initiative.

The parallel development of satellite and cloud infrastructure reflects a broader government strategy to keep more of Nigeria’s critical digital operations and technology spending within the country while encouraging international technology companies to establish local infrastructure.

With demand increasing across fintech, artificial intelligence, telecommunications and other digital services, the government expects the investments to improve connectivity and data security while creating jobs, developing technical expertise and reducing Nigeria’s dependence on infrastructure located outside its borders.

Tags: #DigitalEconomy#DigitalInfrastructure#NIGCOMSAT#NigeriaTech
Previous Post

Trump Threatens ‘Most Crushing’ Sanctions on Iran as Oil Prices Slide

Next Post

Nigerians May Pay More for Beer as Breweries Face N113bn Tax Bill, Rising Energy Costs

Victoria Emeto

Victoria Emeto

Next Post
33 Export Lager Relaunches in Nigeria with Nationwide Consumer Campaign

Nigerians May Pay More for Beer as Breweries Face N113bn Tax Bill, Rising Energy Costs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

June 7, 2024
Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

February 10, 2026
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Indian Stocks Edge Higher as Investors Await US Sanctions on Iran

Indian Stocks Edge Higher as Investors Await US Sanctions on Iran

August 24, 2026
33 Export Lager Relaunches in Nigeria with Nationwide Consumer Campaign

Nigerians May Pay More for Beer as Breweries Face N113bn Tax Bill, Rising Energy Costs

August 24, 2026
Nigeria Unveils 2024–2027 Debt Strategy to Cut FX Exposure

FG Approves Two Satellites as Nigeria Targets Greater Digital Independence

August 24, 2026
Markets Stay Cautious Ahead of US Jobs Data as Trump Renews Tariff Threats

Trump Threatens ‘Most Crushing’ Sanctions on Iran as Oil Prices Slide

August 24, 2026
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • West Africa
  • World

Recent News

Indian Stocks Edge Higher as Investors Await US Sanctions on Iran

Indian Stocks Edge Higher as Investors Await US Sanctions on Iran

August 24, 2026
33 Export Lager Relaunches in Nigeria with Nationwide Consumer Campaign

Nigerians May Pay More for Beer as Breweries Face N113bn Tax Bill, Rising Energy Costs

August 24, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!