Close Menu
    What's Hot

    Solana Price Hovers Around $84, Processes 10bn Transactions

    May 2, 2026

    Tax Cuts: US Fiscal Position to Deteriorate in 2026 -Fitch

    May 2, 2026

    Nigeria Growth Momentum Begins to Shift, 19 Subsectors Contrast

    May 2, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, May 2
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - MarketForces News - FG to Regulate, Licence Space Sector
    News

    FG to Regulate, Licence Space Sector

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiNovember 29, 2024No Comments4 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Fg To Regulate, Licence Space Sector
    Share
    Facebook Twitter Pinterest Email Copy Link

    FG to Regulate, Licence Space Sector

    Chief Uche Nnaji, Minister of Innovation, Science and Technology, has said the Federal Government will soon commence the regulation and licensing of players in the space ecosystem for more revenues generation.

    Nnaji said this at the inauguration of the Advanced Unmanned Aerial Vehicles Laboratory (AUAVL) of the National Space Research and Development Agency (NASRDA) in Abuja on Thursday.

    The inauguration of the laboratory was part of the activities to celebrate 25th Anniversary of Nigeria in Space.

    Nnaji stated that there were lots of illegalities in the oil and gas sector and different sectors of the economy which satellite technology could detect and address.

    “Very soon, we will start regulating and licensing the space sector, the upstream, mainstream and part of downstream, it is a major achievement and it is happening under President Bola Tinubu’s administration.

    “With the application of our unmanned aerial vehicles, we are going to use it to monitor pipeline leakages, pipeline vandalism, and beef up our revenue by monitoring the way ships come into the country.

    “When some of these ships come in, they off their ignition and more than 80 per cent of ships coming into Nigeria ports don’t pay, they don’t pay bunker fees, they off their ignition.

    “We can’t monitor some of these things when we don’t have satellites, but with satellites, we can see all these things and even boost agricultural activities.

    “With our satellites, we can monitor earth movements and all these are part of the small benefits of satellite technology,” Nnaji said.

    In his remarks, the Director-General of NASRDA, Dr Matthew Adepoju, said the agency deserved to go into deploying space spin offs and it was seriously engaging the private sector to develop the space ecosystem.

    “We have done a lot of research, innovative breakthroughs and one of my major priority is how to turn these into products and services for direct benefit to Nigeria’s economy.

    “We are looking at how it can impact security, agriculture and for the first time, we are collaborating with Nigeria Communication Satellite Limited and the Defence Space Administration to forge a renewed hope of relationship in our ecosystem.

    “Part of our core mandate is to develop indigenous capacity not only in satellite, but also in astronomy and all facets of space science and technology, hence the AUAVL.

    “The application of the UAV which we call drones has become a widely acceptable platform for environment monitoring, precision agriculture,” Adepoju said.

    Adepoju appealed to Ministries, Departments and Agencies that required space technology to collaborate with NASRDA to achieve government’s mandate.

    Dr Chichebe Akachukwu, Director and Coordinator of the AUAVL, corroborated that the idea was to ensure the implementation of the Presidential Executive Order 005 of local content development.

    Akachukwu said the materials for the agency’s drones were locally sourced and processed, adding that they were either designed and built in China or America, depending on where they got the correct specifications.

    “The drone we have is for precision agriculture, precision agriculture makes you spend less energy and you have optimal harvest and you can also use it for surveillance.

    “We also have a drone that can be used for long distance and long endurance missions, it can do pipeline monitoring, it can also do other surveillance activities,” he said.

    The director, who said the agency already had laboratory in Abakaliki, Ebonyi State, said the Abuja lab would offer its collaborators the ease of making use of the facility within the Federal Capital Territory.

    Highlight of the event was the launching of NASRDA’s International Journal of Space Technology and Earth Sciences by Mrs Esuabana Nko-Asanye, Permanent Secretary of Ministry of Innovation, Science and Technology.#FG to Regulate, Licence Space Sector#


    Interbank Rates Dip as FAAC Credit Boosts Liquidity

    AUAVL Chief Uche Nnaji FGN NASRDA
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Ogochukwu Ndubuisi
    • Website

    ogochi Ndubuisi is creative content manager with interest in marketing and advertisement. Ogochi supports MarketForces Africa's clients corporate communication units with content development and liaise with media unit for disseminable product information.

    Related Posts

    News

    Solana Price Hovers Around $84, Processes 10bn Transactions

    May 2, 2026
    News

    Tax Cuts: US Fiscal Position to Deteriorate in 2026 -Fitch

    May 2, 2026
    News

    Nigeria Growth Momentum Begins to Shift, 19 Subsectors Contrast

    May 2, 2026
    News

    UK Manufacturing Makes Positive Start to Q2, Nears 4-Year High

    May 2, 2026
    Oil and Gas

    Oil Prices Rise Double-Digit over Unending Peace Talks

    May 1, 2026
    Cryptocurrency

    Solana Gains as Western Union to Launch Stablecoin on Network

    May 1, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    Solana Price Hovers Around $84, Processes 10bn Transactions

    May 2, 2026

    Tax Cuts: US Fiscal Position to Deteriorate in 2026 -Fitch

    May 2, 2026

    Nigeria Growth Momentum Begins to Shift, 19 Subsectors Contrast

    May 2, 2026

    Rep Quits ADC Over Leadership Crisis

    May 2, 2026
    Latest Posts

    Solana Price Hovers Around $84, Processes 10bn Transactions

    May 2, 2026

    Tax Cuts: US Fiscal Position to Deteriorate in 2026 -Fitch

    May 2, 2026

    Nigeria Growth Momentum Begins to Shift, 19 Subsectors Contrast

    May 2, 2026

    UK Manufacturing Makes Positive Start to Q2, Nears 4-Year High

    May 2, 2026

    Oil Prices Rise Double-Digit over Unending Peace Talks

    May 1, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Solana Price Hovers Around $84, Processes 10bn Transactions

    May 2, 2026

    Tax Cuts: US Fiscal Position to Deteriorate in 2026 -Fitch

    May 2, 2026

    Nigeria Growth Momentum Begins to Shift, 19 Subsectors Contrast

    May 2, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.