President Bola Ahmed Tinubu has approved a N20 billion take-off fund for the National Space Research and Development Agency (NASRDA) to implement its long-awaited regulatory and licensing mandate within Nigeria’s space sector. This decision marks a significant step forward for the agency, which has been unable to fulfill its mandate since its establishment in 1999.
Dr. Matthew Adepoju, NASRDA’s Director-General, disclosed this development during an interview in Abuja. He explained that the approval aligns with Sections 6 and 9 of the NASRDA Act (2010), which empower the agency to oversee space activities in Nigeria. Adepoju emphasized the urgency of space regulation, citing security threats and economic risks posed by unmonitored activities in the sector.
“This fund will enable us to commence space regulation and spectrum management in Nigeria,” Adepoju stated. He highlighted the importance of regulating Nigeria’s upstream, midstream, and downstream space segments to prevent exploitation and ensure Nigerians benefit from space technology.
The licensing framework will require individuals and organizations involved in space-related products and services, such as satellite imagery, telecommunications, and broadcasting, to obtain permits from NASRDA. Adepoju stressed that oversight is critical to safeguarding national security, promoting economic diversification, and generating revenue from industries reliant on space-based services like oil and gas.
While the fund has been approved, bureaucratic procedures have delayed access to it. However, NASRDA has begun setting up platforms to initiate its regulatory functions. This move is expected to enhance Nigeria’s position as a key player in Africa’s growing space economy.
