Abuja
The Federal Government on August 8 in Abuja announced the setting up of a specialized firm to manage and explore the commercial viability of the soon-to-be-launched Nigeria Communications Satellite.
The new company, Nigerian Communications Satellite Limited (NIGCOMSAT LTD), is to ensure that the Federal Government generates as much revenue as possible from the sector.
A governing board has also been set up for NIGCOMSAT. The board has the following responsibilities:
- To facilitate full implementation of the scheme
- To ensure the provision of proper take-off funds for NIGCOMSAT LTD, and
- To assist the management of the company towards the successful implementation and management of its objectives.
At the ceremony to introduce NIGCOMSAT, Science and Technology Minister, Prof. Turner Isoun, explained that NIGCOMSAT LTD was registered with the approval of President Olusegun Obasanjo and would acquire the assets and liabilities of the Nigerian Communications Satellite project.
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"The company is also positioned to provide comprehensive transmission services via digital or analogue system, operate same by either fixed or mobile satellite, direct broadcast satellite services and engage in transponder leasing."
Already, 54 Nigerian engineers drawn from National Space Research and Development Agency of Nigeria (NASRDA) and other sources are being trained on installation, operations and management of the communications satellite which is presently in its assembly, testing and integration development stage.
Prof. Isoun also announced the setting up of another firm to help market images from the first Nigerian satellite. This firm is to be known as Nigeria Images and Consultancy Services.
Copyright © 2006 Nigeria First.