The Nigerian Communications Satellite (NIGCOMSAT) has unveiled plans to generate ₦8 billion in revenue within three years by expanding broadband services across the country.
Managing Director Jane Egerton-Idehen disclosed this at a stakeholder roundtable in Lagos on Friday, stressing that only 7% of the company’s broadband capacity is currently in use, leaving 93% underutilized.
“Broadband has the widest use cases, from powering schools and hospitals to connecting naval ships and fintech hubs. The challenge is that we cannot do it alone,” she said.
NIGCOMSAT has demonstrated capability through its Project 774, which connected 45 local government secretariats across eight states within two months — faster than fibre cable providers could deliver.
Egerton-Idehen stressed the need for private sector collaboration:
“We don’t have engineers in every state. Our role is to provide the backbone while partners take services to the market. This way, we can cover Nigeria and even West Africa.”
With competitors like Starlink gaining ground, stakeholders urged government to adopt policies compelling MDAs to patronize NIGCOMSAT over foreign services.
Egerton-Idehen cited examples like Egypt’s NALSAT, which makes $150 million annually, saying Nigeria’s ₦8bn ($3–4m) target is modest if partnerships succeed.
