Nigeria can leverage Space Tech for revenue, Job creation- Expert

TECHDIGEST: The Federal Government has been urged to urgently leverage space technology to make huge revenues and create job opportunities.

The advice was given in Lagos Tuesday at a media event by the Olisa Agbakoba Legal (OAL).

Addressing a select group of editors, Olisa Agbakoba, senior partner, OAL, said Nigeria could benefit hugely from Space technology through right policy frameworks.

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“Our task is to show government that Space technology can solve the revenue challenge of the country and take away poverty. I hope that when the benefits are clear to everybody, they would say, ‘let’s run with it.’

“Employment from Space and revenue from Space is mindboggling. What we are concerned about is to see how Nigeria can tap into this,” he said.

On the level of response from the government, Agbakoba said: “In fairness to the government, they have gone a long way in their thinking in this direction. Unlike before when the government did not think of anything other thing than oil revenue, now that government is cash-strapped you see them being very pro-active in Finance Act as an instrument of bringing in revenue; it is very new.”

According to him, “As we seek a new president in 2023, we need a president who can understand all these; who can harness the energies of Nigeria- from Space, IT, Artificial intelligence, Maritime industry, and put them all together. We are far from being a poor country; Nigeria is extremely a wealthy nation.”

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