*Set to commercialise agency
Three executive directors has appointed by the Federal Government for the Nigerian Communications Satellite Limited (NigComsat), as part of a five-year strategic plan to re-position the company.
The new executive directors are Barrister Samson R. Osagie (Marketing and Business Development), Alhaji Abubakar L. Muhammad (Finance and Administration) and Engineer Kazeem K. Raji (Engineering Services).
The Minister of Communications, Barrister Adebayo Shittu said the appointees, all seasoned professionals with private sector background, will fill existing vacancies to support the substantive chief executive officer, Mrs. Abimbola Alale to strengthen corporate governance for appropriate positioning of the agency.
The immediate re-positioning plan seeks to commercialise Nigeria’s satellite infrastructure to generate revenue with Direct to Home (DTH) and Broadband Connectivity across the country. The plan is estimated to cost N2 billion with the prospect of generating N5 billion in the first five years of commercialisation.
The Minister also hinted that NigComsat will pursue an aggressive plan to bridge the limitations to broadband access through communications satellite across the country.
“The viability of the communications satellite industry remains bright as the industry is the largest and most successful of all commercial space enterprises, generating more than USD 203 billion globally in 2014 from a paltry USD 89 billion in 2005.
“It is anticipated that this figure will double in 2020. Nigeria must not be left behind in harnessing the huge, profitable market to its optimal advantage,” the minister emphasised.