Nigeria shelves plans to privatise NIGCOMSAT

Investment

A Nigerian government has shelved its plans to sell the Nigerian Communications Satellite (NIGCOMSAT), the Daily Trust reported. The ICT minister Adebayo Shittu said the government had to ditch the plan to privatise NIGCOMSAT because it is a sensitive agency. Shittu said the facility, which is the only full-fledged technological facility in Africa, is a national pride that should not be ceded to the private sector.

The private sector itself has the freedom to pull resources together and host satellites if they feel they need it. Shittu decried the presence of only one satellite hosted by the Nigerian government in the orbit, describing it as very dangerous and risky. But he said the federal government was already making efforts to secure funds from international financiers to host more satellites.
Source: Telecompaper 23 February 2016