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Nigeria to launch NigComSat-2A, 2B for stronger connectivity

The Federal Government has announced plans to launch two new communication satellites, NigComSat-2A and NigComSat-2B, to enhance digital transformation, national security, and economic growth. The project, led by Nigerian Communications Satellite Limited (NigComSat Ltd), will replace NigComSat-1R, which has been in service since 2011 and is now expected to operate until January 2028 after a lifespan extension. Speaking at a one-day media training in Abuja, Engr. Tope Yosoof explained that the two High-Throughput Satellites (HTS) will provide expanded coverage across West, Central, South, and parts of East Africa. With 77 transponders across multiple frequency bands, the satellites will support broadband internet, national security operations, education, media, agriculture, offshore services, and smart city projects. Yosoof noted that the project will operate under a Public-Private Partnership (PPP) model, with a Request for Proposal (RFP) already issued to attract international manufacturers and service […]

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Sirika Denies ₦100bn Nigeria Air Scam, Says Only ₦3bn Released

Former Aviation Minister Hadi Sirika has dismissed claims that the Nigeria Air project under former President Muhammadu Buhari’s administration was a ₦100 billion scam, insisting the initiative was conceived with good intentions and due process. Speaking on Channels Television’s Morning Brief on Tuesday, Sirika described the reports as misleading. “It is a lie that I spent ₦100 billion. The total budget for the national carrier was ₦5 billion, the total amount released was ₦3 billion, and I left the ministry with over ₦1 billion,” he said. The former minister explained that Nigeria Air was structured as a public-private partnership (PPP) and regulated by the Infrastructure Concession Regulatory Commission (ICRC), which participated actively in the process and issued necessary certificates. The controversial project, launched shortly before Buhari left office, has since come under scrutiny, with Sirika facing trial for alleged corruption […]

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DMO Cautions States on Rising Debt, Urges Focus on Tax Reforms and PPPs

The Debt Management Office (DMO) has advised state governments to reduce reliance on borrowing for infrastructure projects and instead prioritise Public-Private Partnerships (PPPs) and stronger tax revenue mobilisation. Speaking at a World Bank-supported workshop under the States Action on Business Enabling Reforms Programme in Lagos, DMO Director-General Patience Oniha warned that Nigeria must avoid slipping back into a debt crisis similar to what it faced before its 2005 debt relief programme. She stressed that borrowing should only be a last resort, adding that governments at all levels must ensure that any loans taken are prudently utilised and sustainable. “Borrowing should not be the major source of funding. Revenues, especially tax revenues, must be significantly improved. Efficient tax collection ensures more resources for health, education, and infrastructure without raising tax rates,” Oniha said. According to her, PPPs present a more viable […]

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