The Managing Director/CEO of Nigerian Communications Satellite Limited (NigComSat) was not there to deliver a routine speech.

She came with a bold vision, one that could redefine the nation’s satellite communications landscape.

At the July edition of the DevsInGovernment MDA workshop series, Egerton-Idehen unveiled a staggering projection: NigComSat is targeting an average of $3 billion in annual revenue as it expands beyond traditional boundaries.

The event, themed “Driving Operational Excellence through Technology at NigComSat”, was more than a gathering of civil servants and tech enthusiasts.

Supported by Galaxy Backbone and the World Bank, it marked a turning point, a moment when NigComSat declared it was no longer content with playing in the background of Nigeria’s digital evolution.

“For us to grow, we must think differently,” Egerton-Idehen said, her voice steady with intent. “If we can stretch the life of our products and tap into emerging needs, we’re not just talking about $3 billion, we could do even more.”

This ambition is more than a pipe dream. NigComSat is actively diversifying. Broadcasting may have been its traditional stronghold, but new revenue streams, from enterprise connectivity to satellite-powered solutions for unserved rural areas, are already coming online.

Abiodun Attah, executive director of Technical Services, reinforced this shift in strategy. “We’re no longer limiting ourselves to government contracts. We’ve begun working directly with Mobile Network Operators (MNOs) to deliver 2G, 3G, and 4G traffic to remote communities,” he said. “That used to be out of reach, but not anymore.”

Attah’s words reflected a broader cultural shift within NigComSat: a transformation from a reserved, inward-facing agency into a commercial player with an eye on national impact and global relevance.

At its core, the DevsInGovernment initiative, a movement aimed at galvanising technologists within public service, served as the perfect backdrop for this announcement.

For a country chasing digital transformation, the signal was clear: NigComSat is not only orbiting the skies, it’s aiming for the stars.

And if Egerton-Idehen’s vision holds true, the $3 billion target might just be the beginning.

The post NigComSat Charts Path to $3 Billion in Annual Revenue appeared first on Tech | Business | Economy.

He said: “As part of our plans to foster inclusive development and promote access to digital public infrastructure in government, I am happy to announce the launch of Project 774 LG Connectivity.”

This nationwide program aims to connect all 774 Local Government Secretariats to the internet, bridging the digital divide and bringing the benefits of online access to even the most remote corners of the country.

Leveraging existing infrastructure from Nigerian Communications Satellite Limited (NigComSat) and Galaxy Backbone, Project 774 LG Connectivity targets a future where local governments operate with enhanced transparency and efficiency, empowered by reliable and affordable internet connections. 

In connecting these essential offices, the project fosters inclusive development by ensuring equitable participation in the digital economy, even for previously underserved areas.

The Project is expected to create at least 300 direct jobs during deployment, with the potential for even more indirect opportunities arising from increased digital access. This ripple effect has the potential to stimulate economic growth, opening doors for new local businesses and enabling innovation across the nation.

“Project 774 LG Connectivity will create at least 300 direct jobs as we deploy nationwide and potentially more jobs indirectly from the increase in digital access. It is also aligned with our Ministry’s Strategic Blueprint and a significant step in achieving President Bola Ahmed Tinubu’s mandate to deliver efficient public service to our citizens at the LG level.”

Minister Tijani emphasized the project’s alignment with President Bola Ahmed Tinubu’s vision for efficient public service and the Ministry’s strategic goals. He highlighted strategic partnerships, cutting-edge technology deployment, and affordability as key aspects ensuring the project’s success.

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