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NigComSat eyes $3b in annual earnings to power digital growth

The Director-General of Nigerian Communications Satellite Limited, Jane Egerton-Idehen, says the agency is targeting an average annual revenue of $3 billion as part of efforts to reposition itself as a key player in Nigeria’s digital economy.

She disclosed this on Thursday in Abuja at the July edition of the DevsInGovernment MDA Workshop Series, hosted by the Ministry of Communications, Innovation and Digital Economy, with support from Galaxy Backbone and the World Bank.

The session highlighted NigComSat’s operational transformation, held under the theme “Driving Operational Excellence through Technology at NigComSat.”

The DG explained that NigComSat is exploring new revenue streams beyond traditional broadcasting, with a strategic focus on extending the lifespan of its assets and providing innovative solutions to address Nigeria’s connectivity challenges.

“Currently, we are projecting to average about three billion dollars in revenue yearly. If we can think about ideas, we can do more than that, because if you can increase your product life, you can provide more solutions to problems,” she said.

Egerton-Idehen stressed the need to increase awareness of NigComSat’s services and solutions, noting that greater visibility is essential for sustaining growth and attracting enterprise clients.

Earlier, NigComSat’s Executive Director of Technical Services, Abiodun Attah, outlined the agency’s recent efforts to bridge Nigeria’s connectivity gaps.

He revealed that NigComSat is partnering with Mobile Network Operators to carry 2G, 3G, and 4G traffic in underserved rural areas.

“In the past, NigComSat was shying away from going into enterprises; it was shying away from doing businesses outside the government sector,” Attah said. “Now we have gone beyond that.”

This expansion aligns with NigComSat’s broader strategy to reposition itself as a major player not just in broadcasting, but also in enterprise connectivity, satellite broadband, and digital infrastructure services.

The DevsInGovernment initiative, which convened the workshop, is a growing network of technologists and public servants committed to advancing digital transformation across Nigerian government agencies.

By spotlighting NigComSat’s evolving role, the session aimed to demonstrate how technology can enhance operational efficiency and broaden service delivery.