by William Ukpe
The Nigerian government has announced the concession of a Research and Development of Satellite Internet Broadband Project which would earn N28 billion over a 15-year period.
This was disclosed by Manji Yarling, Acting Head, Media and Publicity, Infrastructure Concession Regulatory Commission (ICRC) in Abuja on Wednesday after the FEC approved the deal.
The project will also boost Nigeria’s fight against insecurity.
The ICRC noted that the project is owned by the National Space Research and Development Agency, an agency under the Ministry of Science, Technology and Innovation under the supervision of the ICRC.
They added that it would create over 10,000 direct and indirect jobs and generate over N28 billion within the 15-year concession period and help in the fight against insecurity, citing that would also mitigate the effect of climate change, aid in disaster relief, and improve healthcare services.
The Full Business Case Compliance Certificate for the project was issued by the director-general of ICRC, Michael Ohiani, to the Minister of Science, Technology and Innovation, Dr. Adeleke Mamora.
Ohiani said the proposed concession will be carried out using the Design, Finance, Build, Operate and Transfer (DFBOT) PPP model and the preferred bidder for the project is Messrs Gilat-Eleo Consortium (GO360).
According to Ohiani at the FBC presentation, apart from ensuring internet penetration to rural areas, the project will also create employment opportunities, generate revenues, improve fixed-broadband penetration and support the government’s fight against insecurity.
He stated that the concession also targets the deployment of over 7,000 Very Small Aperture Terminal (VSATs) all over Nigeria over the next two years.