Abuja: The Director-General of Nigeria Communication Satellite Limited (NigComSat), Jane Egerton-Idehen, has announced the organisation’s ambitious projection of generating an average annual revenue of three billion dollars. Egerton-Idehen shared this information during the July edition of the DevsInGovernment MDA workshop series, organised by the Ministry of Communications, Innovation and Digital Economy, with a focus on NigComSat.
According to News Agency of Nigeria, the programme, supported by Galaxy Backbone and the World Bank, was themed ‘Driving Operational Excellence through Technology at NigComSat’. DevsInGovernment is a community that seeks to form a network of technologists and tech enthusiasts within the civil service who are actively contributing to digital transformation across all government agencies.
Egerton-Idehen emphasized that for NigComSat to experience growth, it must explore innovative ideas and extend the life of its products, which can lead to significant revenue increases. She stated, “Currently we are projecting to average about three billion dollars in revenue year. 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 also highlighted other potential revenue streams beyond broadcasting, which could potentially double or triple the existing revenues from broadcasting. Creating awareness about the programme’s services and solutions was identified as crucial for its success.
Earlier, Abiodun Attah, the Executive Director of Technical Services at NigComSat, mentioned that the agency is setting a new direction in its operations with the aim of increasing revenue earnings and serving the country more effectively. Attah noted that one of the initiatives undertaken by the agency includes collaborating with Mobile Network Operators (MNOs) to support 2G, 3G, and 4G traffic in rural areas lacking connectivity.
“In the past, NigComSat was shying away from going into enterprises; it was shying away from doing businesses outside the government sector. Now we have gone beyond that,” Attah said.
