Experts have called for increased investments in Nigeria’s space economy as a way of boosting the Gross Domestic Product.
Available data shows that the space economy is valued at $19 billion on the African continent and about $500 billion in global space.
Speaking yesterday at the first Africa space economy conference and exhibition in Abuja, the President of Abuja Chamber for Commerce and Industry Al-Mujtaba Abubakar said, “The development of the space sector in Nigeria should be done in a responsible and sustainable manner, which requires investing in research and development, building a skilled workforce, engaging in international cooperation, and promoting public-private partnerships”.
In his opening address, Osi Imomoh, the chairman of the Local Organising Committee disclosed that last year the global value of the space economy stood at $524 billion and it is projected to climb up by 41% in the next 5 years.
Speaker Abbas calls for more investment in girl-child education
2 guards, others committed to prison for vandalising Zungeru Hydroelectric Power Station
The Director General of the National Space Research and Development Agency, NASRDA, Dr. Ahmad Halilu Shaba said the conference was designed to bring about a confluence between Practitioners in the space science and technology ecosystem.
