Nigerian Communications Satellite Limited has recorded a sharp increase in revenue, rising from $650 million in 2023 to over $2 billion by the end of 2025, according to Jane Egerton-Idehen, its Chief Executive Officer.
She disclosed this at the opening of the 2026 Nigerian Satellite Week in Abuja, an event that also marks the company’s 20th anniversary and convened stakeholders from government, industry, and academia to examine Nigeria’s role in the global space economy.
Egerton-Idehen described the growth as a strong return on Nigeria’s long-term investment in space technology, noting that the agency has evolved beyond a single-satellite operator into a multi-service provider.
According to her, NigComSat now delivers connectivity, broadcasting infrastructure, and broadband services to government institutions, enterprises, and telecommunications firms across Africa and other regions.
Looking ahead, she revealed that plans are underway to launch two additional satellites, NIGCOMSAT-2A and NIGCOMSAT-2B, scheduled for 2028 and 2029, respectively.
“We have completed the tender process and are now at the financing and implementation stage. NIGCOMSAT-2A is expected in 2028, while 2B will follow in 2029,” she said.
She added that the new satellites will enhance national and regional security by supporting real-time data collection and intelligence for security agencies, while also expanding Nigeria’s communications capacity.
The expansion comes as Nigeria prepares to replace its current satellite, NIGCOMSAT-1R, launched in 2011 and nearing the end of its 15-year lifespan in 2026. President Bola Ahmed Tinubu has already approved the acquisition of the two new satellites.
Within Africa, Nigeria remains a leading player in satellite deployment in West Africa, although countries like Egypt and South Africa maintain a stronger overall presence on the continent.
Industry observers say NigComSat’s rapid revenue growth and expansion plans position it as a key driver of Nigeria’s ambitions in the space and digital economy, with potential to deepen connectivity, enhance security, and unlock new commercial opportunities.
