The Federal Executive Council (FEC) has approved the concession of the Research and Development of Satellite Internet Broadband Project to guarantee fast, reliable, uninterrupted and high-speed fixed broadband net penetration successful each parts of Nigeria, particularly the agrarian areas.
The project, which is regulated by the Infrastructure Concession Regulatory Commission (ICRC), is owned by the National Space Research and Development Agency (NASRDA) nether the Ministry of Science, Technology and Innovation.
It is projected that wrong the upcoming 15-year concession period, the task could make implicit 10,000 nonstop and indirect jobs, make implicit N28 billion, assistance successful the combat against insecurity, mitigate the effect of clime change, assistance successful catastrophe alleviation and amended wellness services, particularly for Nigerians successful the agrarian areas. It volition besides assistance successful the transportation of exertion to Nigerians successful the country of connection instrumentality plan and manufacturing.
Earlier successful the year, the Full Business Case Compliance Certificate (FBC) for the Project was issued by the Director General of ICRC, Michael Ohiani to the Minister of Science, Technology and Innovation, Dr Adeleke Mamora.
He said the projected concession would beryllium carried retired utilizing the Design, Finance, Build, Operate and Transfer (DFBOT) PPP exemplary and the preferred bidder for the Project is Messrs Gilat-Eleo Consortium (GO360).
According to Ohiani astatine the FBC presentation, isolated from ensuring net penetration to agrarian areas, the task volition besides make employment opportunities, make revenues, amended fixed-broadband penetration and enactment the government’s combat against insecurity.
“In presumption of the broadband, we are expecting 10,000 nonstop and indirect jobs for the 15 years of the concession. The task volition besides bring gross of N28 cardinal Naira to the country’’.
Giving much penetration into the broadband project, Ohiani said that the concession besides targets the deployment of implicit 7,000 precise tiny aperture terminals (VSATs) each implicit Nigeria implicit the adjacent 2 years.
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