NigComSat Targets $3bn Yearly Revenue as It Pushes for Digital Transformation
The Nigerian Communications Satellite Limited (NigComSat) is aiming to achieve an average annual revenue of $3 billion as part of a sweeping reform to reposition the agency at the heart of Nigeria’s digital economy.
Director-General Jane Egerton-Idehen made this known during the July 2025 DevsInGovernment MDA Workshop Series in Abuja. The event was organised by the Ministry of Communications, Innovation and Digital Economy, with support from Galaxy Backbone and the World Bank.
Egerton-Idehen stated, “Currently, we are projecting to average about three billion dollars in revenue yearly. 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 emphasised the need for increased awareness and outreach to promote NigComSat’s capabilities to enterprise clients.
Executive Director of Technical Services, Abiodun Attah, also highlighted ongoing efforts to expand into underserved markets: “In the past, NigComSat was shying away from going into enterprises; it was shying away from doing business outside the government sector. Now we have gone beyond that.”
The agency has started partnering with telecom operators to deliver 2G, 3G, and 4G services to remote communities, as part of its broader strategy to serve enterprise clients and boost rural connectivity.
With its evolving portfolio, NigComSat is positioning itself as a central player in broadband delivery, satellite infrastructure, and digital transformation. If successful, industry analysts say the move could significantly enhance internet access across Nigeria and provide a stable revenue stream for the agency’s long-term sustainability.
