The Chief Executive Officer of Nigerian Communications Satellite Limited (NigComSat), Nkechi Jane Egerton-Idehen, announced that the agency’s revenue grew from $650 million in 2023 to over $2 billion by the end of 2025. She disclosed this at the opening of the 2026 Nigerian Satellite Week in Abuja.

The event also marked the 20th anniversary of NigComSat. It brought together stakeholders from government, industry, and academia to discuss Nigeria’s future in the global space economy.

According to Egerton-Idehen, the agency’s revenues grew from $650 million in 2023 to over $2 billion at the close of 2025. She described the growth as a strong return on Nigeria’s long-term investment in space technology.

The agency has evolved from a single-satellite operator into a multi-service provider. It is now delivering connectivity, broadcasting infrastructure, and broadband services to government, enterprise, and telecommunications clients across Africa and beyond.

Plans are underway for the launch of two new satellites, NIGCOMSAT-2A and NIGCOMSAT-2B, scheduled for 2028 and 2029. Egerton-Idehen stated that the tender process has closed for these satellites, and the agency is now in the financing and implementation stage.

“For 2A and 2B, we have started the process. We have closed the tender and are now back into the financing and implementation stage. 2A is built to come up in 2028, and 2B for 2029,” she said.

Once operational, the new satellites are expected to provide security within Nigeria's borders and neighbouring countries. They will also support security agencies with real-time data collection and intelligence.

NigComSat has also begun the process of replacing the country’s satellite, NIGCOMSAT-1R. This is because the satellite, launched in 2011, is set to complete its 15-year lifespan in 2026. The company is seeking investors from across the globe to support this project.