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Nigerian Government Boost Space Spending
Abuja - August 8, 2001 Nigeria is planning to spend N9 billion ($US25.4 million) over the next three years implementing the nation's National Space Policy and Programme. The initative reported by This Day was announced July 27 by the Minister of Science and Technology, Prof. Turner Isoun In presenting the policy, Prof Isoun said Nigeria planned to spend N3 billion [US$25.4 million] every year for the next three years. Adding that he hoped this year's allocation would be released soon by the government to ensure that the implementation would not suffer any set-backs. According to This Day the program constitutes an important component of Nigeria's national strategy for socio-economic development through space application and participation in the global economy. Isoun said the policy aimed at aiding the national development and how to manage its agriculture and forestry through the establishment of database for project planning, crop performance assessment, yield production for sustainable food production thereby ensuring food security. He said the development of an effective and efficient communication system, enhancement of the nation's transportation, tourism enterprises, defence and security were part of the thrust of the policy. "Our space programme is neither an ego trip nor a white elephant project that is delinked from our national efforts at improving the quality of life of our people. We cannot at this stage engage ourselves in the luxury of space-faring like the developed countries even though we cannot run away from the imperatives of acquiring the know-how in this area," said Isoun. Isoun said the Nigerian government had to embark on the programme in realisation of the fact that space technology reflected the power of a nation, and that Nigeria as a member of the United Nations Committee on the Peaceful Uses of Outer Space [COPUOS] was committed to the ideal that the exploration and use of outer space should be carried out for peaceful purposes. Community Email This Article Comment On This Article Related Links SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Orbcomm's Equity Financings Complete
Bremen, Germany (SPX) Jan 06, 2006OHB Technology affiliated company Orbcomm has announced that it has completed equity financings totaling over $110 million led by Pacific Corporate Group (PCG), which committed $60 million. New investors, in addition to PCG, include investment firms MH Equity Investors and Torch Hill Capital. |
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