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China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 (11479 Views)

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China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by Doctorjames(m): 8:31am On Jan 04
Minister of Communications, Adebayo Shittu.
Nigeria’s Minister of Communication, Adebayo Shittu, says Nigeria will procure two new satellites from China at the cost of 550million dollars.

The minister made the disclosure while briefing State House Correspondents after a closed-door meeting with President Muhammadu Buhari on Wednesday.

According to him, the initial plan was for Nigeria to pay 15 percent of $550 million ($82 million) as counterpart funding for the production of the satellites, but because it could not raise the amount, the contract was renegotiated with the China EXIM Bank and the China Great Wall.

 
He said the satellite manufacturers had agreed to pay the entire $550 million to procure two new satellites.

Nigerian Communications Satellite Limited had in 2015 opened talks with China for the financing and construction of two new communication satellites at a cost of $701 million.

The new satellites, to be known as NigComSat-2 and NigComSat-3, are to serve as backup to the country’s existing communications satellite, NigComSat-1R, which was put in the orbit in December 2011.

The government targets to market the satellite services to Nigerian companies as well as across the African continent.

The minister said that two satellites will be ready in two years after the signing of the agreement by the end of this month.

Source: http://naijaboss.com/2018/01/china-to-pay-for-2-nigerian-satellites/
Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by LionDeLeo: 8:34am On Jan 04
Okay
Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by otokx(m): 8:44am On Jan 04
Scam

5 Likes 3 Shares

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by chris4gold(m): 9:12am On Jan 04
E Bami kigbe ole o, ole o ole o. 1day bush meat go catch d hunter cool cool

3 Likes

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by theSpark(m): 10:52am On Jan 04
The ones in space now how have they crashed internet and data costs?

9 Likes

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by EagleScribes: 12:23pm On Jan 04
White elephant project. Of what use has the existing satellites been to the common man?


And to think that we're gonna pay another 82 million dollars!!!!

9 Likes

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by ogwoliun: 12:23pm On Jan 04
Good development

1 Like

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by Airyprince(m): 12:24pm On Jan 04
well till when it done before we can conclude it's true as for now I comment my reserve
Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by HsLBroker(m): 12:25pm On Jan 04
EagleScribes:
White elephant project

1 Like

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by alphaconde(m): 12:25pm On Jan 04
i find everything about space technology boring
Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by lizzypro(f): 12:27pm On Jan 04
Nice one

1 Like 1 Share

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by steppin: 12:30pm On Jan 04
Nothing goes for nothing. They must have calculated the amount they're gonna gain from it, that's why they opted to do it for free.

2 Likes

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by Ralo(m): 12:30pm On Jan 04
If the Chinese are paying for it, best believe they own it and controls it, they’ll use it to spy on us and expand their grips on Africa. This is not a news to cheered but to be sad about.

25 Likes 3 Shares

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by Desyner: 12:34pm On Jan 04
Strange deal . . .

4 Likes 1 Share

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by doctokwus: 12:34pm On Jan 04
This is deceptive headlining and propaganda built on lies and deception by this government,as usual.
Careful reading of the report would show that the China bank would pay for the satellites as a stop gap measure while the Nigerian goverment would eventually pay back the loan in addition to its originally agreed counterpart funding after renegotiation.
The Chinese are not buying outrightly the satellites as headlined before this becomes billed as another achievement of Buhari!

12 Likes

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by londoner: 12:34pm On Jan 04
Absolutely NOTHING in the life is 'FREE'. Let's not be gullible.

2 Likes

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by omowolewa: 12:35pm On Jan 04
That's good, I still believe there must be other terms and conditions as nothing is completely free except God's gift

2 Likes

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by MrIcredible: 12:38pm On Jan 04
Finstar:
What difference will it make? Will it reduce the price of bundle data? undecided

Anyway, visit www.entmirror.com for biz ideas wink
Don't mind the fools


All the ones that useless obj bought, what help have they offered
Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by Deicide: 12:38pm On Jan 04
This is very bad! you know how religious people believe in selling your souL to the devil and sh!t well this is the xame thing only that this one is real if you understand what i mean.

If it were free trains its understandable but Satalite? you dont play with that kind of sh!t thats if you understand what satalite are capable of doing
Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by xlander(m): 12:39pm On Jan 04
Ralo:
If the Chinese are paying for it, best believe they own it and controls it, they’ll use it to spy on us and expand their grips on Africa. This is not a news to cheered but to be sad about.
Keep quiet

1 Like 1 Share

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by Ralo(m): 12:44pm On Jan 04
xlander:

Keep quiet

Don’t quote me EVER again if you have no counter argument. Silly petulant child

Mentally enslaved slowpoke.

2 Likes

Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by Nobody: 12:49pm On Jan 04
otokx:
Scam
Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by Kingdolo(m): 12:49pm On Jan 04
Good development
Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by wickyyolo: 12:54pm On Jan 04
Please they should come and buy Nigeria
Re: China To Pay For 2 Nigerian Satellites, NigComSat-2 And NigComSat-3 by Nobody: 12:56pm On Jan 04
okay.

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