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Nigeria To Launch 2 New Satellites With China Loan - Shittu - Politics - Nairaland

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Nigeria To Launch 2 New Satellites With China Loan - Shittu by CeoNewshelm(m): 12:41pm On Jan 24, 2017
The Minister of Communications, Mr Adebayo Shittu on Monday said Nigeria has planned to build and launch two additional satellites to space to improve local communication capacity.


This is coming as the Minister warned that Nigeria must not scare away MTN as lawmakers investigate alleged illegal money transfers just three months after the government fined Africa’s biggest telecoms firm over $1 billion.


Shittu said the new satellites will be build using a $550 million loan from the Export-Import Bank of China, which will cover 85% of the cost while Nigeria will finance the other 15 per cent.





The minister, thereby call on domestic and foreign investors to take part in the funding.


Recall that the minister had during a town hall meeting in Kaduna on the one year anniversary of President Muhammadu Buhari-led administration, said legislation would be made to protect investment, patronage and compel Nigerian institutions to host their information locally.


He said then that Nigeria would launch two additional satellites to space to improve local communication capacity because businesses in Nigeria were skeptical of linking the only satellite Nigeria has because of fear of crash.

http://www.newshelm.com/2017/01/nigeria-to-launch-2-new-satellites-with.html

2 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Nobody: 12:44pm On Jan 24, 2017
shocked
You take 550million USD loan just to launch satellites

Is that Nigeria's problems

-You won't take loan to build a 2nd Niger bridge,
-You won't take loan to subsidize the price of foreign rice,
-You won't take loan to build more refineries,
-You won't take loan to build more hydro dams that will generate electricity.

Who for Nigeria that satellite epp abeg?

Clueless government.... pikin never grow teeth but e wan chop boole.

Devil punish APC and the zombies supporting this government.

77 Likes 6 Shares

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by ammyluv2002(f): 12:46pm On Jan 24, 2017
WehDone Sir

1 Like

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Horus(m): 1:17pm On Jan 24, 2017

https://www.youtube.com/watch?v=q9rj0-GsHR8

Nigeria to Build Two More Communication Satellites with China

2 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Masquerade7: 1:35pm On Jan 24, 2017
Will it also enhance naira - dollar conversion rate.

1 Like

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by tollytexy(m): 1:35pm On Jan 24, 2017
issooookey! another embezzlement in progress

4 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Araoluwa005(m): 1:35pm On Jan 24, 2017
what did they use the first satellite for? why do we need to build more for now? I am just asking

10 Likes 1 Share

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Nobody: 1:36pm On Jan 24, 2017
Keep launching while the masses are suffering.

4 Likes 2 Shares

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Nobody: 1:36pm On Jan 24, 2017
Satellite to download food for the masses.

Wehdonsir



1

7 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by mmsen: 1:37pm On Jan 24, 2017
NwamaziNwaAro:
shocked
You take 550million USD loan just to launch satellites

Is that Nigeria's problems

-You won't take loan to build a 2nd Niger bridge,
-You won't take loan to subsidize the price of foreign rice,
-You won't take loan to build more refineries,
-You won't take loan to build more hydro dams that will generate electricity.

Who for Nigeria that satellite epp abeg?

Clueless government.... pikin never grow teeth but e wan chop boole.

Devil punish APC.

Communication is vital to business.

While I am no fan of the APC government or this minister in particular launching satellites for this purpose is perfectly understandable.

9 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by kings09(m): 1:37pm On Jan 24, 2017
Jesu!. When Nigerians r suffering with hunger evrywhr.

APC com n be going in 2019

1 Like

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by tejiritex(m): 1:37pm On Jan 24, 2017
NwamaziNwaAro:
shocked
You take 550million USD loan just to launch satellites

Is that Nigeria's problems

-You won't take loan to build a 2nd Niger bridge,
-You won't take loan to subsidize the price of foreign rice,
-You won't take loan to build more refineries,
-You won't take loan to build more hydro dams that will generate electricity.

Who for Nigeria that satellite epp abeg?

Clueless government.... pikin never grow teeth but e wan chop boole.

Devil punish APC.

I'm sorry for our future generation

11 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Bahddo(m): 1:38pm On Jan 24, 2017
Channel the fund into the power sector. Electricity is a basic need and I wonder why it has been neglected for so long. Give Nigerians constant (or at least near constant) electricity and you'd be surprised the outcome.

If after that there's still fund to waste on satellites, then face the refineries and get them working.

It's a clueless government like all the governments before it. How can you start constructing a building from the roof?

8 Likes 2 Shares

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Chommieblaq(f): 1:38pm On Jan 24, 2017
550 million USD loan for Satelite? When we have many imminent problems.















Truly our ancestors are after us!

5 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by balanceofterror1(m): 1:38pm On Jan 24, 2017
interesting

3 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by lekbel09(m): 1:39pm On Jan 24, 2017
Oloriburuku leaders

1 Like

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Nobody: 1:39pm On Jan 24, 2017
if this is the reason the govt borrowed money then what is the difference between this govt and jonathan's govt in wastefulness.
what is the economic benefit we can gain by this, lets nt deceive ourselves by thinkin that we have joined the big countries that launch satellites

3 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by wellmax(m): 1:39pm On Jan 24, 2017
NwamaziNwaAro:
:[s]o
You take 550million USD loan just to launch satellites

Is that Nigeria's problems

-You won't take loan to build a 2nd Niger bridge,
-You won't take loan to subsidize the price of foreign rice,
-You won't take loan to build more refineries,
-You won't take loan to build more hydro dams that will generate electricity.

Who for Nigeria that satellite epp abeg?

Clueless government.... pikin never grow teeth but e wan chop boole.

Devil punish APC.[/s]

If communication and connectivity is not your concern, I wonder where you are from?
Apart from communication, satellite could also provide Nigeria with the ability to enhance food security through monthly crop monitoring, assist with burgeoning urban planning demands and, through the development of engineering skills, advance the country's technological capability. Ignoramus
Hatred can be put to better use if you only try.

9 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by frisky2good(m): 1:39pm On Jan 24, 2017
Make I no hear say satellite lost again oooooo grin

1 Like

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Godsate: 1:39pm On Jan 24, 2017
Can somebody educate me please ?


What is the advantage of this to the present challenges that nigerians are facing?

What is the impact on average nigerian on the street ?

2 Likes 1 Share

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Joel3(m): 1:40pm On Jan 24, 2017
....wow. they are borrowing money for satellite? for this recession when people can't eat? this government is not serious.. i am of the opinion that any money borrowed by this government will be lavished and wasted away into the sewer.

we don't need that loan if it's for satellite... this guys are hell bent looking for money too steal and upcoming election. Niger Delta oil has bleed for too long. how long can we continue like this this country is not working and let go our separate ways.

1 Like

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Emisco1(m): 1:40pm On Jan 24, 2017
launching satelit that would b covered by grasses (if they exist)

give me make I take play 2odd correct game. and give you your balance..


RUBBISH

2 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by amclimax(m): 1:41pm On Jan 24, 2017
is it true that BUBU THE COW is dead? RIP if true , if false RIP in advance

1 Like

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by soberdrunk(m): 1:42pm On Jan 24, 2017
With all the children dying of hunger in IDP camps.......... angry angry

2 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by datrailblazer(m): 1:43pm On Jan 24, 2017
NwamaziNwaAro:
shocked You take 550million USD loan just to launch satellites
Is that Nigeria's problems
-You won't take loan to build a 2nd Niger bridge, -You won't take loan to subsidize the price of foreign rice, -You won't take loan to build more refineries, -You won't take loan to build more hydro dams that will generate electricity.
Who for Nigeria that satellite epp abeg?
Clueless government.... pikin never grow teeth but e wan chop boole.
Devil punish APC.
without satellite how do you think you can comment on this post?

8 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Nobody: 1:43pm On Jan 24, 2017
this government is a failure i won what yu wanna use that kinda amount to do about satellite @ least we still communicating so they should face the mases on food, electrictity( no 1 problem)
It's unfair now 550million shocked
[color=#990000]
Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Nobody: 1:43pm On Jan 24, 2017
My question is should securing a satellite be so imminent that we need a loan to get it done when of course we would be hiring the same Chinese to conduct the launching. Do these guys reason at all ? Couldnt they secure a loan to conduct wide-scale massive agricultural projects across the entire states that will push up production, reduce cost on processed goods, reduce dependent-mindset on oil, create jobs and opportunities, reduce importation and combat the rising prices of food? Please help me guys help me.. am i crazzzzy or is it these guys

5 Likes 1 Share

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by femi4: 1:43pm On Jan 24, 2017
Bahddo:
Channel the funds into the power sector. Electricity is a basic need and I wonder why it has been neglected for so long. Give Nigerians constant and you'd be surprised the wonders they would do with it.

It's a clueless government like all the governments before it. How can you start constructing a building from the roof?
Power sector problem is not fund

1 Like

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by theSpark(m): 1:43pm On Jan 24, 2017
Wehdone sir
Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Godsate: 1:43pm On Jan 24, 2017
wellmax:


If communication and connectivity is not your concern, I wonder where you are from?
Apart from communication, satellite could also provide Nigeria with the ability to enhance food security through monthly crop monitoring, assist with burgeoning urban planning demands and, through the development of engineering skills, advance the country's technological capability. Ignoramus
Hatred can be put to better use if you only try.
h

Oga know all, please oh me I no go school. But, I think standard of living of nigerians in terms of good food, accomodation, health including electricity is more important than this you communication and connectivity you are talking.

I still believe that the money can be channelled to something that will benefit average Nigerian

Please, make you no vex oooh.

8 Likes 1 Share

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by Nobody: 1:44pm On Jan 24, 2017
datrailblazer:


without satellite how do you think you can comment on this post?

Yes Satellite is needed to facilitate chatting calling etc but that is not a job for the Government. Do not mis-educate people. Alcatel was going to launch a killer satellite about 15-20 years ago, wasn't it the same Government that killed it?

2 Likes

Re: Nigeria To Launch 2 New Satellites With China Loan - Shittu by moralex(m): 1:45pm On Jan 24, 2017
misplaced priority, yeah ... let's lunch another satellite so that some old suckers can get kickback money.

2 Likes

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