Connect with us


Nigeria’s Spatial Budget increases by a margin of 54% for fiscal year 2021




President of Nigeria: Muhammadu Buhari

Nigerian President Muhammadu Buhari has approved the national budget 2021. The approved budget on the eve of the new years, is 20% higher than 2020, at a record 13.6 trillion ($ 35.66 billion). The budget assumes oil prices of $ 40 per barrel, 1.86 million barrels per day of crude output, and an annual economic growth rate of 3%.

In the approved budget, the total allocation of the country’s spatial program is 33,168,967,785 (USD 86.5 million), an increase of 54% from the 2020 budget which allocated 21,483,232,879 (USD 59.36 million). This amount includes divisions between the National Space Research and Development Agency (NASRDA) and its nationwide space centers, Nigeria Communications Satellite Limited (NigComSat) and the Defense Space Administration (DSA).

Allocations to NASDRA, NIGCOMSAT and DSA

NASRDA was allocated 6,166,477,307, accounting for 3.91% of the total budget for the Ministry of Science and Technology, with additional allocations for its space centers, totaling 14,704,138,864. Nigeria Communications Satellite Limited received 7,906,560,848, representing 20% ​​of the funds made to the Ministry of Communications and Digital Economy. In contrast, the Defense Space Administration received 4,391,790,766, representing 0.45% of the Ministry of Defense allocation.

The approved budget represents some deviations from our previous report, which was based on the proposed budget. The allocation for NASRDA and its centers is now 13.23%, up from 17% previously reported. However, allocations to NigComSat and Space Administration Administration (DSA) have increased from 18% and 0.3% to 20% and 0.45%, respectively.

Nigeria Budget: NASDRA Space Center Allocations

Some of the NASRDA budget will go towards the completion of access roads and laboratories and other research and development projects. The capital allocated for these projects is approximately ALL 2.18 billion. Most of the funds allocated to NigComSat will be used in capital projects, including the NigCoSat 2 satellite project (3,100,000,000), the NigComSat terrestrial satellite upgrade (500,000), and improved access routes as well as data security. Similarly, the DSA will spend most of its allocation on capital projects. Main among its agenda includes additional COC equipment (1 billion), construction of laboratories and land acquisition (1 billion), as well as insurance for operational vehicles and services (447.2 billion).

Purity Man

The man holds a bachelor’s degree in Finance from Nairobi University and is a CFA Level II Candidate. Currently a space analyst in Africa, her experience includes all Project Finance and analysis of Venture Capital & Private Equity Ecosystems in sub-Saharan Africa, with a particular interest in Sustainable Science.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]