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Sudanese firm to invest N32bn in Nigerian satellite
Everest Amaefule, Abuja
Sudanese firm, Elrasid Electronic Trading and Investment Limited, has said it would invest $250million (about N32billion) in Nigeria’s communications satellite, NigComSat –1, billed for inauguration in December.
Chief Executive Officer, Elrasid, Mr. Khali Alsadiq, expressed the interest in a formal letter of intent to the Director-General of the National Space Research and Development Agency, Prof. Robert Boroffice, on Monday.
The expression of interest followed a letter by President Olusegun Obasanjo, inviting African Heads of State to buy into the project and become partners in the communications satellite.
Alsadiq described Nigeria as one of the strongest nations in Africa that was set to play a role in communications satellite technology.
He said that his organisation had studied the profile of Nigeria’s venture into satellite technology and decided to get involved.
A statement issued by Senior Special Assistant Media, NARSDA, Mr. Felix Ale, on Tuesday, said a delegation from Israeli Gilatsatcom, also visited the facilities of the agency on Monday.
Leader of the delegation, Mr. Naftaly Barak, congratulated the Federal Government for the satellite programme.
Project Manager for NigComSat-1, Mr. Ahmed Rufai, who was part of the NASRDA team that received the visiting teams, disclosed that the construction of the satellite project had reached 50 per cent completion.
Describing the visits as historic, Boroffice said, “Africa has come of age in its bid to seek for self-reliance. The continent must be bold to take some decisions to facilitate the much required progress and development for its people and the world at large.”
The PUNCH, Wednesday April 05, 2006
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