Wednesday, October 16, 2019
Home Business & Market Analysis How much does Nigeria spend on space science and technology?

How much does Nigeria spend on space science and technology?

Distribution of the total budget of Nigeria on Space (2009-2019)
Distribution of the total budget of Nigeria on Space (2009-2019)

We analyzed fiscal data contained in the annual budgets of the Federal Government of Nigeria between 2009 to 2019. Our research reveals that the Nigerian government spends a significant portion of its annual budget on space science and technology. The annual expenditure on space science and technology is represented through the budgetary allocations of multi-million…

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New Report: The African space economy is now worth USD 7 billion and is projected to grow at a 7.3% compound annual growth rate to exceed USD 10 billion by 2024. Read the executive summary of the African Space Industry Report - 2019 Edition to learn more about the industry. You can order the report online.



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