Investing in the Final Frontier: Nigeria’s 2023 Space Budgetary Allocations

May 26, 2023

President-Muhammadu-Buhari-signing — Nigeria's President and Chairman of the National Space Council, HE Muhammadu Buhari

On January 3rd, 2023, Nigeria’s President Muhammadu Buhari approved the 2023 national budget. At an all-time high record of NGN 21.83 trillion (USD 50 billion), the 2023 federal budget is a 20% increase from the amended 2022 budget and is 40% higher than the 2021 budget. The budget assumes that oil prices will be USD...

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