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

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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