Nigeria’s President Approves 2020 Budget, Allocates USD 59.26 Million For Space Program

Nigeria's President, Muhammadu Buhari addressing the National Assembly.

Nigeria’s President, Muhammadu Buhari, today approved a record ₦10.59 trillion (USD 35 billion) 2020 budget for the country. The budget which was passed earlier this month by the National Assembly assumes a deficit of 1.52% of the estimated gross domestic product to be financed by foreign and domestic borrowing. Part of the budget was allocated…

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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.