Abuja, Nigeria – June 18, 2025
The Abuja Chamber of Commerce and Industry (ACCI) has projected that Nigeria’s emerging space industry holds the potential to contribute up to $1 billion to the national Gross Domestic Product (GDP), if properly harnessed.
This was revealed during a recent stakeholders’ engagement session hosted by the ACCI in partnership with space technology experts and policymakers. The Chamber emphasized the need for increased investment, innovation, and regulatory reform to fully unlock the country’s potential in satellite technology, telecommunications, navigation, and earth observation services.
Speaking at the forum, ACCI President Dr. Al-Mujtaba Abubakar said,
“Nigeria’s strategic position and growing pool of science and engineering talent make the country well-positioned to become a space economy hub in Africa.”
Stakeholders called for stronger collaboration between the National Space Research and Development Agency (NASRDA), private sector players, and international partners to drive local capacity and job creation in the space value chain.