Broadband issuance to rake in N48bn revenue, create 10,000 jobs – ICRC

The Infrastructure Concession Regulatory Commission (ICRC) has issued two Full Business Case (FBC) certificates to the Federal Ministry of Science, Technology and Innovation for the concession of a Satellite Internet Broadband project as well as a Museum and Planetarium project.

The FBCs were presented by the Director General of the ICRC, Michael Ohiani, to the Minister of Science Technology and Innovation, Dr. Adeleke Mamora.

A Planetarium is a domed building in which images of stars, planets, and constellations are projected for public entertainment or education.

The projects which will be executed through the National Space Research and Development Agency (NARSDA) is expected to generate over N48 billion in revenue, create over 10,000 direct and indirect jobs and also aid the fight against insecurity, while providing internet penetration to rural areas.

ICRC DG, Ohiani said “It will also enhance tourism, capacity building, education, innovation and also address security challenges,” he said.

Receiving the FBCs, the Minister commended the DG of ICRC and his counterpart in NARSDA, Dr Halilu Shaba for the work they put in to make the project a reality.  

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