Nigeria Communications Satellite (NigComSat) is set to spend half of its budget, amounting to N2.57bn, to maintain, upgrade and insure its satellite NigComSat-1R.
The organisation is expected to spend a total of N5.1bn this year. N2.58bn will be for recurrent spending, while the rest will go on satellite operations.
The budget breakdown includes N579.9m for insurance and upgrade of the satellite, N104.7m on its operating system, N713m for turnaround maintenance and N181.9m for its DTH platform.
NigComSat-1R was launched in 2011 as a replacement for the failed and de-orbited communications satellite NigComSat-1.
NigComSat began operating its direct-to-home services in December 2017. It provides commercial broadcasting services to Nigeria and other countries from Senegal in the west to Namibia in the south.