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Nigeria is uniquely positioned to become a regional hub for space-driven economic activities with rich human capital, strategic location, and expanding innovation ecosystem.
The President of the Abuja Chamber of Commerce and Industry, ACCI, Dr Emeka Obegolu disclosed this at a media briefing announcing the second edition of the Africa Space Economy Conference and Exhibition, ASEC organised by ACCI and National Space Research and Development Agency, NASRDA in Abuja, Nigeria.
He said the goal of the conference is to create a dynamic and inclusive platform where government, industry, academics, and investors can come together to shape the future of Africa’s space economy.
Dr Obegolu said “Building on this strong foundation, it is with great pride that we announce the second edition of ASEC, themed: “Space Economy and Emerging Markets in Africa.”
“This theme reflects our shared commitment to deepen engagement, expand strategic alliances, and position Africa as a formidable player in the global space economy.”
The ACCI President revealed that this year’s conference will delve into how space-based technologies can drive economic diversification,
strengthen critical infrastructure, and support sustainable development across the continent.
“Although we face challenges, such as limited awareness, infrastructure deficits, and evolving policy frameworks, these hurdles present fertile ground for innovation, collaboration, and investment.” He stated.
“It was with this foresight that ACCI, through our Policy Advocacy Centre, in a strategic partnership with NASRDA, conceptualized the Africa Space Economy Conference and Exhibition.”
The Director General of NASRDA, Dr Matthew Adepoju, said the platform will continue to support the growth of Nigeria’s space ecosystem, African space ecosystem and the global space ecosystem.
“We have invited quite a lot of our partners and this second edition of African Space Economy Conference and Exhibition is definitely going to be a tremendous improvement on the first edition,” he said.
“The space economy is the fastest growing economy sector in the world. It is projected to hit one trillion per annum by the year 2030. Currently, it’s more than 500 billion per annum.”
“This is the fourth industrial revolution and Africa must not play a back side role. It is high time for us to take our rightful position on the seat of Global Innovation, Science and Technology.” Dr Adepoju added
Also speaking, the Chairman, Organising Committee
Africa Space Economy Conference & Exhibition, Osi Imomoh will bring together government leaders, policymakers, space agencies, private sector stakeholders, academia, and international partners to explore opportunities in satellite technology, space exploration, earth observation, telecommunications, and entrepreneurship in the space sector.
According to him, “Key Highlights of ASEC 2025 Include; High-Level Panel Discussions, Featuring African and global space experts on policy, investment, and innovation.
“Exhibition Showcase of Cutting-edge space technologies, startups, and solutions from across Africa and beyond and Investors & Partnerships Forum, Connecting investors with African space ventures” Imomoh said.
Hauwa Abu