Open AccessAfrica’s Space Technology Investment and Socio-Economic Returns: The Case of Nigeria
Author(s) -
Emmanuel Okokondem Okon
Publication year - 2018
Publication title -
international journal of business and management future
Language(s) - English
Resource type - Journals
eISSN - 2575-792X
pISSN - 2575-7911
DOI - 10.46281/ijbmf.v2i1.114
Subject(s) - space (punctuation) , investment (military) , context (archaeology) , sustainable development , space technology , economic growth , business , economic system , economics , political science , engineering , computer science , geography , politics , law , operating system , archaeology , aerospace engineering
Scientific and technological advances and innovations are fundamental to sustained economic and human development. Space exploration programs offer significant potential socio-economic benefits. Unfortunately, in Nigeria, space programme is considered to be less necessary than many other governmental initiatives, particularly in the context of sustainable development. This paper takes a look at space technology investment in Africa and application of space technology in solving socio-economic problems in the continent with a special focus on Nigeria. Also, the paper identified some challenge faced in the Nigerian space programme and made some suggestion. Nigeria must take advantage of innovations in space technology to utilize space and the by-products of space technology to make significant strides in optimizing the resources of socio-economic development and solve national problems in consonance with the global sustainable development agenda.