Nigerian Government Charges NigComSat To Boost Revenue

Nigeria’s Minister of Communication and Digital Economy, Professor Isa Pantami has tasked the management and staff of the Nigerian Communications Satellite Limited (NIGCOMSAT) on a new Key Performance Indicator to transform and boost the agency into an opportunity-driven entity of revenue generation.

He said this will enhance its capacity to strive in the fast growing Nigerian Digital Economy sector.

The Minister gave the charge in Abuja, the Nation’s capital at the one day Ministerial Retreat organised by the Federal government for the Management and Board Members of NigComSat.

The retreat was tagged:Management for 4th Industrial Revolution(4IR)and Exponential Growth

Professor Pantami noted that it was counter productive for the Government to pay the salaries of agencies with capacity for revenue generation.

“It’s selfish of me to be defending payment of salaries to you,; government cannot continue to pay salaries of revenue generating agencies and companies. Nigcomsat must come up with new strategies to increase revenue generation.”

Speaking further he said, the Oronsaye report only recommended non performing government agencies or companies for merger or scrapping.

“The Oronsaye report simply recommended retainer, merger, and scrapping based on performance. Government cannot think of scrapping or merging an agency or company that is performing but rather, government will support it at all times,” he emphasised.

Thhe Oronsqye report was from the audit of government agencies set up by the government.

He urged the staff to give the board and management the needed support to make NigComSat a self sustaining government company. “I hope you will assist the board and the management to bring about the desired change.”

Pantami cautioned the company not to exploit customers in their bid to increase revenue as it will kill the goal of Customer Centric goal . “Customer centricity is all about exploration and not exploitation of customers.”

The Minister therefore explained the aim of the retreat.