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From Earth to Orbit: The Financial Forces Behind Space

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Blue and White Planet Display Space Economy

The concept of going beyond the Earth has always been something dramatic, even though the power to continue space exploration is not limited to rockets and satellites. They include financial schemes, international alliances, and changing markets, which allow the realisation of ambitious ideas into practical reality. Space economics has become as interesting as space science as governments, commercial ventures, and investors reach into space.

Government Budgets: The First Catalyst

Space ventures have always been based on public spending. The initial period of space exploration, driven by the Cold War between the United States and the Soviet Union, was driven by government funding, not by individual capital. Hundreds of billions were redirected to agencies like NASA, not only to create national pride, but also for scientific knowledge. To this day, the government is a central player. Money has been given to fund planetary research, space stations, and missions to Mars that would have been reluctantly funded by private investors.

But now public funding has taken a new turn. Governments are becoming launch customers and regulators, instead of monopolizing the sector, so as to promote competition in the private sector. This turning point has been useful in opening the gates to a more commercially oriented space industry.

New Frontier, Private Investment.

One of the most significant sources of orbital advancement is now privatized capital. Other companies, such as SpaceX, Blue Origin, and Rocket Lab, are not simple science projects but are businesses with a long-term strategy. Institutional investors and venture capitalists now regard space as something beyond a gamble- it is a possible gold mine in communications, transportation, and data services.

This flow of money by the private players has transformed the speed of innovation. Reusable rockets, which were initially considered unrealistic, are the new norm. Meanwhile, it has become much cheaper so that smaller organizations and even universities can afford to put payloads into space. Risks are always high, but there is always the chance of making profitable returns, which keeps money flowing in. Space tourism, satellite broadband, and asteroid mining can still be seen as something futuristic, yet it is attracting serious funding nowadays.

Partnerships That Bridge Worlds

A trend that is quite impressive is the integration of public and private positions. Big projects need to have shared risk and reward collaborations. The governments can take care of the infrastructure and companies of the technology or delivery systems. To illustrate, ferrying supplies to the International Space Station is contracted to private firms that should fulfill high-level reliability requirements.

Such alliances underscore the fact that space exploration is too costly and complicated for anyone alone to manage alone. Teamwork disperses costs, increases innovation speed, and ensures that the skills of more than one sector focus on the common objective. The projects that result are innovative but financially viable.

Emerging Markets Beyond the Atmosphere

The space industry has a huge overlay of markets behind the rockets and satellites. Satellite communication is among the biggest ones, and it ties the rural communities, ships, and airplanes. The Earth observation systems are also crucial as they provide information on weather predictions, agriculture, and crisis management.

But the picture is expanding. It is the vision of companies to have orbiting factories capable of making materials that are impossible to make on Earth, like ultra-pure crystals and fiber optics. Another high-profile market, although still in its infancy, is space tourism. Both of these trends contribute to the now commonly referred to as the space economy, a developing network of industries that can only operate and make money when in space.

Challenges That Keep the Market Grounded

The opportunities are huge, but the financial challenges are daunting. The cost of launching its costs is less but requires enormous resources. Spacecraft insurance is very costly, and failures in technology can erase years of work in a few seconds. There are also some legal issues hanging over the head, especially regarding the ownership of resources extracted in space or the handling of space debris.

Moreover, investor energy occasionally runs afoul of the fact that the development timeframes are usually long. Contrary to software or consumer technology, space projects may require a decade or more to become mature.

Conclusion:

Space today is a delicate compromise between aspiration and feasibility, driven by the financial forces that are influencing it. Governments continue to act as anchors, and the new capital and risk-taking tastes are introduced by private investors. Alliances fill in the holes, and emerging markets turn space into a business frontier rather than a far-off dream.

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Minister Advocates Coordinated, Trust-Driven Government Communication

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trust-driven government communication

By Aduragbemi Omiyale

The Minister of Information and National Orientation, Mr Mohammed Idris, has emphasised that unified government messaging remains very critical to restoring public trust, especially in delivering the Renewed Hope Agenda of President Bola Tinubu.

He said this on Thursday in Abuja at an interactive session with Directors of Information and Resident Information Officers (RIOs) on grade level 14-17, deployed across Ministries, Departments and Agencies (MDAs).

The event, according to a statement issued on Friday by the Director Public Relations and Protocol of the ministry, Mr Suleiman Haruna, was themed Aligning Public Information with the Renewed Hope Agenda: Rebuilding Trust Through Effective, Transparent Communication.

The Minister noted that government officials must adopt a unified, coordinated, and trust-driven approach to government communication.

He posited that public trust remains the most valuable asset of government communication, stressing that information officers must be guided by honesty, credibility, and consistency in their work.

“Public trust is our most important capital. Once credibility is lost, no amount of messaging can fix it,” the Minister said, warning that fragmented messaging and parallel communication channels weaken government credibility and confuse citizens, insisting that the government must speak with a single, clear, and consistent voice.

“We are one government serving one national interest, and our communication must reflect that unity,” he said.

Mr Idris urged Resident Information Officers to see themselves as active partners within their host MDAs rather than passive observers, encouraging them to engage proactively with Ministers, Permanent Secretaries, and agency leadership, noting that professionalism, relevance, and initiative are key to earning trust and influence.

Addressing the growing pressure of misinformation and the speed of digital media, the founder of Blueprint Newspaper stressed the importance of timely and accurate communication, noting that delays often create space for false narratives. While reaffirming the federal government’s commitment to freedom of expression, he said such freedom must be exercised responsibly.

The Minister also outlined steps being taken to strengthen professionalism within the information cadre, including mandatory periodic reporting, improved deployment processes, continuous training, and stronger institutional support. He disclosed that the Federal Government has begun restoring the National Institute of Public Information to boost capacity building for public communicators.

He called for teamwork and mutual respect, reminding participants that they are central to the projection of government policies and achievements and that they must align their work with the priorities of the Renewed Hope Agenda.

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Senate Forms Seven-Man Committee to Harmonise Electoral Act Amendment Bill

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Godswill akpabio Senate President

By Adedapo Adesanya

The Senate has constituted a seven-man committee to harmonise contributions and opinions on the Electoral Act Amendment Bill, 2026, with a mandate to present a consolidated report to the chamber next Tuesday.

The decision followed over two hours of consideration of the bill’s provisions during a closed-door session on Thursday.

The committee is chaired by the Chairman of the Senate Committee on Judiciary, Human Rights and Legal Matters, Mr Niyi Adegbomore.

Other members are Senators Adamu Aliero, Aminu Tambuwal, Adams Oshiomhole, Danjuma Goje, Tony Nwoye, and Titus Zam.

The group has three days to conclude its assignment and submit its report for consideration at the next plenary session scheduled for next week.

The Senate on Thursday commenced consideration of the Electoral Act 2022 (Repeal and Re-enactment) Bill 2026, moving into a closed-door session to review documents submitted by the Chairman of the Senate Committee on Electoral Matters, Mr Simon Lalong.

The Electoral Act (Repeal and Enactment) Bill, 2025 would expand voter participation, safeguard against electoral fraud, and strengthen institutional capacity of the Independent National Electoral Commission (INEC).

The closed session was convened to allow lawmakers to thoroughly examine the proposed amendments and supporting documents before engaging in further legislative debate on the bill.

This development comes after the upper chamber deferred consideration of the bill on Wednesday, giving lawmakers time to prepare for a detailed review.

Although the House of Representatives has already passed the bill, Senate President Senator Godswill Akpabio underscored the need for thorough scrutiny, given the bill’s implications for the nation’s electoral process.

“This is a very important bill, especially as it is election time. We must take our time to ensure justice is done to all, so that we do not end up at the tribunal,” he said.

According to the committee’s findings, a clause-by-clause analysis of the bill indicates that enacting the legislation would leave Nigerians with an enduring legacy of electoral integrity, enhance transparency, and boost public confidence.

The bill contains more than 20 key innovations distinguishing it from previous electoral frameworks, including provisions recognising the voting rights of prisoners and mandating INEC to register eligible inmates in correctional facilities nationwide.

It also prescribes sanctions for vote-buying ranging from a fine of N5 million to a two-year jail term, as well as a 10-year ban from contesting elections. It also recommends mandatory jail terms and higher fines for offences such as result falsification and obstruction of election officials.

Others include standardising delegates for indirect party primaries to prevent arbitrary determination of delegate criteria by party leaders, while addressing perennial funding challenges to the Independent National Electoral Commission (INEC) by mandating the release of election funds at least one year before polling day.

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Dangote Cement Ibese Plant Launches Safety FairPlay Initiative

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Dangote cement unclaimed dividends

By Modupe Gbadeyanka

A Safety FairPlay initiative designed to drive behavioural change and cultural shift towards safety conducts among its employees has been launched by the Ibese Plant of Dangote Cement Plc.

This programme will drive lasting behavioural and cultural change through an equitable and transparent framework that promotes safe conduct. Built on three core pillars—Recognition, Correction (Coaching) and Discipline.

It rewards positive safety behaviour, ensures consistency in addressing at-risk actions, and encourages open reporting of incidents, near-misses and errors, the company said in a statement on Thursday.

The scheme will be replicated at all the plants of Dangote Cement, marking a significant milestone in strengthening the Company’s safety culture, the organisation added.

The pilot launch of this policy recorded impressive participation from both the management and employees, thus underscoring a shared commitment to safer work practices.

The Technical Director of the cement giant, Mr Anandam Duraisamy, emphasized the strategic importance of the initiative to the business and called on employees to champion a safety culture anchored on fairness, accountability, recognition, and continuous improvement.

He noted that the Safety Fairplay marks a defining moment in the company’s journey toward building a workplace where safety is not just a policy, but a shared mindset—an everyday habit that defines who we are and how we work. We are here to launch an initiative that aims to transform not only what we do, but how we think, act, and respond when it comes to safety.

“Safety FairPlay is about building trust, consistency, and accountability in how we manage safety. When people know that safe behaviour is recognised, risky actions are fairly addressed, and everyone is treated equitably, safety becomes a shared responsibility and a true part of our culture.

“This initiative is about behavioural and cultural change. It recognises that true safety excellence goes beyond equipment, procedures, or compliance; it begins with people-our attitudes, our choices, and our willingness to look out for one another.

“Every incident prevented, every risk spotted, and every safe action taken strengthens our organisation. And that strength comes from you—from each member of our workforce embracing safety as a personal responsibility and a collective value,” he stated.

Also speaking, the Ibese Plant Head of Health, Safety and Environment (HSE), Mr Elvis Akalusi, commended the management for driving the programme and applauded employees for their enthusiastic embrace of the initiative.

He affirmed that the Safety FairPlay Initiative would be fully embedded into the plant’s daily operations, with the full collaboration of all heads of departments.

“This initiative will offer the tools, coaching, recognition, and accountability needed to help each of us make safer decisions. But its success depends on our shared commitment—our courage to consistently do the right thing, even when no one is watching.

“Let us approach this new chapter with open minds and a determination to improve. Let us build a culture where speaking up is encouraged, learning is continuous, and mistakes become opportunities to grow—not reasons for fear,” he stated.

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