The Director General of National Air Space and Research Development Agency (NASRDA), Seidu Mohammed has during the weekend disclosed that Nigeria has lost a huge sum of  N20 billion to call drops which he noted would have been avoided with modern communication satellites.

CEOAFRICA gathered this from the NASRDA boss at a lecture organised by the agency to commemorate the launch of the first communication satellite, Syncom2, on July 26, 1963 in America which necessitated the first conversation between the first Nigerian Prime Minister, Tafawa Balewa, and the then American President, John Kennedy, on August 23, 1963.

He revealed that the information about the lost revenue is contained in the 2012 publication of the Economic Intelligence Unit of the United States.

However, he noted that the launch of Syncom2 in 1963 symbolised the beginning of technical revolutions across the globe through the application of space science and technology.