Which satellite are you guys talking about. If it is NigComsat theni'm sorry to tell you that it malfunctioned sometime back and hasn't been functional. Infact, there's a plan by the Federal Govt to launch 2 more satellites by the same chinese company.
However,the idea that Nigeria should get its satellite up in space is a good idea and shows our growth. Being Africa's peacemaker and power broker it is good we have our satellite.
I learnt that the satellite before it broke down was of great importance to many government and private agencies. It however didn't reduce the cost of communication in any way.
The company actually stated that they would open up internet centers across all senatorial zones in the country to make the internet available to the communities but like most govt projects the Job was only on paper.