The Defence Industry Corporation of Nigeria (DICON) has declared its readiness to produce arms and ammunition for Nigeria’s security operatives and other African countries.
Minister of State for Defence, Bello Matawalle, made this assertion on Monday during a press briefing marking DICON’s 60th anniversary and the launch of the Africa Defence Industries conference.
Matawalle emphasized that DICON had evolved from producing small arms to manufacturing military vehicles, artillery, and other defence equipment. He highlighted that several African countries were already procuring arms and ammunition from DICON, showcasing its capabilities.
Despite past reliance on foreign suppliers, Matawalle assured that DICON can meet Nigeria’s security needs. He attributed DICON’s growth to its commitment to self-reliance and national security.
The minister also praised the new DICON Act 2023, stating it would boost foreign exchange earnings, create jobs, and reduce capital flight.
Read Also: Moghalu disagrees with Tinubu on constitutional reform, suggests way forward
He said, “DICON’s journey began with a modest start, focusing on the production of small arms and ammunition. Over the years, DICON has expanded its capabilities, venturing into the manufacture of military vehicles, artillery, and other defence equipment.
“Despite facing challenges, DICON persevered, driven by its commitment to self-reliance and national security. DICON’s 60-year journey is a testament to Nigeria’s commitment to self-reliance in defence production.
“Through collaboration and innovation, the corporation has established itself as a key player in the defence sector. As DICON continues to evolve, its contributions will remain crucial to Nigeria’s national security and economic growth.”
The minister added that the new DICON Act would significantly contribute to national development.
He said, “The new DICON Act 2023 has the potential to significantly contribute to Nigeria’s national development and national security by boosting foreign exchange earnings through local production of defence equipment, creating jobs for skilled Nigerians and reducing capital flight to foreign nations.”
This development positions Nigeria as a key player in the defence sector, promoting self-reliance and collaboration in the region.
The post Defence Industry pledges readiness to bolster arms supply for Nigeria, Africa appeared first on Latest Nigeria News | Top Stories from Naomisophyblog.
