Nigeria’s President Tinubu Pledges Significant Investments in Defence Industries Corporation
In a bid to strengthen national security, Nigerian President Bola Tinubu has vowed to make substantial investments in the Defence Industries Corporation of Nigeria (DICON) to ensure it achieves its objectives by 2030. The promise was made during the 60th anniversary celebration of DICON and the maiden African Defence Industries Conference held in Abuja.
Tinubu, represented by the Secretary to Government of the Federation, Sen. George Akume, emphasized that national security remains a top priority of the administration. The President highlighted the significance of the DICON Act 2023, which has marked a new era for the corporation. According to Tinubu, the Act positions DICON as the arrowhead of Nigeria’s Military Industrial Complex, providing a robust framework to drive strategic objectives in defence manufacturing and technology.
The signing of the DICON Act 2023 is expected to support the modernization of Nigeria’s Armed Forces, addressing national and sub-regional security challenges. Additionally, the DICON Evolution Strategy and Road Map 2030 aims to bridge performance gaps in the Military Industrial Complex and reposition DICON as a global player, aligning with the administration’s Renewed Hope Agenda.
As Nigeria celebrates DICON’s diamond jubilee, the President’s pledge to invest in the corporation is expected to have a significant impact on the country’s defence capabilities and national security. With this commitment, Nigeria is poised to strengthen its position as a key player in the African Defence Industries Conference and beyond.
