Close Menu
    What's Hot
    BTCUSD- Bitcoin Plunges to $76k on Major ETF Outflow

    BTCUSD- Bitcoin Plunges to $76k on Major ETF Outflow

    May 18, 2026
    Nigerian Exchange Sheds N81bn as Investors Sentiment Shifts

    Nigerian Exchange Sheds N81bn as Investors Sentiment Shifts

    May 18, 2026
    Naira Depreciates as Stiff FX Inflow Keeps Local Unit on Edge

    Naira Depreciates as Stiff FX Inflow Keeps Local Unit on Edge

    May 18, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, May 19
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News
    News

    Tinubu Promises DICON Funding to Boost Weapon Production

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiAugust 15, 2024No Comments4 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Tinubu Promises DICON Funding to Boost Weapon Production
    Share
    Facebook Twitter Pinterest Email Copy Link

    Tinubu Promises DICON Funding to Boost Weapon Production

    President Bola Tinubu has pledged to make significant investments in the Defence Industries Corporation of Nigeria (DICON) to ensure it achieves its mandates before 2030.

    Tinubu said this in his remarks at the 60th anniversary celebration of DICON and the maiden African Defence Industries Conference holding in Abuja.

    Represented by the Secretary to Government of the Federation, Sen. George Akume, Tinubu said that national security remained a top priority of the administration.

    He noted that the contemporary security challenges the nation was facing required tying into the concept of the Whole of Government and Society Approach to resolve them decisively.

    He added that with the signing of the DICON Act 2023, a new era for DICON has been marked, positioning it as the arrowhead of the nation’s Military Industrial Complex.

    “It is also providing a robust framework to drive our strategic objectives in defence manufacturing and technology and supporting the modernisation of our Armed Forces to address national and subre-gional security challenges.

    “As we celebrate this diamond jubilee, we also embrace a renewed vision for the future, aligned with our administration’s “Renewed Hope Agenda.”

    “The DICON Evolution Strategy and Road Map 2030, based on the DICON Act 2023 that we launch today, aims to bridge performance gaps in our Military Industrial Complex and reposition DICON as a global player, as was long envisaged by our founding fathers.

    “This strategy aligns primarily with two key priorities of our Renewed Hope Agenda: strengthening national security and accelerating economic diversification through industrialisation, digitisation, manufacturing, and innovation.

    “Industrialisation and innovation, as we all know, are capital-intensive ventures but necessary for the growth of any nation.

    “To this end, my administration will invest substantially in DICON to ensure it delivers on its mandate efficiently within the 2030 roadmap timeframe,” he said.

    The president also said that the upgraded capabilities emerging from the strategy would significantly enhance Nigeria’s defence infrastructure, and ensuring peace and prosperity for the nation.

    He added that his passion to see the speedy growth of DICON and Nigeria’s Military Industrial Complex motivated him to sign the DICON Act 2023 into law within his first six months in office.

    According to him, the right environment has thus been created for DICON to be equipped with modern automated production lines and production systems.

    “I am happy to see the progress towards establishing our first uncrewed or unmanned aerial and land vehicle automated production lines.

    “These lofty steps would indeed bring us closer to the rest of the world, and no doubt significantly impact our current efforts to defeat terrorism, banditry, kidnapping, and other violent crimes in our country.”

    Tinubu noted that the newly automated production lines for various categories of  ammunition would provide the armed forces with advanced equipment tailored to the nation’s contemporary challenges, and providing troops with the required advantage over their adversaries.

    “Introducing the BAT A-1 Specialised Assault Rifle and its production line will address small arms proliferation issues while equipping our security operatives with modern fighting capabilities.

    “The proposed state-of-the-art micro motherboard processing facility will be the backbone of robotics and artificial intelligence innovations, leveraging resources from our newly inaugurated lithium development plant in Nasarawa State.

    “Expanding our production capabilities and enhancing our research and development efforts will create jobs, develop human capital, and stimulate economic growth.

    “Establishing a tech hub and R&D lab in Abuja will provide the enabling environment and attract young talent to foster a culture of Innovation, driving Nigeria’s defence industry forward.

    “As we march into the future, international collaborations will play a vital role in our success.

    “The Maiden Africa Defence Industries Conference, which I am honoured to declare open today, is a platform for forging strategic partnerships to enhance our capabilities and promote regional security.

    “I therefore invite our international partners to join us as we work together to build a safer and more prosperous Africa”, the President added. #Tinubu Promises DICON Funding to Boost Weapon Production

    Oyo Govt. Partners FCMB on N1.5bn Scheme for Youth Entrepreneurs

    Bola Ahmed Tinubu
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Related Posts

    BTCUSD- Bitcoin Plunges to $76k on Major ETF Outflow
    News

    BTCUSD- Bitcoin Plunges to $76k on Major ETF Outflow

    May 18, 2026
    Nigerian Exchange Sheds N81bn as Investors Sentiment Shifts
    News

    Nigerian Exchange Sheds N81bn as Investors Sentiment Shifts

    May 18, 2026
    Naira Depreciates as Stiff FX Inflow Keeps Local Unit on Edge
    News

    Naira Depreciates as Stiff FX Inflow Keeps Local Unit on Edge

    May 18, 2026
    WHO Warns of Rising Pandemic Threats
    News

    WHO Warns of Rising Pandemic Threats

    May 18, 2026
    FG Unveils Digital Tax Ombud Platforms to Boost Confidence
    News

    FG Unveils Digital Tax Ombud Platforms to Boost Confidence

    May 18, 2026
    NAICOM Calls for Stronger Consumer-Focused Insurance Practices
    News

    NAICOM Calls for Stronger Consumer-Focused Insurance Practices

    May 18, 2026
    Add A Comment

    Comments are closed.

    Editors Picks
    BTCUSD- Bitcoin Plunges to $76k on Major ETF Outflow

    BTCUSD- Bitcoin Plunges to $76k on Major ETF Outflow

    May 18, 2026
    Nigerian Exchange Sheds N81bn as Investors Sentiment Shifts

    Nigerian Exchange Sheds N81bn as Investors Sentiment Shifts

    May 18, 2026
    Naira Depreciates as Stiff FX Inflow Keeps Local Unit on Edge

    Naira Depreciates as Stiff FX Inflow Keeps Local Unit on Edge

    May 18, 2026
    WHO Warns of Rising Pandemic Threats

    WHO Warns of Rising Pandemic Threats

    May 18, 2026
    Latest Posts
    BTCUSD- Bitcoin Plunges to $76k on Major ETF Outflow

    BTCUSD- Bitcoin Plunges to $76k on Major ETF Outflow

    May 18, 2026
    Nigerian Exchange Sheds N81bn as Investors Sentiment Shifts

    Nigerian Exchange Sheds N81bn as Investors Sentiment Shifts

    May 18, 2026
    Naira Depreciates as Stiff FX Inflow Keeps Local Unit on Edge

    Naira Depreciates as Stiff FX Inflow Keeps Local Unit on Edge

    May 18, 2026
    WHO Warns of Rising Pandemic Threats

    WHO Warns of Rising Pandemic Threats

    May 18, 2026
    FG Unveils Digital Tax Ombud Platforms to Boost Confidence

    FG Unveils Digital Tax Ombud Platforms to Boost Confidence

    May 18, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts
    BTCUSD- Bitcoin Plunges to $76k on Major ETF Outflow

    BTCUSD- Bitcoin Plunges to $76k on Major ETF Outflow

    May 18, 2026
    Nigerian Exchange Sheds N81bn as Investors Sentiment Shifts

    Nigerian Exchange Sheds N81bn as Investors Sentiment Shifts

    May 18, 2026
    Naira Depreciates as Stiff FX Inflow Keeps Local Unit on Edge

    Naira Depreciates as Stiff FX Inflow Keeps Local Unit on Edge

    May 18, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.