Tinubu signs Defence Industries Corporation Bill

  • News
  • November 24, 2023
  • 0 Comments

Tinubu signs Defence Industries Corporation Bill

Tamarauemi Ebimini

President Bola Tinubu has assented to the Defence Industries Corporation of Nigeria (DICON) Bill, 2023.

The Defence Industries Corporation of Nigeria was established on 1 August, 1964, by an Act of Parliament and revised as the DICON Act in Chapter 94 of the Laws of the Federation, 2004.

The Defence Industries Corporation of Nigeria Act, 2023, repeals the previous iteration of the Defence Industries Corporation of Nigeria Act and empowers the Defence Industries Corporation of Nigeria to:

(1) Operate, maintain, and control subsidiaries and ordnance factories to manufacture, store, and dispose of ordnance and ancillary stores and material.

(2) Establish the Defence Industry Technology, Research, and Development Institute (DITRDI) to create an elaborate scientific and research-based technological foundation for Nigeria’s defence industry through the leveraging of combined, multi-disciplinary research from multiple military research institutes for application that leads to commercialization and the development of new military technology and capacity in Nigeria.

(3) Provide a comprehensive regulatory framework for the regulation of the manufacturing, distribution, storage, and disposal of defence articles in Nigeria.

(4) Incentivize the development of a nuanced financing architecture that enables private capital to facilitate research, development, and production in the defence sector in a transparent and predictable fashion.

The Defence Industries Corporation of Nigeria Bill, 2023, was sponsored by the Chairman of the House of Representatives Committee on Defence, Babajimi Benson (APC — Ikorodu Federal Constituency)

  • Related Posts

    • News
    • July 14, 2026
    Olabode congratulates Obamuyi, salutes Aiyedatiwa’s VC choice.

    Olabode congratulates Obamuyi, salutes Aiyedatiwa’s VC choice.   As the Adekunle Ajasin University , Akungba Akoko, AAUA, gets new Vice Chancellor, Prof.Tomola Marshal Obamuyi, Ondo South All Progressives Congress,APC stakeholder,…

    • News
    • July 13, 2026
    Retaining Shetima as VP reflects Tinubu’s sportmanship- Olabode

    Retaining Shetima as VP reflects Tinubu’s sportmanship- Olabode   An All Progressives Congress chieftain and business magnate, Mr.Olabode Omoyele has saluted President Bola Ahmed Tinubu, describing him as great political…

    Leave a Reply

    You Missed

    Olabode congratulates Obamuyi, salutes Aiyedatiwa’s VC choice.

    Olabode congratulates Obamuyi, salutes Aiyedatiwa’s VC choice.

    Retaining Shetima as VP reflects Tinubu’s sportmanship- Olabode

    Retaining Shetima as VP reflects Tinubu’s sportmanship- Olabode

    Experts Warn AI Could Strengthen Extremist Operations Beyond Propaganda.

    Experts Warn AI Could Strengthen Extremist Operations Beyond Propaganda.

    Atiku Urges Security First Leadership After Oyo Schoolchildren Regain Freedom

    Senator Faduyile congratulates Rector, Fed Poly, Ile Oluji on birthday