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Trending News: Prof.Faduyile congratulates Muslims on Eid -el Kabir celebrationOlabode Omoyele says Tinubu means well for Nigeria, congratulates him over APC Presidential poll  By-election:Prof. Faduyile clinches Ondo South APC Ticket, salutes all stakeholders for supportDagogo’s Emergence Signals Fresh Governance Debate In Rivers.APC Direct Primary Test Faces Questions Over Internal Competition.ADC Youths Push Zoning Debate To Forefront Ahead Of 2027 Primaries.APC Youth Protest Deepens Rift After Kwara Governorship Primary.Olabode Omoyele congratulates victorious APC Assembly members: Aiyebusiwa,Gbegudu, Akinyelure    APC Projects Unity In Rivers As Chinda Emerges Sole Governorship Candidate.Presidency Raises Alarm Over Fake Reports Ahead Of Election Season.Hon.Chris Ayebusiwa wins APC Assembly ticket, emerges Party’s flag bearerOlabode Omoyele sues for calm as aspirants await primaries’ result.Olabode Omoyele hails Tinubu’s ‘I will do more’ rhetoric in KigaliFear Deepens In Oyo Community After Abducted Teacher Reportedly Killed.NDC Tightens 2027 Timeline As Obi Emerges Lone Presidential Aspirant.El-Rufai Detention Deepens Debate Over Due Process, State Powers.Dr. Adeboyeje laid to restFoundation gifts academic, Piggery farmer N1m Grants each for business supportBorno School Abductions Highlight Rising Threats to Children’s Safety.APC Primaries Test Party Unity Ahead Of 2027 Polls.One-Term Promise Sparks Fresh Debate Over Power Rotation Ahead of 2027.APC Primaries Expose Deep Divisions Across States Ahead Of 2027 Polls.Collaborate to have litigation free Primaries- Olabode OmoyeleOlabode Omoyele charges Ikale politicians to allow calm, peace during and after PrimariesAbodi of Ikale congratulates Amapetu on his birthdayCourt Orders Global Hunt As Ex-Minister Gets 75-Year Jail Term Over Power Funds.Fubara Shifts Focus To Healthcare Amid Defection Rumours.APC Screening Delay Raises Fresh Questions Over Internal Democracy Ahead Of 2027.Olabode greets Centenarian, Pa Fasoranti, says 100 looks good on himFUTA Tragedy Sparks Renewed Focus On Student Mental Health Support.Aregbesola Signals New Political Direction As ADC Intensifies Osun Campaign.Shehu Sani Pushes Debate On Lawmakers’ Role Ahead Of Senate Return.APC Screening Process Under Spotlight As Rivers Aspirants Await Verdict.Ondo Security Crackdown Targets Armed Networks As Four Suspects Moved To DSS.Rivers APC Primary Deepens Battle For Control Ahead Of 2027.APC Screening Process Signals Early Race For Lagos Leadership.Oyo APC Stakeholders Warn Of Internal Crisis Ahead Of 2027.Kwankwaso Backs Power Rotation As NDC Pushes New Political Formula.Prof. Faduyile to Pa Fasoranti on his centenary celebration: you remain a symbol of integrityOlabode Omoyele congratulates Oba Odimayo, new Olofun of IreleTargeted Kidnap Raises Fresh Security Concerns In Osun Community.Sultan Urges Nigerians To Reject Religious Labels For Criminals.Jonathan Shifts Focus To Youth, Electoral Credibility Amid 2027 Pressure.FG Moves To Protect Nigerians As Xenophobic Tensions Rise In South Africa.Defections Deepen Opposition Realignment Ahead of 2027 Elections.Olabode Omoyele hails Government’s recapitalisation effortCoup Trial Puts Security Lapses Under Spotlight as Court Hears Inside Details.Ondo South Senatorial by- election: Prof. Faduyile , a tailored fit replacementADC Sets Tough Entry Rules as 2027 Aspirants Face Ideological Test.PDP Leadership Crisis Deepens as Rival Factions Clash Over NEC Decisions.Refinery Revival Faces Fresh Scrutiny as NNPC Signs New Deal After Past Setbacks.University Shutdown Deepens as Strike Disrupts Health, Exams, and Campus Life Nationwide.Rivers Govt halts arranged marriageBauchi Governor Dumps PDP for APM, Signalling Major Opposition Shake-Up Ahead of 2027.PDP Leadership Crisis Deepens as Court Ruling Forces Urgent NEC Meeting in Abuja.Faith, Politics, and Boundaries: Adeboye Reaffirms RCCG’s Neutral Stance Amid Rising Pressure.Opposition Realignments Intensify as INEC Deadline Pressures Party Structures Ahead of 2027.Olabode greets Pa. Akinyelure on his birthdayGrand burial holds for Pa. Nathaniel Olaosetenikan FafoluyiPALLIATIVES SPARK POLICY DEBATE AS ATIKU QUESTIONS GOVERNMENT APPROACH TO POVERTY.WORKERS’ DAY: SENATE FACES PRESSURE TO DELIVER ON WELFARE PROMISES.ADEBUTU RETURNS TO 2027 RACE, URGES PDP UNITY IN OGUN.Olabode Omoyele says BTO is a Political icon, congratulates him on his birthdayMay Day: Olabode Omoyele congratulates Nigerian workersDayo Faduyile to Nigerian workers: the nation appreciates youBurial programme begins for Late Pa. 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Tinubu signs Defence Industries Corporation Bill

  • News
  • November 24, 2023
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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)

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