News
President Tinubu Assents to Defence Industries Corporation Bill
The Defence Industries Corporation of Nigeria was established on August 1, 1964, by an Act of Parliament….
President Bola Tinubu has assented to the Defence Industries Corporation of Nigeria (DICON) Bill, 2023.
VerseNews reports that this was disclosed in a press release by the President’s special adviser in media and publicity, Ajuri Ngelale
The Defence Industries Corporation of Nigeria was established on August 1, 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, Hon. Babajimi Benson (APC — Ikorodu Federal Constituency).
‘He Was Shot Down in Front of His Shop’ – Nigerian Businessman ‘Big Joe’ Killed in South Africa as Xenophobia Fears Escalate
A Nigerian businessman popularly known as Big Joe has reportedly been shot dead outside his shop in South Africa.
WhatsApp Introduces Usernames, No Longer Requires Phone Numbers to Start Chats
WhatsApp is rolling out a new username feature that will allow users to chat without revealing their phone numbers, giving...
Martinelli’s Injury-Time Winner Sends Brazil Past Japan Into World Cup Round of 16
Gabriel Martinelli scored a dramatic 96th-minute winner as Brazil came from behind to beat Japan 2-1, securing a place in...
Ekiti Govt Approves Textbook Reuse by Siblings, Retains Ban on School Graduation Ceremonies
The Ekiti State Government has approved the reuse of textbooks by younger siblings to reduce education costs...
BREAKING: Troops of Operation Hadin Kai Rescue 10 Abducted NECO Candidates
Troops of Operation Hadin Kai have rescued 10 abducted NECO candidates and teachers following an ISWAP attack in Borno.
‘You Don’t Expect Tinubu to Wear Khaki and Fight Terrorists’ – Pastor Adeboye Speaks on Worsening Insecurity in Nigeria
Pastor Enoch Adeboye has defended President Bola Tinubu over Nigeria's worsening insecurity, saying the commander-in-chief cannot be expected to 'wear...
BREAKING: FG Restructures NYSC, Replaces Military Leadership, Redesigns Corps Uniform
The Federal Government has approved the first major reform of the NYSC in 53 years, replacing military leadership with a...
BREAKING: Lagos Orders Demolition of Building Blocking Drains in Agungi, Ajiran, Ikota
The Lagos State Government has ordered the demolition of illegal structures blocking drainage channels in Agungi, Ajiran and Ikota.
Chelsea Releases Club Statement, Accuses Enzo Maresca of Having ‘His Heart Elsewhere’ Before Shock Exit
Chelsea have accused former manager Enzo Maresca of focusing on the Manchester City job before abruptly resigning in December...
‘Bought This For ₦290 Million.’ – Nigerian Man Shows Off An Expensive Bottle Of Whiskey (Video)
A Nigerian man has stirred reactions online after sharing a video of what appears to be an ultra-luxury bottle of...
You must be logged in to post a comment Login