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).
‘No Negotiations, Only Referendum’ — Kanu’s Message to American Veterans of Igbo Descent
IPOB leader Nnamdi Kanu has reaffirmed his demand for a referendum on Biafra's self-determination, insisting he will reject any political...
IPOB Condemns NYSC Abductions in Imo, Accuses Uzodinma of Political Conspiracy
IPOB has condemned the reported abduction and rescue of NYSC members in Imo State, denying involvement and accusing Governor Hope...
Ambrose Alli University Lecturer Dies in Hotel Room After Sexual Encounter With 21-Year-Old Woman
A senior lecturer at Ambrose Alli University, Ekpoma, Dr Matthew Uwuigbe, has died in a hotel room in Edo State...
Omotosho’s First Jurisdictional Failure — The Court Lacked Authority to Try Kanu
The Mazi Nnamdi Kanu Global Legal Consortium has alleged that the Federal High Court lacked jurisdiction to try Kanu on...
‘No Government Without a Country’: IPOB Rejects Self-Appointed Biafra Government Officers
Mazi Chris Nwaọgụ has reiterated IPOB’s demand for Nnamdi Kanu’s freedom and Biafra’s restoration, while calling for Kanu’s appeal to...
Sokoto Declaration: Emma Powerful Dismantles False Claims, Reaffirms Onyendu Mazi Nnamdi Okwu Kanu’s Referendum Position
Kanu’s camp has rejected claims that he did not approve or co-sign the Sokoto Declaration, while stressing that he does...
Kanu’s Unlawful Conviction, the Law That Was Already Dead, and the Shame That Is Waiting for Nigeria’s Judiciary
Christopher Chidera, Esq., has challenged the legal basis of Nnamdi Kanu’s conviction, arguing that the trial court relied on a...
Elochukwu Ohagi Describes Nnamdi Kanu as ‘Anointed Builder’ in Biafran Cenotaph Tribute
Elochukwu Ohagi has described Nnamdi Kanu as an “anointed builder” and “divine instrument” in the struggle for Biafran restoration, highlighting...
Delta Commissioner, Three Others Arrested Over Deputy Director’s Death
Five suspects are now in custody, while police have declared two others wanted as investigations into the ministry official’s death...
Kanu Family Fires Back: ‘No Statutory Transition Means No Valid Sentence’
The Okwu-Kanu Family has called for the immediate hearing of Nnamdi Kanu’s appeal, questioning the written law underpinning his conviction...
You must be logged in to post a comment Login