DEFENCE INDUSTRIES CORPORATION OF NIGERIA

Nigeria’s Arms Imports Surge in 2024: A Critical Analysis of Defence Spending

March 17, 2025March 17, 2025 - by Carmen Mendez - Leave a Comment

In 2024, Nigeria’s arms imports exceeded ₦520 billion, the highest in five years, accounting for two-thirds of total imports between 2020-2024. This contradicts Minister of Defence’s claims of becoming a …

Business / economics

DICON Act: Paving the Way for Local Military Equipment Production in Nigeria

March 3, 2025March 3, 2025 - by Liam Nguyen - Leave a Comment

The DICON Act, signed by President Bola Tinubu in 2023, aims to foster local production of military equipment in Nigeria, reducing reliance on foreign arms and conserving foreign exchange. This …