PREMIUM TIMES
The Minister of Defence, Muhammad Badaru, has said the Defence Industries of Nigeria (DICON) Act, recently signed into law by President Bola TInubu, will stimulate investments in the sector.
Mr Badaru said this on Saturday during a tour of the facilities of Equipment and Protective Applications International Limited (EPAIL), a company that manufactured defence equipment, located at Orimerunmu, Mowe, Ogun State.
Mr Tinubu, signed the DICON Bill into law on Thursday. The bill was sponsored by the chairperson of the House of Representatives Committee on Defence, Babajimi Benson.
By the Act, DICON is empowered, among other things, to “Operate, maintain, and control subsidiaries and ordnance factories to manufacture, store, and dispose of ordnance and ancillary stores and material.”
Mr Badaru commended EPAIL for the massive investment in local manufacturing of defence gadgets and equipment, which include bulletproof vests, ballistic helmets, guard booths (armoured)…
