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Matawalle: Local defence industry set to drive naira and economy growth

The Minister of State for Defence, Dr Bello Matawalle, recently highlighted the importance of local production of arms and ammunition in boosting the value of the naira and the overall economy. In a bid to address the country’s forex scarcity, Matawalle emphasized the need for Nigeria to establish its arms and ammunition production factory. This move is aimed at reducing the country’s reliance on imports and meeting the high demand for ammunition, especially within the military and other paramilitary forces.

The signing of a Memoranda of Understanding (MoU) between the Ministry of Defence (MOD), Defence Industries Corporations of Nigeria (DICON), Ministry of Steel Development, and the National Agency for Science and Engineering (NASENI) marks a significant milestone in strengthening the nation’s defence capabilities. The collaboration between these entities is crucial in achieving self-reliance in the production of military hardware and fostering economic growth.

The Executive Vice Chairman of NASENI, Khalil Suleiman Halilu, highlighted the importance of harnessing Nigeria’s scientific and engineering expertise in the service of national defence. The partnership between NASENI and the Ministry of Defence aims to create a robust ecosystem that supports the needs of the armed forces while also promoting the growth of local industries. This initiative is expected to reduce the country’s dependence on imports and stimulate economic development by creating job opportunities.

Furthermore, the Minister of Steel Development, Shuaibu Audu, emphasized the potential of the Ajaokuta Steel Plant in supporting the Military Industrial Complex. With its vast land area and production units, the steel plant has the capacity to produce military equipment such as helmets, vests, rifles, bullets, and body parts for military tanks. This collaboration between the Ministry of Defence and the Ministry of Steel Development is not only aimed at enhancing Nigeria’s defense capabilities but also at driving economic growth and reducing the country’s reliance on foreign imports.

In conclusion, the establishment of a local arms and ammunition production factory in Nigeria is a strategic move towards achieving self-reliance in the defense industry and boosting the economy. By leveraging Nigeria’s scientific and engineering expertise, harnessing the capabilities of the Ajaokuta Steel Plant, and fostering collaboration between key stakeholders, the country is poised to enhance its defense capabilities, create job opportunities, and reduce its dependence on foreign imports. This initiative sets a solid foundation for a self-reliant defense industry that can meet the needs of the armed forces and contribute to Nigeria’s economic growth.

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