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DICON partners int’l, local firms to bolster production– CDS

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The Chief of Defence Staff(CDS), Gen. Christopher Musa, says the Defence Industries Corporation of Nigeria (DICON ) now partners international and local firms to bolster its production of arms and ammunition.

Musa said this was in line with the DICON Act 2023, assented to by President Bola Tinubu.
The act seeks to foster growth of indigenous companies within the Military Industrial Complex.
The CDS stated this at a 5km Health Walk in its commemoration of the corporation’s 60th anniversary on Saturday in Kaduna.
The CDS was represented by the Commandant Nigerian Defence Academy (NDA), Maj-Gen John Ochai.
He said, “The 60th anniversary is significant considering its establishment four years after independence.”
”It is critical to pay tribute to the worthwhile leaders who saw the necessity to establish the very important corporation.”
Musa added that the act, which expanded its scope, significantly showed that the reform programme of the current Director-General has been given presidential seal and approval of the National Assembly.
He said, “From the brief we received, there is no more stopping DICON, they have gone into international and local partnership to begin production of arms and ammunition.
“As a matter of fact, the Nigerian Defence Academy currently use ammunition produced by DICON and we are aware that the Nigerian Army has also invested in purchasing arms and ammunition from the corporation.”
Musa said that more of such partnerships would be struck to produce other military hardware such as armoured vehicles, ships, tanks, air crafts and other defence-related products.
He said,”This will go a long way in conserving foreign exchange for the nation and the exports, which will earn income to the nation.
”By doing so, the Federal Government will have enough resources to spend on other aspects of national life to enhance the livelihood and standard of living of the average Nigerian.
”What has happened at 60 is very significant not only to the corporation and the armed forces of Nigerian but for the nation in general.”
The CDS recalled that, prior to the contemporary age, arms manufacturing was exclusive for the developed world.
Musa said: ”Now Nigeria has joined in the sparing of this human endeavor, which is a cause to be proud of by any Nigerian.. There is no longer stopping DICON.”
Earlier, the director-general of DICON, Maj.-Gen. Aniedi Edet, thanked Tinibu for assenting to the DICON Act 2023.
Edet stressed, ”It has given the corporation the robustness and impetus to be able to do far more in terms of productions.
”The establishment of DICON was a very important action and it is now a national strategic asset to the country.”
He, therefore, said the corporation at 60, has many things to be celebrated.
Edet listed them to include the mandate for self-sufficiency, which would be strengthened and rekindled so as to be able to produce for the armed forces and other security agencies.
He equally said they were celebrating not only the support they were getting from the president, but also from the Minister of Defence, the CDS, the service chiefs and the heads of paramilitary institutions.
“Even the Inspector-General of Police has indicated interest to patronise DICON,” he said.

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Edet added that they were celebrating strategic partnerships, adding, ”what we are doing in the corporation is reforming, and producing innovatively through embracing modern technologies to meet the needs of the armed forces.
”DICON is celebrating the fitness of its men, which was why we had a five kilometers walk.”
According to him, if the men are not fit and sound in mind, they would not be able to produce.
“We put the welfare and health of the men at fur, which is also one of the five pillars of our management focus.
”This is why a range of programmes that we lined out to celebrate the anniversary included the Juma’at prayers.
“We believe God has answered our prayers by giving us good weather today, we had a football match and a very robust engagement today.
”Tomorrow, we will have the interdenominational service and other programmes lined up for the celebration.
“We are celebrating the vision of our forefathers who thought it wise to establish this asset known as DICON four years after our independence.
“The nearest to it in the whole of Africa is the Armscore in South Africa which came on board in 1968 and the Donnie which came on board in 1992,” Edet said.
He stated the need for the corporation to refocus in view of the current realities to encourage indigenous production.(NAN)

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Nigeria’s oil reserves stand at 37.28bn barrels, gas hit 210.54 tcf – NUPRC

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Friday said that the nation’s crude oil reserves stood at 37.28 billion barrels (bb) as at Jan. 1, 2025.

The commission also said that Nigeria’s gas reserves hit 210.54 trillion Cubic Feet (tcf).

Mr Gbenga Komolafe, Commission Chief Executive, NUPRC, who stated this said that oil and condensate reserves stood at 31.44bb and 5.84bb respectively, amounting to a total of 37.28 bb.

The News Agency of Nigeria (NAN) reports that the figure is against the 37.50 bb of proven crude oil reserves and proven natural gas reserves 209.26 tcf recorded in 2024.

Komolafe said the Associated Gas and Non-Associated Gas reserves stood at 101.03 tcf and 109.51 tcf, respectively, resulting in total gas reserves of 210.54 tcf.

According to Komolafe, the commission in keeping with its mandate as enshrined in the Petroleum Industry Act (PIA 2021), is committed to driving the efficiency and effectiveness of the upstream oil and gas sector.

He assured enhancing the growth of oil and gas reserves towards ensuring sustainable increase in production for shared prosperity, as articulated in the Regulatory Action Plan for 2024 and the Near Term.

“Against the foregoing, I am pleased to present to you an overview of the Nation’s oil, condensate, associated gas, and non-associated gas reserves as of January 1, 2025, as follows:

“Crude Oil and Condensate reserves stands at 31.44bb and 5.84bb respectively, amounting to a total of 37.28bb.

“Associated Gas and Non-Associated Gas reserves stands at 101.03 tcf and 109.51 tcf, respectively, resulting in total gas reserves of 210.54 tcf.

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“The Reserves Life Index is 64 Years and 93 Years for Oil and Gas, respectively.

“In view of the above, and in furtherance of Chapter 1, Part III, Section 7 (g), (i), (j), (k), (m), (q), (r), and other powers enabling me in this respect, I, Engr. Gbenga Komolafe, CCE, hereby declare the total oil and condensate reserves of 37.28bb.

“And total gas reserves of 210.54 tcf as the official National Petroleum Reserves Position as of Jan. 1, 2025,’’ he said. (NAN)

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Boko Haram Holding Authority In Three Borno Communities— Ndume

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Boko Haram terrorists are holding authorities in some communities in three local government areas of Borno State, according to Senator Ali Ndume.

The Borno South lawmaker said this on Friday when he was featured on Channels Television’s Politics Today.

According to him, there are no civil authorities in those areas, which he said are being governed by the terrorists.

“Yes, three,” he said on Friday’s edition of the show when asked if areas are being governed by the Boko Haram terrorists in the North-East state.

“What we are saying is that there is no civil authority there, and the authority is Boko Haram,” the Borno South Senator said.

He listed the areas as “Gudumbali (in Guzamala LGA), Marte, and Abadam”.

“None,” he said when asked if there are civil authority in these areas.

Senator Ndume said the security agencies are not properly equipped to tackle the insurgency, which he decried is beginning to fester in the North-East state.

His comment came days after the Borno State Governor, Babagana Zulum, decried the rising spate of insecurity in the area.

The governor said the state is losing ground in the fight against Boko Haram, asking for help.

“As I address this important gathering today, it is unfortunate that the renewed Boko Haram attacks and kidnappings in many communities almost on a daily basis without confrontation signalled that Borno State is losing ground,” the governor said, a fact Ndume agrees with.

During the show, the vocal lawmaker of the ruling All Progressives Congress (APC) said there have been hundreds of attacks in Borno State since the beginning of the year.

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“From November last year till date, there were over 250 attacks in the state, and somebody is saying we should ignore the governor,” the APC chieftain said.

“We have lost more than 100 soldiers, nearly 300 civilians even though our soldiers gallantly killed 800 of those terrorists within this period.”

“It is like a stagnated situation,” he said about the state of security in the country, arguing that President Bola Tinubu should declare a state of emergency on security, the welfare of the citizens, and the economy.

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FG Forms Sub-Committee To Evaluate US Tariff Impact

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The federal government has constituted a sub-committee to evaluate the potential economic impact of the recent tariff measures announced by the United States government.

The decision followed a meeting of the Economic Management Team (EMT), chaired by Wale Edun, minister of finance and coordinating minister of the economy, according to a statement issued on Friday by Mohammed Manga, director of information and public relations at the ministry.

On April 2, US President Donald Trump announced sweeping global tariffs on all imports into the country, including Nigeria.

A few days later, Edun said Nigeria is well-positioned to withstand global trade disruptions, including the United States import tariffs.

He said plans were underway for possible budget adjustment and prioritisation where possible.

To assess the impact of the tariffs, Manga said the EMT convened earlier in the week with key ministries and agencies to review the fiscal and macroeconomic implications of emerging global trade dynamics.

He said the EMT noted that while Nigeria’s major export — crude oil — has not been directly targeted by the new US tariffs, the policy shift has coincided with a dip in international oil prices, raising concern over potential revenue and budgetary pressures.

“To support evidence-based policymaking, the EMT has established a sub-committee tasked with conducting a detailed review of the direct and indirect economic impacts of both the emerging tariff measures and the global commodity price shifts,” Manga said.

“The sub-committee includes representatives from the ministry of finance, ministry of budget and economic planning, (including budget office of the Federation), and the Central Bank of Nigeria (CBN).”

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Manga also said the sub-committee has already held its inaugural meeting and is expected to present its findings to the full EMT without delay.

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