Sen Nwoko advocates private sector investment, active participation to build defence powerhouse

Senator Ned Nwoko, representing Delta North in the National Assembly, at the book launch of Chief Judge and Investor at the Defence Industries Corporation of Nigeria (DICON) 60th Anniversary and Maiden Africa Defence Industries Conference at the Shehu Musa Yar’Adua Centre, Abuja, advocated considerable investment and active participation of the private sector for Nigeria to achieve defence powerhouse, which he said is key driver of economies.

Senator Nwoko also emphasized the importance of local production and manufacturing in the sector.

According to him, “I firmly believe that Nigeria has the capacity and financial resources to make this industry as profitable as our oil, gas, and banking sectors.

“To achieve this, the government must play its part by identifying and supporting specialized companies through licensing and approval, and also by promoting public awareness.

“With the right investments, we can create jobs, attract investors, and reduce our reliance on imports.”

Senator Ned Nwoko in a statement highlighted @Prince_NedNwoko

“Honored to have been invited as the Chief Book Launcher, Chief Judge and Investor at the Defence Industries Corporation of Nigeria (DICON) 60th Anniversary and Maiden Africa Defence Industries Conference at the Shehu Musa Yar’Adua Centre.

“The defence sector is a global powerhouse, with many countries relying on it as a key driver of their economies. In Nigeria, we have the resources and the potential to achieve the same, but this requires considerable investment and active participation from the private sector. We cannot leave everything to the government.

“During my address, I emphasized the importance of local production and manufacturing in this sector. I firmly believe that Nigeria has the capacity and financial resources to make this industry as profitable as our oil, gas, and banking sectors.

“To achieve this, the government must play its part by identifying and supporting specialized companies through licensing and approval, and also by promoting public awareness. With the right investments, we can create jobs, attract investors, and reduce our reliance on imports.”