Minister of Defence, Mohammed Badaru says the Defence Holding Company Ltd. is a platform for innovation and catalyst for growth.
The minister said this at the inauguration of the company on Wednesday in Abuja.
“The Defence Holding Company is more than just a collection of businesses. It is a platform for innovation, a catalyst for growth and a beacon of hope for a brighter future.
“As we move forward, it is our hope that the company will meet the expectation of our national aspiration and also strive to create value, drive growth, and make a positive impact.
“Our desire is to achieve the much-expected military-industrial complex, which is in line with the renewed hope agenda of this administration,” the minister said.
Badaru said the inauguration of the company was a step in the right direction for a journey that would shape the future of the military’s contribution to economic development and non-kinetic efforts.
The minister said the company would also contribute to the welfare of personnel of the Armed Forces of Nigeria in various ways.
In his remark, the Chief of Defence Staff, Gen. Christopher Musa Musa said the company and its subsidiaries were private liability companies.
He said the company was established to coordinate the business activities of the Armed Forces of Nigeria.
Musa said the focus was to improve the security, innovation, self-reliance and economic diversification of the defence sector of the country.
“Considering the existence of similar establishments across the services, the Defence Headquarters will serve as a platform for unified strategic direction.
“This will be in the areas of harnessing local resources, providing guidance for indigenous defence production and identifying key sectors for public-private partnerships.
“Additionally, the company, through its subsidiaries, will contribute immensely to the development of the Armed Forces of Nigeria,” he said
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