New Dawn for Nigeria’s Military Economy: Defence Holdings Company Commission
New Dawn for Nigeria’s Military Economy: Defence Holdings Company Commission
New Dawn for Nigeria’s Military Economy: Defence Holdings Company Commission
By Ayshatu S. Rabo
In a landmark move to revolutionize the defence sector and boost Nigeria’s military-industrial capacity, the Federal Government has officially commissioned the Defence Holdings Company Limited (DHCL) a strategic enterprise designed to harness innovation, drive economic growth, and improve the welfare of Armed Forces personnel.
The commissioning ceremony, held in Abuja on Wednesday.
Speaking at the ceremony, Minister of Defence Alh Abubakar Badaru described the establishment of the holding company as a historic milestone that signals a bold step toward a self-sustaining, economically vibrant military institution.
“We are not just commissioning a company; we are igniting a transformative journey. This platform will serve as a catalyst for innovation and a beacon of hope, aligning perfectly with the current administration’s drive for national development and security,” he stated.
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Badaru expressed gratitude to President Bola Ahmed Tinubu GCFR for his steadfast support, assuring that the Armed Forces would remain resolute in defending Nigeria’s territorial integrity.
General Musa, in his address, echoed the significance of the DHCL, calling it the culmination of years of strategic planning aimed at fostering a people-centric, collaborative, and professional military force.
He explained that the company and its subsidiaries including Defence Farms Ltd, Defence Properties Ltd, and Defence Engineering Services — would function under a unified structure to coordinate the Armed Forces’ commercial ventures and promote indigenous defence production.
“This initiative will strengthen local capacity, foster technological advancement, and support economic diversification,” Musa said.
“Beyond defence production, it seeks to enhance the welfare of our service members and their families.”
The DHCL will operate under the Defence Headquarters and be guided by a Board of Directors in line with the Companies and Allied Matters Act, 2020.
” It will work collaboratively with existing service-specific holdings of the Army, Navy, and Air Force, collectively forming a new entity dubbed the Defence Conglomerate.
The CDS commended the dedicated efforts of the committee that saw the project to fruition and extended appreciation to the National Assembly, particularly the Senate Committee on Defence led by Senator Ahmed Lawan, for their consistent backing.
With this commissioning, the Nigerian Armed Forces have taken a giant leap toward achieving a full-fledged military-industrial complex one that promises not just enhanced defence capability, but a stronger, self-reliant economy.
New Dawn for Nigeria’s Military Economy: Defence Holdings Company Commission
