Categories: Latest News

Army needs N1bn to boost vehicle manufacturing company – Buratai

The Chief of Army Staff (COAS) Lt.-Gen. Tukur Buratai, on Saturday, said the Nigerian Army would source N1 billion to support its Vehicle Manufacturing Company (NAVMC).

Buratai said this at the Army’s Fire Power Demonstration at Camp Kabala Range, Jaji, marking the end of a week-long COAS Conference and CAT Week 2019.

“We are already sourcing for the sum of N1billion to support the NAVMC. You will be taken along.

“We have an investment in the army that has been generating some amount of money.

“We will take a loan from there to support NAVMC, so that they will be able to realize our dream of producing indigenous armored fighting vehicles and to continue to maintain our existing equipment,” Buratai said.

According to him, the new inventions and acquisition to the Army are force multipliers.

He noted that the conference had brought everybody together to access what had so far been achieved in the the first quarter of 2019.

“The innovations by the Nigerian Army in the areas of equipment production, localising and bringing back vehicle and equipment, were hitherto abandoned.

Resuscitating them is another major achievement that we have recorded.

“As you have been promised by the Group Managing Director of NAVMC, in the next three to four months, we should have a brand new vehicle, originally produced by the Nigerian Army for use in the army.

They are also for services of the general public that may find it useful, especially the paramilitary agencies.”

“This, we believe, will transform the Nigerian Army and Nigerian industrial companies, by the time we start mass production,” he said.

“I have said it before, military equipment are never obsolete. With maintenance culture of the military globally, vehicles and equipment of the second world war are useful in many parts of the world,” he said.

Gov. Nasir El-Rufia of Kaduna State, who was the special guest of honour at the event, commended the military for securing the state and the country at large .

Ben Idah

Recent Posts

Soaring rice prices threaten Christmas celebrations for Nigerian families

Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring…

1 day ago

Panic as Stage collapses during Odumodublvck’s performance at Lagos concert

Panic erupted on Saturday at a concert in Lagos when the stage collapsed during Odumodublvck’s…

1 day ago

2025 Budget: FG allocates ₦6.36bn for renovation of Tinubu, Shettima’s official quarters

The Federal Government of Nigeria has allocated ₦6,364,181,224 billion for the refurbishment and rehabilitation of…

1 day ago

Black Market Dollar to Naira Exchange Rate Today 22nd December 2024

The black market dollar to naira exchange rate for today, 22nd December 2024, can be…

1 day ago

NNPC debunks shutdown rumors, confirms fuel loading at Port Harcourt Refinery

The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims that the 60,000 barrels per…

1 day ago

‘We have to find a way’ – Guardiola laments after defeat to Aston Villa

Manchester City finds itself in unprecedented turmoil, with relegation-level form showing little sign of improvement.…

1 day ago