Nigeria’s military strength crucial for economic growth, says security expert

A security specialist, Ade Ogundeyin, emphasized the importance of the military’s strength for the country’s economic advancement and social progress. As the CEO of PROFORCE Limited, he made these remarks during a lecture at the Defence Research and Development Annual Seminar and Exhibition at the National Defence College in Abuja on Wednesday.

In a statement released on Thursday by his media aide, Kayode Nariwo, Ogundeyin noted that enhancing local capabilities would foster self-sufficiency and reduce reliance on foreign nations for defense equipment. He stated, “A nation’s military capability is closely tied to its technological advancements, achieved through partnerships with defense-related industries. This not only generates employment but also stimulates economic and social development.”

He added that by developing the ability to produce our own equipment and integrating various technologies, we can tailor solutions to meet specific user needs, ensuring easier maintenance and upgrades.

Ogundeyin also pointed out that the Federal Government’s commitment to local defense manufacturing has resulted in initiatives like the Ajaokuta Steel Complex, the Defence Industrial Corporation of Nigeria, and the Special Vehicle Plant, among others.

He urged stakeholders in the defense sector to implement policies that foster a supportive environment and regulate defense production, procurement, and collaborations with both local and international partners. He recommended that sufficient funding be allocated in the budget to enhance research and development, which is crucial for improving defense infrastructure. Additionally, he noted that security and intelligence support are vital for safeguarding defense enterprises and their operations.

“The private sector has a significant role in driving innovation, entrepreneurship, and operational efficiency, which are essential for the development of Nigeria’s military-industrial complex. This encompasses manufacturing capabilities, technological progress, skill enhancement, and local content development,” he said.

Ogundeyin also stressed the importance of collaboration between public and private sectors through joint ventures, strategic partnerships, and innovation clusters in the defense ecosystem. The event was attended by various dignitaries, including the Ministers of Defence and Science, Technology and Innovation, Service Chiefs, security agency heads, industry leaders, and government representatives.