DEFENCE INDUSTRIES CORPORATION OF NIGERIA ACT, 2023
Section 8: Operation of ordnance factories.
(1) The Corporation shall operate ordnance factories and subsidiaries under its control, to be headed by managing directors who shall be responsible to the Corporation, where the Corporation is the core investor in the subsidiary.
(2) The ordnance factories and subsidiaries referred to in subsection (1) shall operate on a sound commercial basis to-
(a) fill the normal defence requirements of the Nigerian Armed Forces and other security agencies; and
(b) meet requests from other countries as may be approved by the Government of Nigeria.
(3) Where there is any surplus capacity in the operations of the ordnance or subsidiary factory, the Director-General shall advise the Minister and the Minister, with the approval of the President, may direct that such surplus capacity be adapted where necessary and be used towards meeting the civilian needs of Nigeria.
Cite this section
Section 8, DEFENCE INDUSTRIES CORPORATION OF NIGERIA ACT, 2023 (2023).
https://repo.podus.ai/laws/defence-industries-corporation-of-nigeria-act-2023/section/8/