Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,564 members, 7,955,095 topics. Date: Saturday, 21 September 2024 at 04:44 PM |
Nairaland Forum / Nairaland / General / Politics / Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle (14493 Views)
Lagos Commissions Aerial Fire Fighting Vehicle / Reno Omokri: Biafrans Built This Armoured Car During The Civil War / Babajide Sanwo-olu Will Use Armoured Range Rover Sentinel SUV As Official Car (2) (3) (4)
Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by AutoJoshNG: 6:31pm On Apr 28, 2019 |
Tukur Buratai who is Chief of Army Staff said the Nigerian Army needs N1billion to boost capacity of its vehicle manufacturing company to produce more combat vehicles, which will help to counter terrorists and other insurgents. In the closing ceremony of the Nigerian Army Combat Arms Training Week on Saturday, Mr. Buratai revealed that the Army would take a loan from its “number of investments that have been generating huge amounts of money”, for the purpose. “The innovations by the Nigerian Army in the areas of equipment production, localizing and bringing back vehicles and equipment that are hitherto abandoned, is another major achievement that we recorded,” he said. “You have been promised by the Group Managing Director of NAVMC that in the next three to four months, we should have brand new vehicles originally produced by the Nigerian Army for use in the Army and the general public that may find it useful, especially the paramilitary agencies. This, we believe, will transform the Nigerian Army and Nigerian industrial companies when we start mass production. “We are already sourcing the sum of N1billion to support the Nigerian Army Vehicle Manufacturing Company. We a have a number of investments in the Army that have been generating huge amounts of money and we will take a loan from there to support Nigerian Army Vehicle Manufacturing Company to realize our dream of producing indigenous armoured fighting vehicles and to continue to maintain our existing equipment.” “The Nigerian Army and Police have helped to keep Nigeria and Kaduna safe,” he said. “They have helped in combating terrorism, armed banditry, kidnapping and other forms of insecurity.” SOURCE: https://autojosh.com/nigerian-army-loan-local-vehicles/ 2 Likes |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by Naijaguy123: 6:32pm On Apr 28, 2019 |
I hope the money get spent into right project. This are better army generals compare with the indomie ones that serve Jonathan during his tenure. 5 Likes |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by iammo(m): 6:36pm On Apr 28, 2019 |
good one |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by KidsNEXTdoor: 6:39pm On Apr 28, 2019 |
iammo: By the time Buhari APc Burutai and zombies finish with the country.... Next generation will never come out of their debt.... Zombies are eager to bankrupt And wreck the country 52 Likes 4 Shares |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by Nobody: 6:43pm On Apr 28, 2019 |
No be today dem start dey scam us. We fit talk? Na dem hold gun. Na just keypad we get. 1billion dollars no fit buy arms finish. But 1 billion naira (3million$) fit start arm building factory. 67 Likes 4 Shares |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by Blue3k(m): 6:48pm On Apr 28, 2019 |
Ok I think it would be better to contract these projects out to private sector. Wheather it be Innoson or Proforce. Copy the US, China or Russia example on how to scale up arms industry. I know there's plans for developing MIC but the government still relies on friendly foreign nations. 1 billlion naira is chump charge. Buhari just released a billion to buy equipment. I would think he would do more to support domestic supplier. Lastly DICON needs to do more. 7 Likes |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by Nobody: 6:52pm On Apr 28, 2019 |
I no get 1nucleus of respect for these on Nigerian army sef. If yahoo boys form armed division, Nigeria army go retreat to Gambia. 12 Likes |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by iammo(m): 6:53pm On Apr 28, 2019 |
KidsNEXTdoor: The Irony is that the ones who talk like preprogramed PDP attack robots without iota of reasoning are the first to cal someone zombie anyways to serious talks; Debt isnt bad if it is a finance option for an economically viable project like infrastructure or technogy development. Nigeria's Debt profile is very healthy our Debt to GDP rate is 21.30%, Japan has a debt to GDP ratio of 235.96%, Greece has 191.27% , United States has 108.02% while China has 51.21% , Germany has 59.81% what this simply means is that serious countries that wants to grow after finance its critical infrastructure on longterm loan of 20 to 30 years so that we can slowly pay back through taxes , train fare, and toll gating -----Africas debt list-------- 1: South Africa - $143 Billion. 2:Angola - $37.7 Billion. 3:Ethiopia - $22.5 Billion. 4:Kenya - $22.2 Billion. 5:Ghana – $21.2 Billion. 6:Nigeria - $18.91 billion. 7:Tanzania – $15.9 Billion. 9 Likes 1 Share |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by GOFRONT(m): 6:53pm On Apr 28, 2019 |
Just a cut from the National cake is all they are asking for!!!! 5 Likes |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by BuhariAdvocate: 7:01pm On Apr 28, 2019 |
Hiss. 1 Like |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by KidsNEXTdoor: 7:01pm On Apr 28, 2019 |
iammo: Blah blah blah Money that burutai will use and buy another Dubai mansions.... Zombies are walking dead people eager to defend their masters 30 Likes 4 Shares |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by iammo(m): 8:30pm On Apr 28, 2019 |
KidsNEXTdoor: i wasnt expecting a PDP piglet to understand anything about economy or governance.... Their own is Buhari, Tinubu and APC are responsible for all their life misery. 4 Likes |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by KidsNEXTdoor: 8:59pm On Apr 28, 2019 |
iammo: I wasn't expecting a zombie robot to understand the dangers of excess borrowing without anything to show for it aside secret burutai Dubai mansions... 25 Likes 2 Shares
|
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by KidsNEXTdoor: 9:01pm On Apr 28, 2019 |
iammo: Zombies are walking dead people They are brainless entities with no iota of sense 13 Likes
|
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by Nobody: 9:02pm On Apr 28, 2019 |
iammo: What do you know about debt apart from borrowing mb from mtn to watch porn? 37 Likes 4 Shares |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by TheMoniker: 9:03pm On Apr 28, 2019 |
Some people about to be enriched. “We are fighting corruption” 9 Likes 1 Share
|
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by ReeLoaDead(m): 9:04pm On Apr 28, 2019 |
Ok oh, I hope whatever remains of that 1 billion will be used for something productive. |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by BlackfireX: 9:04pm On Apr 28, 2019 |
Wahala dey 1 Like |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by surevik(f): 9:05pm On Apr 28, 2019 |
This is why Boko haram will never be defected, the military are really gaining from it. 7 Likes |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by asobo: 9:05pm On Apr 28, 2019 |
ON THIS DAY IN 1998. NIGERIA'S DEPUTY HEAD OF STATE, LT. GEN. OLADIPO DIYA ALONGSIDE FIVE OTHERS WERE SENTENCED TO DEATH BY A SPECIAL MILITARY TRIBUNAL SITTING IN JOS, PLATEAU STATE, FOR PLOTTING A COUP. On this day in 1998, a Special Military Tribunal sitting in Jos, Plateau State, North-Central Nigeria, Chaired by Maj-Gen Victor Malu, sentenced six Army Officers to death by firing Squad for planning to overthrow the Gen. Sani Abacha administration in Nigeria. Among them were former deputy military ruler Lt. Gen. Oladipo Diya. The government claimed it had uncovered the Coup on Dec. 1 1997. Among those condemned to die were Major-General Taudeen Olanrewaju and Major-General Abdulkarim Adisa, two ministers in the regime of Gen. Sani Abacha. Some analysts said Abacha loyalists sought to remove Diya from the political scene because he opposed Abacha's plan to prolong his rule by transforming himself into a civilian President and decided to set him up. Prior to his arrest Diya had narrowly escaped attempt on his life twice. Abacha, who took power in a 1993 bloodless coup, had promised to bring back civilian rule by October of 1998. But developments at the time, notably the decision by each of Nigeria's five political parties to adopt Abacha as its candidate in a presidential election slated for August of 1998, dimmed hopes for a free transition to civilian governance. The two-month coup trial, which was held in secret, was interwoven with a murky political tussle within Nigeria's military over Abacha's effort to retain power, Nigerian scholars and diplomats said. The military officer corps, by far the country's most powerful political force, was deeply divided over the issue. The trial at the time increased tension among Yorubas, the main ethnic group of southwestern Nigeria. All six men sentenced to die and most of the 24 other defendants in the coup trial were Yorubas, a group that at the time felt politically marginalized by the elites of Hausa-speaking northern Nigeria, to which Abacha belonged. At the reading of the verdict in a military mess hall, defendants wore handcuffs and leg-irons. Four defendants were sentenced to life in prison, including a newspaper editor, Niran Malaolu. Malaolu was arrested the day after his newspaper ran an article on divisions in the military arising from the coup trial. Of the remaining 20, five reportedly were sentenced to jail terms of two to 14 years, and 15 reportedly were released. Abacha could not confirm the sentences before his shocking sudden death in June 1998 and the convicted Plotters were granted pardon and released by the Gen. Abdulsalami Abubakar regim 7 Likes 1 Share |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by tstx(m): 9:05pm On Apr 28, 2019 |
Going Going Gone .... .... |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by tstx(m): 9:05pm On Apr 28, 2019 |
Going Going Gone .... .... |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by Goridoe(m): 9:05pm On Apr 28, 2019 |
anything whey Dem like, make them take abeg! I can't Stop them!! Not even Police, Efcc RELEVANT NEWS, we seeketh for, pls!!! 1 Like |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by ken6488(m): 9:06pm On Apr 28, 2019 |
wow nice work.. Abeg make ona just tell me how much I go pay make I pay my future debt oooo Rubbish |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by Danwakae(m): 9:06pm On Apr 28, 2019 |
Naijaguy123: When will u have sense All generals are thieves like our politicians. That is how they have been using ur head, and our innocent gallant soldiers are being sacrifice... U are also part of the problem, just note that. Nigerian Army is the most corrupt after police ...the air Force is not doing bad as corruption is minimal here 3 Likes 1 Share |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by Goridoe(m): 9:07pm On Apr 28, 2019 |
BlacSmit: |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by Nobody: 9:07pm On Apr 28, 2019 |
Buratai! Buratai!! Buratai!!! How many times did I call you? 1billion naira wey you go just put for pocket! See you in Dubai 3 Likes |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by kingcalipha(m): 9:07pm On Apr 28, 2019 |
$1billion excess crude withdrawal have not been accounted for till date and we are talking of another billion, at least in naira this time. But what's the problem with being a Nigerian. |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by laliga01: 9:12pm On Apr 28, 2019 |
AutoJoshNG: Arrant nonsense.... Looking for another billion to squander with these Chinese and foreign hoppers. Use that money to empower innosson and he will deliver the gadamn combat vehicle in the barracks. |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by kenbee(f): 9:13pm On Apr 28, 2019 |
Loan to produce what? When Innoson have so many armoured vehicles in stock for them. |
Re: Nigerian Army To Take ₦1b Loan Towards Producing Local Armoured Fighting Vehicle by iammo(m): 9:15pm On Apr 28, 2019 |
BlacSmit: PDP piglets never stop amazing me with their empty, shallow and silly response because of likes from their other idiooots. Mr Dunce if you have a meaningful arguement to present, please go on else, flush yourself out like the poo you are. |
Kogi Governorship: PDP Aspirants Express Frustration At N24m Nomination Fee / Nigeria- The Most Populous Black Nation In The World / Sanusi Lamido In His Chieftaincy Garb (Pictures)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 44 |