577 SHARES Share Tweet [mc4wp_form id=33047]The Federal Government has emphasized that it will save about ₦5.06tn annually by cutting down on the importation of defence equipment. The Minister of State for Defence, Bello Mohammed Matawalle, disclosed this on Thursday in Abuja during the unveiling of the “X-Shield Light Tactical Armoured Vehicle”, produced by X-Shield, a defence and security solutions provider. Matawalle also revealed plans by the Federal Government to end the importation of defence equipment within the next five years. We will do more to ensure that all required defence and security equipment is produced locally, and in the next two to five years, there will be no more importation,” he said. Matawalle noted that local production would conserve foreign exchange and position Nigeria for exports and regional leadership in defence manufacturing.