Matawalle: Naira Will Appreciate if Nigeria Become Self Sufficient in Weapons Manufacturing 

Matawalle, also disclosed that the country is grappling with a significant demand for ammunition, with the military alone requiring approximately 200 million rounds each year. He added that when the needs of other paramilitary forces and the police is factored in, the total annual requirement for ammunition surges to a staggering 350 million rounds.

The Minister made this disclosure on Wednesday, when ministries of defence, steel development, and the national agency for science and engineering infrastructure (NASENI) signed a Memorandum of Understanding (MoU), to facilitate massive production of arms and ammunition in Nigerian through the military industrial complex.