Nigeria Signs Defence Joint Venture with Terra Industries

Nigeria Signs Defence Joint Venture with Terra Industries

By Adedapo Adesanya Nigeria has signed a joint venture with defence technology company, Terra Industries Limited, as part of efforts to boost the country’s defence industrial capacity and advance indigenous high-technology development. The Defence Industries Corporation of Nigeria (DICON) and Terra signed a Memorandum of Understanding (MoU) for the establishment of the Joint Venture Company […]

Terra Partners With Nigeria’s Military Manufacturer DICON Amid Global Defence Self-Reliance Push

After recently closing a $22 million round and, earlier, an $11.8 million round, Terra, the West African autonomous security company, has now completed a new milestone. This morning the company announced it has signed a Memorandum of Understanding (MoU) with the Defence Industries Corporation of Nigeria (DICON), the military-run manufacturer tasked with producing arms and equipment locally.Together, they plan to set up a joint venture company th…

Terra to supply high tech equipment, training to Nigerian defence forces through DICON

Nigerian drone maker Terra Industries has signed a joint venture agreement with the Defence Industries Corporation of Nigeria to supply security equipment and training to the country’s armed forces, marking a major shift toward local defence manufacturing. The partnership with DICON, Nigeria’s state-owned defence production agency, will see Terra provide autonomous drones, sentry towers, unmanned ground vehicles, and technical training to milita…

Terra Industries signs defence joint venture with DICON

Terra Industries, a Nigerian defence-technology startup that builds drones and monitors locations using its proprietary software, has signed a memorandum of understanding (MoU) with the Defence Industries Corporation of Nigeria (DICON), a defence corporation operated by the Nigerian Armed Forces. The partnership will establish a Joint Venture Company (JVC) that will operate as a subsidiary of DICON and will be jointly promoted and owned by DICON…