In a major step for Nigeria’s oil and gas industry, the Defence Industries Corporation of Nigeria (DICON) has signed a Memorandum of Understanding (MOU) with Oida Energy Limited to set up the country’s first local oilfield shaped charge manufacturing facility.
The deal, signed at the Armed Forces Officers’ Mess in Abuja, marks the beginning of a new partnership between the military’s technical units and the private energy sector.
According to Major General Babatunde Ibrahim Alaya, Director General of DICON, the new facility will help Nigeria produce safe and reliable shaped charges, special explosives used in oil drilling, right here at home. He said the project would create jobs, save foreign exchange, and transfer technical skills to Nigerians.
Until now, Nigeria has relied heavily on imported oilfield explosives, spending huge sums of money yearly. The new plant will reduce that cost and boost local content.
The signing was witnessed by officials from the NUPRC, ONSA, and NCDMB, who helped facilitate the partnership.
With this move, Nigeria is taking another bold step toward self-reliance, industrial growth, and economic stability in the oil and gas sector.
