News
Tinubu’s govt spent $801 million on military assets from U.S in 18 months – IMPI
The Independent Media and Policy Initiative (IMPI) says the administration of President Bola Tinubu has acquired military assets worth $801 million from the United States within 18 months.
IMPI, in a policy statement by its chairman, Omoniyi Akinsiju, said the naira equivalent of the acquisition was about ₦1.15 trillion, as part of the administration’s defence modernisation drive.
Mr Akinsiju described the acquisition as a bold demonstration of the administration’s commitment to national security and enhancing military capability.
According to him, 2024 recorded Nigeria’s highest arms import expenditure in recent times, with more than ₦520 billion spent, accounting for about 67 per cent of the country’s total arms imports between 2020 and 2024.
Mr Akinsiju said a major highlight was the $455 million purchase of 12 AH-1Z Viper attack helicopters from American aerospace giant Bell Textron to boost counterinsurgency and counterterrorism operations.
He further disclosed that in August 2025, Nigeria sealed another $346 million deal for over 1,000 MK-82 bombs and 5,000 Advanced Precision Kill Weapon System (APKWS) rounds, along with supporting logistics and training components.
The package, according to him, is aimed at improving the Nigerian military’s precision-strike capability and operational readiness against Boko Haram, ISWAP, and bandit groups.
“This scale of investment reflects Tinubu’s political will to combat terrorism and safeguard Nigerians.
“The recent US policy remarks on Nigeria may be more about expanding arms trade opportunities amid competition from China than about religious or human rights concerns,” he said.
(NAN)
-
Politics20 hours ago2027: I will return fuel subsidy – Atiku
-
News20 hours ago39 kidnapped victims rescued as troops intensify nationwide offensive
-
News20 hours agoFG cracks down on unapproved foreign trips by officials
-
Politics8 hours agoAtiku unveils new Subsidy Model
-
Politics22 hours ago‘Win Or Lose, 2027 Is My Last’ – Atiku
-
Business11 hours agoTony Elumelu’s $500 million Seplat stake now worth over $1 billion
-
Business22 hours agoFCMB Deepens Agritech with AI Advisory in Local Languages
-
News20 hours agoOver 100 Days in Captivity: Ndume demands rescue of Borno abduction victims
