Nigus and Elmirate sign a strategic agreement to invest up to $200 million in building advanced defense, satellite and technology manufacturing capabilities in Nigeria.
Nigus International Investment Limited (www.Nigusng.com) and Elmirate Investment LLC (www.Elmirate.ae) (Elmirate Capital) have signed a strategic memorandum of understanding to develop a next-generation defense technology, satellite systems and advanced manufacturing platform in Nigeria, backed by a planned investment of up to $200 million.
“Africa is entering a pivotal phase in its development, where technological capability will increasingly define economic strength and national security,” said HRH Prince Malik Ado-Ibrahim, Executive Chairman of Nigus International Investment Limited. “Through this partnership we are working to build a platform in Nigeria that supports innovation, advanced manufacturing and meaningful technology transfer. Our objective is to create a sustainable industrial base capable of serving national priorities while contributing to the wider security needs of the region.”
“We are proud to partner with Nigus International on an initiative that aligns with Nigeria’s ambition to become a leading technology and aerospace hub,” told Pankajj Ghode, Managing Director of Elmirate Capital. “Our planned commitment of up to $200 million reflects strong confidence in Nigeria’s economic potential. By connecting our global network of defense, cybersecurity, aerospace and advanced technology partners with local expertise, we aim to support the development of a resilient ecosystem that drives industrial growth and strengthens regional stability.”
Nigeria moves toward sovereign defense capabilities
The collaboration will be implemented through a newly established Special Purpose Vehicle, Nigus Tactical Systems Ltd, which will serve as the central platform for investment, technology integration and operational development. The initiative is designed to support Nigeria’s ambitions to strengthen domestic defense production, build advanced technology capacity and reduce reliance on imported security infrastructure.
The partnership will operate within Nigeria’s regulatory framework under the Defense Industries Corporation of Nigeria (DICON) and in alignment with the provisions of the DICON Act 2023. By combining international technology partnerships with local leadership, the project seeks to accelerate the development of high-value industrial capabilities while supporting national security objectives and economic growth.
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