Nigus and Elmirate announce $200m initiative to support Africa’s security sector

“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.