Firms Plan $200m Investment in Nigeria’s Defence Technology Sector
Two firms, Nigus International Investment Limited and Elmirate Investment LLC, have signed a memorandum of understanding (MoU) to invest up to $200 million in developing defence technology and advanced manufacturing capabilities in Nigeria.
The agreement will focus on building next-generation defence systems, satellite technology, and an advanced industrial platform aimed at strengthening the country’s security infrastructure.
Executive Chairman of Nigus International, Malik Ado-Ibrahim, described the initiative as a major step toward enhancing Nigeria’s sovereign defence capacity and positioning the country for technological advancement.
“Africa is entering a pivotal phase in its development, where technological capability will increasingly define economic strength and national security,” he said, noting that the partnership would drive innovation, promote advanced manufacturing, and facilitate meaningful technology transfer.
He added that the project is designed to establish a sustainable industrial base capable of addressing national priorities while supporting regional security needs.
On his part, Managing Director of Elmirate Capital, Pankajj Ghode, said the partnership aligns with Nigeria’s ambition to become a leading hub for technology and aerospace development.
He noted that the planned $200 million investment reflects strong investor confidence in Nigeria’s economic potential, adding that the collaboration would leverage global expertise in defence, cybersecurity, aerospace, and advanced technologies alongside local capabilities.
The initiative will be executed through a Special Purpose Vehicle, Nigus Tactical Systems Ltd, which will serve as the central platform for investment, technology integration, and operations.
The firms said the project would operate within Nigeria’s regulatory framework under the Defence Industries Corporation of Nigeria (DICON) and in line with the provisions of the DICON Act 2023.
They added that the partnership aims to boost local defence production, reduce reliance on imported security infrastructure, and accelerate the development of high-value industrial capabilities while supporting national security and economic growth.
