A United Arab Emirates-based investment firm, Elmirate Investment LLC, has committed up to $200 million to develop defence technology, satellite systems and advanced manufacturing capabilities in Nigeria.
The firm, also known as Elmirate Capital, announced the planned investment after signing a memorandum of understanding with Nigus International Investment Limited.
The partnership is expected to support Nigeria’s efforts to strengthen local defence production, expand technological capacity and reduce reliance on imported security equipment.
According to the companies, the initiative will operate under Nigeria’s regulatory framework through the Defence Industries Corporation of Nigeria (DICON) and in line with the provisions of the DICON Act 2023.
The collaboration will be executed through a newly established special purpose vehicle, Nigus Tactical Systems Ltd, which will serve as the central platform for investment and operations.
Managing Director of Elmirate Capital, Pankajj Ghode, said the investment reflects confidence in Nigeria’s economic potential and aims to connect global expertise with local capacity.
Executive Chairman of Nigus International, Malik Ado-Ibrahim, said the partnership is designed to build a sustainable industrial platform that supports national security and technological advancement.
The initiative will focus on developing capabilities in unmanned aerial systems, surveillance technologies and counter-terrorism intelligence tools.
Planned manufacturing activities include ammunition production, armoured vehicles and protected mobility systems, supported by integrated intelligence and monitoring platforms.
The project will also cover cyber defence infrastructure, including the development of cyber ranges and military-grade digital security systems aimed at strengthening resilience against emerging threats.
