Nigus and Elmirate to invest $200 million in Nigeria’s defence tech

Nigus International Investment Limited and Elmirate Investment LLC have signed a strategic agreement to invest up to $200 million in building advanced defence technology, satellite systems, and manufacturing capabilities in Nigeria.

The partnership will operate 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 defence production, build advanced technology capacity, and reduce reliance on imported security infrastructure.

HRH Prince Malik Ado-Ibrahim, executive chairman of Nigus International Investment Limited, said Africa is entering a pivotal phase where technological capability will increasingly define economic strength and national security.

“Through this partnership, we are working to build a platform in Nigeria that supports innovation, advanced manufacturing, and meaningful technology transfer,” he said. “Our objective is to create a sustainable industrial base capable of serving national priorities while contributing to the wider security needs of the region.”

From drones to satellites: building sovereign capabilities

The planned platform will focus on building advanced manufacturing capabilities across multiple layers of modern security infrastructure. Central to the initiative is the development of Class C local defence manufacturing platforms that enable Nigeria to produce essential systems domestically.

The project will explore the development of tactical and ISR drones, as well as tactical unmanned aerial systems designed to enhance situational awareness and operational readiness.

Manufacturing will focus on producing ammunition and weapons. This includes developing armoured vehicles and protection systems designed for today’s operational needs.

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The Nigus-Elmirate partnership will go beyond making traditional defence products. It aims to include cyber defence and digital security infrastructure. This includes military cyber defence tools and training areas, which will help prepare for and respond to new digital threats.

Satellite technologies and space-based intelligence systems are also expected to form a key component. Planned capabilities include earth observation technologies, communications infrastructure, and secure satellite networks that could support both defence operations and civilian applications.

Operating within Nigeria’s regulatory framework

The partnership will operate within Nigeria’s regulatory framework under the Defence Industries Corporation of Nigeria and in alignment with the provisions of the DICON Act 2023.

Pankajj Ghode, managing director of Elmirate Capital, said the firm is proud to partner with Nigus International on an initiative that aligns with Nigeria’s ambition to become a leading technology and aerospace hub.

“Our planned commitment of up to $200 million reflects strong confidence in Nigeria’s economic potential,” Ghode said.

“By connecting our global network of defence, 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.” He added.

The initiative seeks to accelerate the development of high-value industrial capabilities whilst supporting national security objectives and economic growth.

By integrating geospatial intelligence, satellite data, and modern surveillance capabilities, the project aims to contribute to the creation of a comprehensive space-defence ecosystem in Nigeria.

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