A UAE-based investor, Elmirate Investment LLC, has pledged up to $200 million to advance defence technology, satellite systems, and manufacturing capabilities in Nigeria. The commitment follows a memorandum of understanding with Nigus International Investment Limited and is aimed at strengthening local production capacity, reducing reliance on imports, and supporting national security infrastructure.
The initiative will operate under the framework of the Defence Industries Corporation of Nigeria and the DICON Act 2023, with implementation through a special purpose vehicle, Nigus Tactical Systems Ltd. According to Pankajj Ghode, the investment reflects strong confidence in Nigeria’s economic potential, while Malik Ado-Ibrahim emphasized its role in building a resilient industrial and technological base.
The platform will focus on drones, surveillance systems, armoured vehicles, and cyber defence infrastructure, alongside advanced manufacturing and intelligence technologies. The move aligns with rising investment momentum in Nigeria’s defence tech space, as firms like Terrahaptix Inc. continue to attract capital to scale security solutions across Africa.
