Grace Ashiru
Nigus International Investment Limited and Elmirate Investment LLC (Elmirate Capital) have signed a memorandum of understanding to develop a defense technology, satellite systems and manufacturing platform in Nigeria with a planned investment of up to $200 million, according to a company announcement dated March 16, 2026.
The collaboration will be implemented through a Special Purpose Vehicle called Nigus Tactical Systems Ltd, according to the announcement.
The partnership will operate within Nigeria’s regulatory framework under the Defense Industries Corporation of Nigeria (DICON) and in alignment with the provisions of the DICON Act 2023, according to the companies.
According to the announcement, the planned platform will focus on several areas:
Class C local defense manufacturing platforms, according to the companies’ description.
Tactical and ISR drones and tactical unmanned aerial systems, according to the planned capabilities.
Counter-terror surveillance and intelligence systems, according to the announcement.
Ammunition and munitions production, according to the companies.
Armored vehicles and protected mobility systems, according to the planned manufacturing activities.
Surveillance technologies and integrated intelligence platforms, according to the description.
Military cyber defense platforms and cyber ranges, according to the planned expansion areas.
Satellite technologies and space-based intelligence systems including earth observation technologies, communications infrastructure and secure satellite networks, according to the announcement.
“Africa is entering a pivotal phase in its development, where technological capability will increasingly define economic strength and national security,” stated HRH Prince Malik Ado-Ibrahim, Executive Chairman of Nigus International Investment Limited, in the announcement. “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,” stated Pankajj Ghode, Managing Director of Elmirate Capital, in the announcement. “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.”
