Nigeria in line for $200 Million Defence Investment
By Kay Noel Nigeria is in line for a $200m investment boost to supercharge its defence tech, cybersecurity, and satellite infrastructure, thanks to a game-changing partnership between Nigus International Investment Limited and Elmirate Investment LLC (Elmirate Capital). The deal, sealed with a memorandum of understanding (MoU), aims to establish a cutting-edge defence tech, satellite systems, […]
Black News 
By Kay Noel
Nigeria is in line for a $200m investment boost to supercharge its defence tech, cybersecurity, and satellite infrastructure, thanks to a game-changing partnership between Nigus International Investment Limited and Elmirate Investment LLC (Elmirate Capital).
The deal, sealed with a memorandum of understanding (MoU), aims to establish a cutting-edge defence tech, satellite systems, and advanced manufacturing hub in Nigeria, reducing the country’s reliance on imports and ramping up local defence production.
The joint venture, dubbed Nigus Tactical Systems Ltd, will focus on developing tactical drones, unmanned aerial systems, ammo, armored vehicles, and cyber defence infrastructure.
Pankajj Ghode, Elmirate Capital’s Managing Director, said the $200m investment reflects confidence in Nigeria’s economic potential, adding that the partnership aims to position the country as a tech and aerospace hub.
The initiative aligns with Nigeria’s push for self-sufficiency in defence production under the DICON Act 2023, and is expected to create high-value jobs and drive tech transfer.
