Nigeria and UAE firms agree on $200m defence tech partnership
Nigeria is set to receive up to $200 million in investment for defence technology and satellite infrastructure through a new partnership between Nigus International Investment Limited and UAE-based Elmirate Investment LLC (Elmirate Capital). The agreement aims to boost Nigeria’s domestic defence production, expand space technologies, and enhance digital security systems. Prince Malik Ado-Ibrahim, Executive Chairman of Nigus International, emphasized the importance of technological capability for economic and national security. The collaboration will be managed by a newly formed entity, Nigus Tactical Systems Ltd.
TLDR
- Nigus International Investment Limited and Elmirate Capital signed a memorandum of understanding for a $200 million investment in Nigeria’s defence and technology sectors.
- The initiative will focus on advanced manufacturing, satellite infrastructure, cybersecurity, and local defence production.
- The project will operate under Nigeria’s Defence Industries Corporation and align with the DICON Act 2023.
- Plans include manufacturing ammunition, armoured vehicles, surveillance drones, and establishing cyber defence platforms.
- The partnership aims to position Nigeria as a regional hub for advanced defence, space technology, and digital security.
