Nigus and Elmirate Launch $200 Million Initiative for Nigeria's Defense and Technology Sector
Nigus International Investment Limited and Elmirate Investment LLC have signed a memorandum to develop defense technology and satellite systems in Nigeria, with an investment of up to $200 million. The partnership aims to enhance Nigeria's defense production capabilities and establish a technology hub, focusing on advanced manufacturing, domestic defense systems, and cyber defense infrastructure.
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Nigus International Investment Limited and Elmirate Investment LLC are investing up to $200 million to develop defense technology and satellite systems in Nigeria. This initiative will be executed through the newly formed Nigus Tactical Systems Ltd, aiming to strengthen Nigeria's domestic defense production and reduce reliance on imports.
The project will enhance manufacturing capabilities for ammunition, armored vehicles, and drones, while also developing cyber defense and satellite technologies. It aligns with Nigeria's ambitions under the Defense Industries Corporation of Nigeria (DICON) to build a resilient technology ecosystem supporting national security and economic growth.
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