Nigeria and UAE Firms Sign $200M Defense Technology Pact

NIGU International Investment Limited and Elmir Capital LLC have signed a memorandum of understanding to establish a $200 million defense technology partnership in Nigeria. This initiative aims to develop advanced manufacturing capabilities, enhance cybersecurity, and build satellite infrastructure.

The agreement reflects Nigeria's ambition to strengthen its domestic defense products and expand its technological capabilities. Prince Malik Ado Ibrahim, the Executive Chairman of NIGU International Investment Limited, emphasized the importance of technology in linking economic strength to national security.

The partnership will focus on creating a sustainable industrial base and reducing reliance on imports for security infrastructure. Pankajj Ghode, Managing Director of Elmir Capital, expressed confidence in Nigeria's economic potential and the commitment to invest $200 million.

The project will operate within Nigeria's regulatory framework and aims to develop tactical intelligence, surveillance drones, and military cybersecurity platforms, positioning Nigeria as a regional hub for advanced defense and space technology.