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UAE Firm to Invest $200m to Develop Defence technology in Nigeria

Summary by The Podium Media
A United Arab Emirates-based investment firm, Elmirate Investment LLC, has committed up to $200 million to develop defence technology, satellite systems and advanced manufacturing capabilities in Nigeria. The firm, also known as Elmirate Capital, announced the planned investment on Monday after signing a strategic memorandum of understanding with Nigerian firm, Nigus International Investment Limited. The initiative is expected to support Nigeria…
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The Podium Media broke the news in on Monday, March 16, 2026.
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