Military Expenditure in Nigeria increased to 4466.40 USD Million in 2021 from 2567.90 USD Million in 2020. source: SIPRI
Military Expenditure in Nigeria averaged 1201.94 USD Million from 1960 until 2021, reaching an all time high of 4466.40 USD Million in 2021 and a record low of 23.40 USD Million in 1960. Nigeria Military Expenditure - values, historical data and charts - was last updated on December of 2022.
Military Expenditure in Nigeria is expected to reach 2000.00 USD Million by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Military Expenditure is projected to trend around 2000.00 USD Million in 2023, according to our econometric models.