Military Expenditure in Nigeria decreased to 1133.30 USD Million in 2024 from 3101.30 USD Million in 2023. Military Expenditure in Nigeria averaged 1259.45 USD Million from 1960 until 2024, reaching an all time high of 4466.40 USD Million in 2021 and a record low of 23.40 USD Million in 1960. source: SIPRI



Related Last Previous Unit Reference
Credit Rating 26.00 Feb 2026
Fiscal Expenditure 5939.63 6799.39 NGN Billion Dec 2024
Government Budget -5.30 -4.60 percent of GDP Dec 2023
Government Budget Value -2625.15 -4448.54 NGN Billion Dec 2024
Government Debt 99658.36 97238.52 USD Million Jun 2025
Government Debt to GDP 52.90 48.70 percent of GDP Dec 2024
Federal Government Revenues 8307.04 7222.36 NGN Billion Jun 2025
Government Spending 1652430.35 1542963.44 NGN Million Dec 2024
Holidays
Military Expenditure 1133.30 3101.30 USD Million Dec 2024


Nigeria Military Expenditure
Actual Previous Highest Lowest Dates Unit Frequency
1133.30 3101.30 4466.40 23.40 1960 - 2024 USD Million Yearly
Current Prices, NSA