Military Expenditure in Nigeria increased to 1907 USD Million in 2018 from 1621 USD Million in 2017.
Military Expenditure in Nigeria averaged 1693.44 USD Million from 1960 until 2018, reaching an all time high of 6847 USD Million in 1975 and a record low of 176 USD Million in 1960. Nigeria Military Expenditure - values, historical data and charts - was last updated on September of 2020. source: SIPRI
Military Expenditure in Nigeria is expected to reach 1940.00 USD Million by the end of 2020, 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 2021, according to our econometric models.