Military Expenditure in Nigeria increased to 2403 USD Million in 2020 from 1860 USD Million in 2019. source: SIPRI
Military Expenditure in Nigeria averaged 1819.34 USD Million from 1960 until 2020, reaching an all time high of 7325 USD Million in 1975 and a record low of 189 USD Million in 1960. Nigeria Military Expenditure - values, historical data and charts - was last updated on May of 2022.
Military Expenditure in Nigeria is expected to reach 2000.00 USD Million by the end of 2021, 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 2022, according to our econometric models.