Military Expenditure (Local Currency) in Nigeria

Military expenditure in local currency reached NGN 1,975,400,000,000 bil in 2023 in Nigeria, according to the SIPRI Military Expenditure Database. This is 150,139,468,324% more than in the previous year.

Historically, military expenditure in local currency in Nigeria reached an all time high of NGN 1,975,400,000,000 bil in 2023 and an all time low of NGN 0.017 bil in 1960.

Nigeria has been ranked 22nd within the group of 148 countries we follow in terms of military expenditure in local currency.