Military expenditure in Nigeria
Nigeria: Military expenditure was 1.68 trillion current LCU in 2024. ◆ Volatile
Military expenditure in Nigeria, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Nigeria stood at 1.68 trillion current LCU.
The figure is down 15.0% on the previous year and up 349.0% over ten years.
Over the whole period, military expenditure in Nigeria peaked at 1.98 trillion current LCU in 2023 and was at its lowest, 16.70 million current LCU, in 1960.
That places Nigeria 28th out of 167 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 114.66 million current LCU | 16.70 million current LCU | 488.90 million current LCU | 10 |
| 1970s | 1.24 billion current LCU | 455.70 million current LCU | 2.02 billion current LCU | 10 |
| 1980s | 1.14 billion current LCU | 810.00 million current LCU | 1.66 billion current LCU | 10 |
| 1990s | 13.89 billion current LCU | 2.23 billion current LCU | 45.40 billion current LCU | 10 |
| 2000s | 109.62 billion current LCU | 37.49 billion current LCU | 224.02 billion current LCU | 10 |
| 2010s | 444.69 billion current LCU | 299.11 billion current LCU | 668.73 billion current LCU | 10 |
| 2020s | 1.55 trillion current LCU | 974.91 billion current LCU | 1.98 trillion current LCU | 5 |
Countries ranked near Nigeria
More public sector data for Nigeria
- Arms imports 67.00 million SIPRI trend indicator values (2024)
- Military expenditure 0.6% (2024)
- Military expenditure 1.13 billion current USD (2024)
- Armed forces personnel, total 223,000 (2020)
- Armed forces personnel 0.2% (2020)
- Statistical performance indicators (SPI): Pillar 1 data use score 100 scale 0-100 (2024)
- Statistical performance indicators (SPI): Pillar 3 data products score 74.86 scale 0-100 (2024)
- Proportion of seats held by women in national parliaments 4.2% (2025)
- Military expenditure 3.1% (2024)
- Internally displaced persons, new displacement associated with disaste 166,000 number of cases (2023)
Frequently asked questions
- What is military expenditure in Nigeria?
- Military expenditure in Nigeria was 1.68 trillion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Nigeria?
- The highest recorded value was 1.98 trillion current LCU in 2023.
- What is the lowest military expenditure recorded in Nigeria?
- The lowest recorded value was 16.70 million current LCU in 1960.
- How does Nigeria rank for military expenditure?
- Nigeria ranks 28th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Nigeria?
- Over the last ten years it is up 349.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)