Military expenditure in local currency rose 2.19% to NGN 669 bil in Nigeria in 2019, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in Nigeria reached an all time high of NGN 669 bil in 2019 and an all time low of NGN 0.017 bil in 1960. When compared to Nigeria's main peers, military expenditure in local currency in Benin amounted to XOF 39.9 bil, XAF 247 bil in Cameroon, XAF 138 bil in Chad and XOF 101 bil in Niger in 2019.
Nigeria has been ranked 21st within the group of 145 countries we follow in terms of military expenditure in local currency, 4 places above the position seen 10 years ago.
| Military Expenditure (Local Currency) | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Algeria | DZD bil | 1,118 | 1,118 | 1,118 | 1,230 | 1,230 | ||||||||||||||||
| Benin | XOF bil | ... | ... | ... | ... | 47.2 | 67.9 | 50.1 | 39.9 | 41.3 | ||||||||||||
| Burkina Faso | XOF bil | 88.6 | 112 | 170 | 210 | 220 | ||||||||||||||||
| Cameroon | XAF bil | 230 | 239 | 239 | 247 | 226 | ||||||||||||||||
| Central African Republic | XAF bil | ... | 15.9 | 16.2 | 17.0 | 23.9 | 25.5 | |||||||||||||||
| Chad | XAF bil | ... | 184 | 129 | 141 | 138 | 186 | |||||||||||||||
| Gabon | XAF bil | ... | ... | 120 | 157 | 145 | 156 | 152 | ||||||||||||||
| Libya | LYD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||||||||
| Mali | XOF bil | 215 | 270 | 268 | 279 | 342 | ||||||||||||||||
| Niger | XOF bil | ... | ... | ... | 98.6 | 118 | 128 | 145 | 137 | |||||||||||||
| Nigeria | NGN bil | 444 | 495 | 654 | 669 | 975 | ||||||||||||||||
| Sudan | SDG bil | ... | ... | ... | ... | ... | 17.0 | 29.1 | 24.2 | 33.1 | 50.6 | ... | ||||||||||
| Togo | XOF bil | ... | ... | ... | 48.7 | 51.9 | 58.0 | 99.9 | 94.3 |
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