Military expenditure in local currency reached NGN 1,316 bil in 2022 in Nigeria, according to the SIPRI Military Expenditure Database. This is 26.2% less than in the previous year.
Historically, military expenditure in local currency in Nigeria reached an all time high of NGN 1,783 bil in 2021 and an all time low of NGN 0.017 bil in 1960.
Nigeria has been ranked 21st within the group of 150 countries we follow in terms of military expenditure in local currency.
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