Nigeria Military Spending/Defense Budget 1960-2024
Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
- Nigeria military spending/defense budget for 2022 was $3.11B, a 30.38% decline from 2021.
- Nigeria military spending/defense budget for 2021 was $4.47B, a 73.93% increase from 2020.
- Nigeria military spending/defense budget for 2020 was $2.57B, a 38.04% increase from 2019.
- Nigeria military spending/defense budget for 2019 was $1.86B, a 8.95% decline from 2018.
| Nigeria Military Spending/Defense Budget - Historical Data |
| Year |
Billions of US $ |
% of GDP |
| 2022 |
$3.11B |
0.64% |
| 2021 |
$4.47B |
1.01% |
| 2020 |
$2.57B |
0.63% |
| 2019 |
$1.86B |
0.46% |
| 2018 |
$2.04B |
0.51% |
| 2017 |
$1.62B |
0.43% |
| 2016 |
$1.72B |
0.43% |
| 2015 |
$2.07B |
0.42% |
| 2014 |
$2.36B |
0.41% |
| 2013 |
$2.42B |
0.47% |
| 2012 |
$2.32B |
0.50% |
| 2011 |
$2.38B |
0.58% |
| 2010 |
$1.99B |
0.54% |
| 2009 |
$1.50B |
0.51% |
| 2008 |
$1.62B |
0.49% |
| 2007 |
$0.97B |
0.37% |
| 2006 |
$0.78B |
0.35% |
| 2005 |
$0.67B |
0.40% |
| 2004 |
$0.64B |
0.49% |
| 2003 |
$0.59B |
0.57% |
| 2002 |
$0.90B |
0.95% |
| 2001 |
$0.57B |
0.78% |
| 2000 |
$0.37B |
0.54% |
| 1999 |
$0.49B |
0.86% |
| 1998 |
$1.15B |
0.55% |
| 1997 |
$0.82B |
0.44% |
| 1996 |
$0.70B |
0.41% |
| 1995 |
$0.64B |
0.48% |
| 1994 |
$0.32B |
0.78% |
| 1993 |
$0.29B |
0.93% |
| 1992 |
$0.17B |
0.56% |
| 1991 |
$0.24B |
0.77% |
| 1990 |
$0.28B |
0.83% |
| 1989 |
$0.17B |
0.58% |
| 1988 |
$0.27B |
0.88% |
| 1987 |
$0.20B |
0.77% |
| 1986 |
$0.52B |
1.31% |
| 1985 |
$1.09B |
1.44% |
| 1984 |
$1.21B |
1.56% |
| 1983 |
$1.63B |
2.22% |
| 1982 |
$1.65B |
2.27% |
| 1981 |
$2.14B |
2.77% |
| 1980 |
$3.03B |
3.30% |
| 1979 |
$3.07B |
4.32% |
| 1978 |
$3.02B |
5.33% |
| 1977 |
$3.14B |
6.02% |
| 1976 |
$2.64B |
5.79% |
| 1975 |
$3.03B |
8.12% |
| 1974 |
$1.35B |
4.34% |
| 1973 |
$1.02B |
5.48% |
| 1972 |
$0.90B |
5.39% |
| 1971 |
$0.64B |
4.39% |
| 1970 |
$0.66B |
5.28% |
| 1969 |
$0.68B |
10.32% |
| 1968 |
$0.37B |
9.16% |
| 1967 |
$0.24B |
5.81% |
| 1966 |
$0.06B |
1.10% |
| 1965 |
$0.07B |
1.40% |
| 1964 |
$0.05B |
1.23% |
| 1963 |
$0.05B |
1.10% |
| 1962 |
$0.04B |
1.10% |
| 1961 |
$0.03B |
0.85% |
| 1960 |
$0.02B |
0.70% |
