Military expenditure in local currency rose 11.4% to NGN 495 bil in Nigeria in 2017, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in Nigeria reached an all time high of NGN 495 bil in 2017 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 67.9 bil, XAF 239 bil in Cameroon, XAF 123 bil in Chad and XOF 118 bil in Niger in 2017.
Nigeria has been ranked 24th within the group of 147 countries we follow in terms of military expenditure in local currency, 7 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 |