Military Expenditure in Nigeria, 1960-2022

Military Expenditure in Nigeria, 1960-2022

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TGM StatBox. (2024). Military Expenditure in Nigeria, 1960-2022. TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: Nigeria
Published date: 2024
Note: Military expenditure by World Development Indicators (WDI) refers to the financial resources a country allocates for its armed forces. This includes spending on personnel (salaries, pensions), military equipment, infrastructure, operations, and research and development.
Key Takeaways
Nigeria's military spending has mirrored its political history, particularly during periods of conflict and regime change. Expenditure surged dramatically from 1.1% of GDP in 1966 to 10.3% in 1969 during the Nigerian Civil War (1967–1970), reflecting the resource demands of this prolonged conflict. After the war, spending sharply declined to 3.3% by 1980 as the country transitioned to post-conflict recovery and economic development.

Throughout the 1980s and 1990s, military expenditure dropped to less than 1% of GDP, driven by economic downturns and political instability. However, spending increased marginally in the early 2000s, influenced by the rise of insurgencies like Boko Haram. Recent years saw a moderate rise, reaching 1.0% in 2021, before falling to 0.6% in 2022, indicating ongoing security challenges but a focus on economic stabilization.

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