Nigeria's military spending rose by 20 per cent to $3.2 billion in 2023, making it the country the biggest spender on defence in sub-Saharan Africa, and the third highest on the entire continent, a new report has revealed.
Nigeria 's military spending rose by 20 per cent to $3.2 billion in 2023, making it the country the biggest spender on defence in sub-Saharan Africa , and the third highest on the entire continent, a new report has revealed.
The latest report indicates that military expenditure in sub-Saharan Africa reached $23.1 billion in 2023, about 8.9 per cent higher than the expenditure in 2022 but 22 per cent lower than in 2014. Algeria and Morocco were by far the largest spenders in that sub-region, together, accounting for 82 per cent of North African military expenditure in 2023.
The SIPRI report showed that Algeria posted the highest military spending in Africa at $18.2 billion, followed by Morocco with $5.1 billion in overall military expenditure in 2023.
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