Future of the Nigerian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020

Date: 2015-08

“• With a defense budget of US$2.0 billion in 2015, Nigeria is currently an attractive military spender in the African region

• Insurgency, piracy, oil smuggling, and peacekeeping operations are factors driving military expenditure

• The country’s capital expenditure is expected to increase from US$0.23 billion in 2015 to US$0.3 billion in 2020, growing at a strong CAGR of 4.60% during the forecast period

• The government is expected to procure multi-role aircraft, attack helicopters, patrol vessels, armored personnel carriers, and other surveillance equipment”

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