Nigeria Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2025-2030

Nigeria Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2025-2030

Summary

Nigeria Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2025-2030 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

The defense budget of Nigeria stands at $1.3 billion in 2025 and registered a negative CAGR of 14.6% during the historical period. The negative growth is primarily due to devaluation of Nigerian currency and increasing exchange rate. Nigeria has been facing internal conflicts and issues which are affecting its growth, stability and national security. Terrorism, drug trafficking, arms trade, and oil theft are significant security challenges. The rise of Boko Haram and Ansaru has intensified the terrorism incidents in various regions of Nigeria. Besides terrorism, oil smuggling, illicit arms and the drug trade are also damaging national security. The government has outlined several measures to counter these security challenges, which are expected to drive the country’s military expenditure over the forecast period. The country’s military expenditure is anticipated to increase at a CAGR of 9.3% to reach $2.1 billion by 2030.

Key Highlights

• Drivers of Defense expenditure include Rise of terrorism and oil and illegal weapon smuggling, Peacekeeping operations.
• Major ongoing procurement program include procurement of M-346FA, Mi-35M, Y-20 E

Scope

This report offers a detailed analysis of Nigeria's defense market, with market size forecasts covering the next five years. It also offers insights into the strategy, security environment and defense market dynamics of the country. Various sections covered in the report are as follows -

• Defense Budget Assessment: This chapter covers the defense budgeting process, market size forecasts, drivers of expenditure, and allocation analysis. It also examines key market trends and insights.
• Military Doctrine and Security Environment: Detailed analysis of military doctrine, strategic alliances, geopolitical dynamics, and the political, social, and economic factors influencing the security environment.
• Market Entry Strategy and Regulations: This section elaborates on essential aspects of procurement policy and market regulations, market entry routes, key defense procurement bodies and major deals.
• Market attractiveness and emerging opportunities: It evaluates the attractiveness of various defense sectors, indicating cumulative market value, and highlights the top sectors and defense segments by value in the country.
• Defense Platforms Import and Export Dynamics: Provides an understanding of the defense platform imports and exports of the country from 2016 to 2023. Both imports and exports of the country are provided in terms of value ($M) and volume (units), categorized by country and sector.
• Defense Platform Acquisitions: It offers an overview of defense platform acquisitions by value. It lists current defense procurement schedules for the major ongoing and planned military platforms that have been formulated in the country and elaborates on the reasons leading to the procurement of the same.
• Fleet Size: Outlines the current fleet sizes of the Army, Air Force, and Navy, detailing the year of acquisition, units in service, and the prime contractor for the equipment.
• Competitive Landscape: Profiles the main defense companies operating in the country, offering insights into their business overviews, latest contracts, and financial results.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Nigeria defense market over the next five years
• Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Nigeria market and identify the opportunities offered.
• Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
• Identify the major threats that are driving the Nigeria defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Nigeria government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available