Nigeria has spent a staggering N804.10 billion Naira on the importation of arms and ammunition between 2020 and the second quarter of 2025, according to data obtained from the National Bureau of Statistics NBS.
The revelation comes amid ongoing efforts by the government to strengthen local arms production and reduce dependence on foreign suppliers. However, the rising import bill has sparked concerns over foreign exchange depletion and the country’s national security reliance on external sources.
A closer look at 2024 reveals an unprecedented rise in arms imports. While only N11.76 billion was spent in the first half of the year, the second half saw an explosive increase to N508.25 billion, with Q3 at N24.40 billion and Q4 peaking at N483.85 billion.
This dramatic spike has raised eyebrows among policy analysts and economic experts, particularly in light of the country’s FX challenges and inflationary pressures. Stakeholders are advocating for increased investment in local manufacturing infrastructure, skills transfer, and technology to build a self-sustaining defense industry. Experts warn that continued reliance on foreign arms not only exposes Nigeria to supply vulnerabilities but also undermines the country’s broader goals for economic self-reliance and industrial development.
