Import and Export Analysis on Nigerian Defense Market Nigerian Defense Market 2012-2016 CAGR Impact
Future of the Nigerian Defense Industry - Market Attractiveness, Competitive Landscape
and Forecasts to 2021 Industry Report Order report by calling RnRMarketResearch.com at
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The Future of the Nigerian Defense Industry - Market Attractiveness, Competitive Landscape
and Forecasts to 2021, published by Strategic Defence Intelligence, provides readers with
detailed analysis of both historic and forecast defense industry values, factors influencing
demand, the challenges faced by industry participants, analysis of industry leading
companies, and key news.
The Nigerian defense market, valued at US$1.8 billion in 2016, is expected to see sustained
growth over the next five years, to reach US$2.1 billion by 2021. The growing threat from
Boko Haram, piracy, oil smuggling in the Gulf of Guinea, and contributions to peacekeeping
operations, are expected to drive the country's military expenditure, registering a growth
rate of 3.73% over the forecast period.
On a cumulative basis, the country is expected to invest US$9.9 billion for defense purposes,
of which US$3.4 billion is earmarked for capital expenditure to fund defense procurements.
The government's well-defined military modernization plans to counter influence of narcoterrorists, drug traffickers and weapon traffickers is expected to fuel procurement of
The MoD is expected to invest in fighters and multi-role aircraft, Infantry fighing vehicles,
attack helicopters, and transport aircrafts over the coming years.
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This report offers detailed analysis of the Nigerian defense industry with market size
forecasts covering the next five years. This report will also analyze factors that influence
demand for the industry, key market trends, and challenges faced by industry participants.
In particular, it provides an in-depth analysis of the following:
The Nigerian defense industry market size and drivers: detailed analysis of the Nigerian
defense industry during 2017-2021, including highlights of the demand drivers and growth
stimulators for the industry. It also provides a snapshot of the country's expenditure and