MILITARY SPENDING AND ECONOMIC GROWTH IN NIGERIA
Abstract
This study investigates the relationship between military spending and economic growth in Nigeria. It explores whether defense expenditure contributes positively or negatively to economic development. Using a descriptive and analytical approach, data were sourced from government reports and international databases. The findings reveal that military spending has both positive and negative effects: while it enhances security and stability necessary for economic activities, excessive spending diverts resources from critical sectors such as education and health. The study concludes that a balanced approach to defense spending is essential for sustainable economic growth and recommends improved budget allocation and transparency.
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