The Impact of Military Spending on Economic Growth in Nigeria Since 1990

Abstract

This study presents the impact of military expenditure on economic growth in Nigeria since 1990, multiple linear regressions, the model which used in this study, and expressed the per capita GDP as a dependent variable, and military spending, non-military spending and the real interest rate as independent variables in this model. The results suggest that, there is the negative relationship between military expenditure and economic growth, and positive relationship between non-military spending and economic growth, and negative relationship between the real interest rate and economic growth.

Keywords: military spending, Military expenditures, non-military spending, economic growth, Nigeria