Homeland Security Expenditure in Sri Lanka to 2018: Market Review - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/27288/Homeland-Security-Expenditure-in-Sri-Lanka-to-2018:-Market-Review/

Synopsis
SDI's "Homeland Security Expenditure in Sri Lanka to 2018: Market Review" provides historic and forecast market sizing and budget allocation, and a top-level analysis of the market.

Summary
SDI's "Homeland Security Expenditure in Sri Lanka to 2018: Market Review" provides a quantitative view of historic and forecast market sizing and budget allocation, and a top-level analysis of the market. The information in this Market Review draws upon SDI's in-depth, primary research and proprietary databases to provide you with robust data. It is an essential resource for professionals active across the industry value chain and for new players considering entry into the market.

Scope
- Features key historical data on the homeland security market in the Sri Lanka.
- Provides key forecast statistics on the overall homeland security market to 2018.

Reasons To Buy
- Understand the Sri Lanka homeland security market using SDI's market analysis.
- Identify industry trends in the Sri Lanka by analyzing the historical industry data.
- Use the market sizing and budget allocation data to understand the current landscape and forecasts to discover the future direction of the homeland security market in Sri Lanka.
- Formulate crucial business strategies and make the right investment decisions using SDI's forecast figures.

Homeland Security Expenditure in Argentina to 2018: Market Review - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/27287/Homeland-Security-Expenditure-in-Argentina-to-2018:-Market-Review/

Synopsis
SDI's "Homeland Security Expenditure in Argentina to 2018: Market Review" provides historic and forecast market sizing and budget allocation, and a top-level analysis of the market.

Summary
SDI's "Homeland Security Expenditure in Argentina to 2018: Market Review" provides a quantitative view of historic and forecast market sizing and budget allocation, and a top-level analysis of the market. The information in this Market Review draws upon SDI's in-depth, primary research and proprietary databases to provide you with robust data. It is an essential resource for professionals active across the industry value chain and for new players considering entry into the market.

Scope
- Features key historical data on the homeland security market in the Argentina.
- Provides key forecast statistics on the overall homeland security market to 2018.

Reasons To Buy
- Understand the Argentina homeland security market using SDI's market analysis.
- Identify industry trends in the Argentina by analyzing the historical industry data.
- Use the market sizing and budget allocation data to understand the current landscape and forecasts to discover the future direction of the homeland security market in Argentina.
- Formulate crucial business strategies and make the right investment decisions using SDI's forecast figures.

Homeland Security Expenditure in Finland to 2018: Market Review - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/27286/Homeland-Security-Expenditure-in-Finland-to-2018:-Market-Review/

Synopsis
SDI's "Homeland Security Expenditure in Finland to 2018: Market Review" provides historic and forecast market sizing and budget allocation, and a top-level analysis of the market.

Summary
SDI's "Homeland Security Expenditure in Finland to 2018: Market Review" provides a quantitative view of historic and forecast market sizing and budget allocation, and a top-level analysis of the market. The information in this Market Review draws upon SDI's in-depth, primary research and proprietary databases to provide you with robust data. It is an essential resource for professionals active across the industry value chain and for new players considering entry into the market.

Scope
- Features key historical data on the homeland security market in the Finland.
- Provides key forecast statistics on the overall homeland security market to 2018.

Reasons To Buy
- Understand the Finland homeland security market using SDI's market analysis.
- Identify industry trends in the Finland by analyzing the historical industry data.
- Use the market sizing and budget allocation data to understand the current landscape and forecasts to discover the future direction of the homeland security market in Finland.
- Formulate crucial business strategies and make the right investment decisions using SDI's forecast figures.

Homeland Security Expenditure in Denmark to 2018 : Market Review - Reports Corner

https://www.reportscorner.com/reports/27285/Homeland-Security-Expenditure-in-Denmark-to-2018:-Market-Review/

Synopsis
SDI's "Homeland Security Expenditure in Denmark to 2018: Market Review" provides historic and forecast market sizing and budget allocation, and a top-level analysis of the market.

Summary
SDI's "Homeland Security Expenditure in Denmark to 2018: Market Review" provides a quantitative view of historic and forecast market sizing and budget allocation, and a top-level analysis of the market. The information in this Market Review draws upon SDI's in-depth, primary research and proprietary databases to provide you with robust data. It is an essential resource for professionals active across the industry value chain and for new players considering entry into the market.

Scope
- Features key historical data on the homeland security market in the Denmark.
- Provides key forecast statistics on the overall homeland security market to 2018.

Reasons To Buy
- Understand the Denmark homeland security market using SDI's market analysis.
- Identify industry trends in the Denmark by analyzing the historical industry data.
- Use the market sizing and budget allocation data to understand the current landscape and forecasts to discover the future direction of the homeland security market in Denmark.
- Formulate crucial business strategies and make the right investment decisions using SDI's forecast figures.

Homeland Security Expenditure in the Austria to 2018: Market Review - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/27284/Homeland-Security-Expenditure-in-the-Austria-to-2018:-Market-Review/

Synopsis
SDI's "Homeland Security Expenditure in the Austria to 2018: Market Review" provides historic and forecast market sizing and budget allocation, and a top-level analysis of the market.

Summary
SDI's "Homeland Security Expenditure in the Austria to 2018: Market Review" provides a quantitative view of historic and forecast market sizing and budget allocation, and a top-level analysis of the market. The information in this Market Review draws upon SDI's in-depth, primary research and proprietary databases to provide you with robust data. It is an essential resource for professionals active across the industry value chain and for new players considering entry into the market.

Scope
- Features key historical data on the homeland security market in the Austria.
- Provides key forecast statistics on the overall homeland security market to 2018.

Reasons To Buy
- Understand the Austria homeland security market using SDI's market analysis.
- Identify industry trends in the Austria by analyzing the historical industry data.
- Use the market sizing and budget allocation data to understand the current landscape and forecasts to discover the future direction of the homeland security market in Austria.
- Formulate crucial business strategies and make the right investment decisions using SDI's forecast figures.

Defense Expenditure in Sri Lanka to 2018: Market Review - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/27283/Defense-Expenditure-in-Sri-Lanka-to-2018:-Market-Review/

Synopsis
SDI's "Defense Expenditure in Sri Lanka to 2018: Market Review" provides historic, forecast market sizing and budget allocation of the Sri Lanka defense market. The report also provides a top-level overview and detailed segmentation of the market.

Summary
SDI's "Defense Expenditure in Sri Lanka to 2018: Market Review" provides a quantitative view of historic and forecast market sizing and budget allocation, a top-level analysis of the market and analysis by segment. The information in this Market Review draws upon SDI's in-depth, primary research and proprietary databases to provide you with robust, segment specific data. It is an essential resource for professionals active across the industry value chain and for new players considering entry into the market.

Scope
- Features key historical data on the defense market in the Sri Lanka.
- Provides key forecast statistics on the overall defense market to 2018.
- Provides segmentation analysis of the defense market in the Sri Lanka.

Reasons To Buy
- Understand the Sri Lanka defense market using SDI's market and segmentation analysis.
- Identify industry trends in the Sri Lanka by analyzing the historical industry data.
- Use the sector market sizing and budget allocation data to understand the current landscape and forecasts to discover the future direction of the defense market in Sri Lanka.
- Formulate crucial business strategies and make the right investment decisions using SDI's forecast figures.

Defense Expenditure in Argentina to 2018: Market Review - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/27282/Defense-Expenditure-in-Argentina-to-2018:-Market-Review/

Synopsis
SDI's "Defense Expenditure in Argentina to 2018: Market Review" provides historic, forecast market sizing and budget allocation of the Argentina defense market. The report also provides a top-level overview and detailed segmentation of the market.

Summary
SDI's "Defense Expenditure in Argentina to 2018: Market Review" provides a quantitative view of historic and forecast market sizing and budget allocation, a top-level analysis of the market and analysis by segment. The information in this Market Review draws upon SDI's in-depth, primary research and proprietary databases to provide you with robust, segment specific data. It is an essential resource for professionals active across the industry value chain and for new players considering entry into the market.

Scope
- Features key historical data on the defense market in the Argentina.
- Provides key forecast statistics on the overall defense market to 2018.
- Provides segmentation analysis of the defense market in the Argentina.

Reasons To Buy
- Understand the Argentina defense market using SDI's market and segmentation analysis.
- Identify industry trends in the Argentina by analyzing the historical industry data.
- Use the sector market sizing and budget allocation data to understand the current landscape and forecasts to discover the future direction of the defense market in Argentina.
- Formulate crucial business strategies and make the right investment decisions using SDI's forecast figures.

Future of the South African Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/27244/Future-of-the-South-African-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/

Synopsis
This report is the result of SDI's extensive market and company research covering the South African defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Summary
Why was the report written?
The Future of the South African Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain a market share in the South African defense industry.

What is the current market landscape and what is changing?
South African defense expenditure registered a CAGR of 9.2% during the review period and values US$5.3 billion in 2013. The focus of the South African government will be on crime, peacekeeping missions, border security, and military modernization initiatives to drive defense expenditure.

What are the key drivers behind recent market changes?
Crime, peacekeeping missions, border security and military modernization initiatives to drive defense expenditure.

What makes this report unique and essential to read?
The Future of the South African Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Scope
The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

The report includes trend analysis of imports and exports, together with their implications and impact on the South African defense industry.

The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.

The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.

The report helps the reader to understand the competitive landscape of the defense industry in South Africa It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Reasons To Buy
The African Economic Outlook data for 2009 shows corruption in South Africa to be the fourth-highest of the 53 countries in the African region. In 2009, South Africa's corruption perception index (CPI), a score that is based on the degree of corruption as perceived by industry professionals and country analysts, and ranges between 10 (highly uncorrupt) and 0 (highly corrupt), is estimated at 4.7 - far above the African average of 2.86. The decision made by South Africa's first democratically elected government to purchase ZAR30 billion (US$3.5 billion) worth of weapons in 1999 has been the single largest, and one of the most controversial, defense procurement deals in post-apartheid South African history.

In South Africa, the lack of transparency in arms procurement processes remains a common challenge, obstructing an informed debate on any arms trade treaty among countries and aiding corruption. Furthermore, distrust between countries often escalates, leading to the excessive and destabilizing accumulation of arms.

Managing the weapons acquisition process is a challenge to both the political and technical systems in South Africa. The South African defense policy frameworks, written in the 1990s, have been proven unsuitable by several procurements, most notably the US$3.5 billion Strategic Defense Package of 1999, which was marred by corruption and irregularity. As a result, functions, mandates, and roles that were not envisaged at the time have been written into current defense force roles.

Key Highlights
Increasing concerns regarding the obsolescence of South Africa's military arsenal has enabled many foreign companies to enter the South African defense market by offering superior defense products. For instance, Boeing made its initial entry into the South African defense market with a major presence at the Africa Aerospace and Defense Expo in 2008, and the offer of the CH-47 Chinook as a solution to South Africa's heavy airlift requirements.

In the review period, there were a growing number of joint ventures between European and South African defense firms. The South African government is encouraging joint ventures as these deals enable the transfer of technology, allow domestic firms to enter the global supply chain, and encourage long-term investment into research and development. For instance, Saab AB, a defense company based in Sweden, entered into a US$35 million joint venture with a South African defense company, Denel, in order to manufacture aircraft components.

[South Africa's arms imports are dominated by Sweden due to the purchase of Gripen aircraft in 2010 and 2011 respectively. In order to replace Dassault Mirage III, the South African Air Force (SAAF) acquired 26 Swedish-built Saab Gripen C and D model fighters in 2012. During 2008-2012, 61.2% of the country's arms imports were from Sweden, 23.1% from Germany, 7.7% from UK, 5.3% from USA, 1.6% from Italy, 0.9% from Israel, and 0.3% from France.

Future of the Venezuelan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - Reports Corner

For complete information about the report, please visit our website

'https://www.reportscorner.com/reports/27223/Future-of-the-Venezuelan-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/

Product Synopsis
This report is the result of SDI's extensive market and company research covering the Venezuelan defense industry, and provides detailed analysis of both historic and forecast defense industry values, including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape
Why was the report written?
The Future of the Venezuelan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain a market share in the Venezuelan defense industry.

What is the current market landscape and what is changing?
Venezuelan defense expenditure recorded a CAGR of 7.82% during the review period and is expected to value US$5.7 billion in 2013. Modernization activities and border disputes drove expenditure during the review period, and both factors are expected to continue to be drivers throughout the forecast period. Defense expenditure in Venezuela is expected to register a CAGR of 11.37% and reach a value ofUS$8.0 billion by 2018. As a percentage of gross domestic product (GDP) the Venezuelan defense budget stood at 1.64% in 2013, and is expected to increase to 2.08% of GDP by 2018, largely due to the expected increase in defense expenditure. The capital expenditure allocation of the Venezuelan defense budget, which stood at 41.6% during the review period, is expected to increase to 68.9% during the forecast period, as a result of increased budget allocation for equipment purchases. Consequently, revenue expenditure is likely to decrease from 58.4% in the review period to 31.1% in the forecast period. Key opportunities for equipment suppliers are expected in the areas of fighter and multi-role aircrafts, transport and utility aircraft, and attack aircraft. Other areas expected to provide opportunities for equipment suppliers are the purchase of main battle tanks, diesel electric submarines, as well as surface-to-air and surface-to-surface missiles. 

What are the key drivers behind recent market changes?
Modernization, border disputes and development of domestic defense industry to drive defense expenditure in the forecast period.

What makes this report unique and essential to read?
The Future of the Venezuelan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits
The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

The report includes trend analysis of imports and exports, together with their implications and impact on the Venezuelan defense industry.

The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.

The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.

The report helps the reader to understand the competitive landscape of the defense industry in Venezuela. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Key Market Issues
In 2013, Venezuela recorded a defense budget of US$5.7 billion, which was low compared to some other Latin American countries. Furthermore, during the review period, capital expenditure accounted for 41.6% of Venezuela's total defense budget, expected to increase to 68.9% over the forecast period. This increase in capital expenditure translates into a higher budget allocation for the purchase of equipment, and hi-tech arms and ammunition. Nevertheless, a relatively smaller defense budget has become a barrier to entry for foreign companies, despite the country maintaining an open economy. The Venezuelan defense industry comprises only of state-owned companies with little specialization in weapon categories, this results in a lack of advanced defense technology and means that foreign weapon suppliers, who intend to conduct business in Venezuela, face infrastructure challenges. Although foreign suppliers can bring advanced technology into the country, this can result in technology imports without offset incentives. At the same time, as the country plans to develop its domestic defense industry, it might encourage domestic suppliers to produce more defense equipment, ending a reliance on foreign companies.

Corruption has become a major obstacle for foreign companies aiming to enter the Venezuelan defense market, as it can result in unfair contract awards. According to Transparency International's corruption perceptions index, Venezuela is a highly corrupt country with a score of 19, and the country ranks 165th out of 174 countries. Government tenders are often unreliable in Venezuela because the process frequently lacks transparency; in May 2010, the former Venezuelan defense minister was sentenced to nearly eight years in prison for misappropriating state funds while in office. As part of the anti-corruption drive initiated by the Venezuelan government, in June 2013, a senior tax official was arrested on charges of corruption. The authorities had previously apprehended senior officials from government ministries, state companies and other organizations on charges of corruption.

Key Highlights
Although Venezuela allows 100% FDI in its defense industry, its underdeveloped defense market, lack of advanced technology, and small defense budget mean many foreign OEMs prefer to enter the industry through direct selling. High corruption levels, increasing government intervention, and economic and political instability also make the Venezuelan defense industry unattractive to foreign investment. A large proportion of military procurement is undertaken through government-to-government, or government-to-supplier deals. 

In May 2006, the US judged that Venezuela had not been fully co-operating in counter terrorism efforts and announced an arms embargo against the country, banning the export and re-export of US originated defense equipment to Venezuela. Consequently, the country started to import defense equipment from Russia and Spain, who were prepared to export to Venezuela. During 2007-2011, Venezuela imported around US$2.0 billion of arms from Russia, including 24 Sukhoi fighter jets, over 100 T72 tanks, dozens of combat helicopters, and air defense systems. China is also an important import partner for the country, and during the review period Venezuela purchased long-rage surveillance radar systems and fighter jets from China. Other import partners include the Netherlands, Switzerland, Ukraine, Germany, and Italy. Venezuela purchased naval patrol boats from Spain, and radar systems from the Netherlands. Over the review period, Venezuela imported weapons worth US$11.0 billion from Russia.

Future of the Nigerian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/27222/Future-of-the-Nigerian-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/

Product Synopsis
This report is the result of SDI's extensive market and company research covering the Nigerian defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape
Why was the report written?
The Future of the Nigerian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Nigerian defense industry.

What is the current market landscape and what is changing?
The Nigerian defense market, valued at US$2.3 billion in 2013, is expected to see a double digit growth rate over the forecast period, to reach US$4.4 billion by 2018. Piracy, oil smuggling in the Gulf of Guinea and a contribution to peacekeeping operations are expected to drive the country's military expenditure to register a growth rate of 13.62% over the forecast period. The growth in military expenditure will be assisted by the country's stable economic growth over the forecast period, which will a see rise in defense expenditure as a percentage of GDP from 0.8% in 2013 to 1.1% in 2018. Nigeria's capital defense expenditure is expected to increase from 0.4 billion in 2013 to 0.6 billion by 2018, although its share in total expenditure is expected to decrease from 15% during the review period to 14% over the forecast period. Defense equipment such as marine helicopters, fighters, patrol vessels, and armored personnel carriers are expected to be demand over the forecast period. An under developed domestic defense industry and availability of funds propel the Nigerian government to import from the countries producing low-cost defense equipment. The growing threat from Boko Haram and other extremist groups in northeastern states, and drug trafficking are expected to drive the Nigerian government's investments in homeland security over the forecast period. Police modernization and homeland security infrastructure developments are expected to be primary areas for investment by the government.

What are the key drivers behind recent market changes?
Nigerian military expenditure is expected to be mainly driven by peacekeeping operations and efforts to stop the smuggling of stolen oil.

What makes this report unique and essential to read?
The Future of the Nigerian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits
The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

The report includes trend analysis of imports and exports, together with their implications and impact on the Nigerian defense industry.

The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.

The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.

The report helps the reader to understand the competitive landscape of the defense industry in Nigeria. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Key Market Issues
According to the Corruption Perceptions Index 2010 of Transparency International, Nigeria is classified as a highly corrupt country. Corruption can result in unfair contract awards and has become a major obstacle for foreign companies aiming to supply arms to the Nigerian MoD. There is also widespread corruption in the Nigerian Police Force; embezzlement and mismanagement of the police budget has resulted in only a small portion of the budget being spent on protecting internal security, resulting in an increased internal threat to the country. In January 2008 the Chief of Army Staff, acting for and on behalf of the government of Nigeria, awarded contracts to Esquire Ventures Ltd., Profitel Ltd., Century Communications Ltd., and Jonny-Way Investments Ltd., for the supply of various specialist military items to be used by Nigeria's UN-backed troops, for NGN1,190.7 million (US$10.3 million). Materials valued at NGN660 million (US$5.7 million) were supplied and others worth NGN530.7 million (US$4.6 million) were ready for shipment, but the contractors were paid only NGN175 million (US$1.5 million), leaving the contractors underpaid, despite the country receiving funding for the project from the UN worth several million dollars. Issues such as this are causing the Ministry of Defense and Nigerian Police to maintain a high level of focus on anti-corruption activities.

With a defense budget of US$2.3 billion in 2013, Nigeria invests only 0.8% of its GDP towards defense. During the review period an average of 14.9% of the defense budget was allocated for capital expenditure, representing a relatively low allocation for the purchase of equipment and high-technology arms and ammunition. As a result, the country's relatively small defense budget does not attract foreign defense companies, and the prohibition of FDI in the defense sector also acts as a barrier for market entry for foreign suppliers.

Key Highlights
Nigeria is the largest crude oil producer in Africa and generates about 80% of its revenues from oil exports. However, the country is plagued by piracy and oil theft, so loses about 10% of its oil exports. The expanding activities of criminal gangs have caused an upsurge in the number of oil ships attacked by the Nigerian pirates in Gulf of Guinea in the last two years. Pirates not only hold the ship and crew for ransom, but also strip the vessel of oil and other valuable items. A lack of stringent security measures in Gulf of Guinea and along its borders has also accentuated the threat of oil theft, which cripples the country's economy. In 2011, Nigerian soldiers destroyed nearly 500 illegal oil refineries in the Niger Delta region to stop the smuggling of stolen oil in the country. Recently, Nigeria had to withdraw its peacekeeping contingent form Darfur to counter the threat from oil smugglers in around of Niger Delta. The Nigerian government is expected to spend on strengthening its Navy and maritime patrol to deal with oil smugglers and procure necessary equipment over the forecast period. Nigeria's Navy is seeking government approval to acquire up to 49 ships and 42 helicopters over the next ten years to guard the nation's territorial waterways and Gulf of Guinea.

Nigeria has a long history of internal conflicts marring its economic growth and stability. Although these conflicts have ethnic and religious connotations to them, the divisions have deeper reasons such as struggles for control over the oil. The recent emergence of the radical Islamic group, Boko Haram flared up the rebellion in northeast Nigeria leading to the announcement of emergency in these states by the President in May. Boko Haram is believed to be behind the kidnappings of foreign nationals for ransom and subsequent killings in the past two years. Nigerian government suspects that Boko Haram's leadership has ties with Al Qaeda in the Islamic Maghreb (AQIM) and other international terrorist groups; these suspicions have become stronger due to the sophisticated weaponery used by the Boko Haram during the conflict with Nigerian Army prior to the emergency declaration. The Nigerian government passed its first anti-terrorism act in February 2011, and is also expected to invest in surveillance and intelligence technologies to counter the threat posed by these extremist groups. Nigeria is expected to modernize its police force to enable them to handle the threats posed by these extremist groups armed with sophisticated equipment.

Nigeria's defense imports peaked in 2010 due to the import of aircraft from China and fell back to 2009 levels during 2011. The sudden increase in imports in 2010 is primarily due to the import of 15 F-7 aircraft from China. During the forecast period, imports of defense equipment are expected to rise further as the country plans to increase its defense expenditure and spend more on equipment purchases. The underdeveloped domestic defense market will also lead to a rise in total defense equipment purchases during the forecast period.