Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    AFC Raises CHF 350m in Swiss Digital Bond at 1.4925%

    August 12, 2026

    IFC Acquires US$25 million Equity Interest in Jumia Technologies AG.

    August 12, 2026

    Wall Street Dips as AI, Tech Stock Momentum Fades, European Markets Mixed

    August 12, 2026
    Facebook X (Twitter) Instagram
    Trending
    • AFC Raises CHF 350m in Swiss Digital Bond at 1.4925%
    • IFC Acquires US$25 million Equity Interest in Jumia Technologies AG.
    • Wall Street Dips as AI, Tech Stock Momentum Fades, European Markets Mixed
    • XRP Climbs as National Bank of Canada Discloses Holding
    • US Energy Agency Hikes Crude Price Forecast, Oil Flow Falls 77%
    • Oil Climbs as Drone Strikes Libyan Energy Infrastructure
    • NCC Urges Protection of Fibre Infrastructure During Road Construction, Decries Over 5,000 Fibre Cuts in H1 2026
    • Tinubu Approves Offshore Reform to Unlock $50bn Investment
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, August 12
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Foreign » NATO Chief Calls for Boost in Military Budgets

    NATO Chief Calls for Boost in Military Budgets

    Olu AnisereBy Olu AnisereJune 2, 2025 Foreign No Comments2 Mins Read
    NATO Chief Calls for Boost in Military Budgets
    Mark Rutte, NATO Secretary General
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    NATO Chief Calls for Boost in Military Budgets

    NATO Secretary General Mark Rutte has called for significantly higher defence spending in view of the geopolitical confrontation with Russia. “We have to stand ready so it will be considerably more than the 2 per cent we were used to,” Rutte said during a visit to Lithuania.

    He said that the alliance’s current annual defence-related spending target of 2 per cent of economic output is no longer adequate to address today’s security challenges.

    The host, Lithuanian President Gitanas Nausėda, also called on the allies to invest significantly more money in the military. “Russia will not wait,” Nausėda said. Rutte took part in a one-day meeting of the so-called Bucharest Nine Group (B9) and the Nordic countries in Vilnius.

    The summit, which was also attended by Ukrainian President Volodymyr Zelensky, served to prepare for the NATO summit in around three weeks’ time in The Hague.

    The B9 includes Poland, Romania, Bulgaria, Hungary, the Czech Republic, Slovakia and the three Baltic states of Estonia, Latvia and Lithuania. The Nordic states are Finland, Sweden, Norway, Denmark and Iceland.

    Nausėda warned that Russia is trying to consolidate and rebuild its armed forces as quickly as possible. “We have very limited time to do the same,” he said. “I hope we will be able to reach the agreement regarding the 5 per cent of GDP target.”

    There is no need to talk about very long timetables or additional deadlines of 2035 or 2040, he added. U.S. President Donald Trump is demanding that the alliance partners spend 5 per cent of their economic output on defence.

    Rutte recently proposed a compromise formula of increasing defence-related spending to 3.5 per cent and spending an additional 1.5 per cent on infrastructure. He assumes that the NATO states would agree to this. #NATO Chief Calls for Boost in Military Budgets#

    Reps Decry Non-Remittance of 5% Petrol Price to FERMA

    NATO
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Olu Anisere
    • Website
    • LinkedIn

    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

    Keep Reading

    AFC Raises CHF 350m in Swiss Digital Bond at 1.4925%

    IFC Acquires US$25 million Equity Interest in Jumia Technologies AG.

    Wall Street Dips as AI, Tech Stock Momentum Fades, European Markets Mixed

    XRP Climbs as National Bank of Canada Discloses Holding

    US Energy Agency Hikes Crude Price Forecast, Oil Flow Falls 77%

    Oil Climbs as Drone Strikes Libyan Energy Infrastructure

    Add A Comment

    Comments are closed.

    Editors Picks

    AFC Raises CHF 350m in Swiss Digital Bond at 1.4925%

    August 12, 2026

    IFC Acquires US$25 million Equity Interest in Jumia Technologies AG.

    August 12, 2026

    Wall Street Dips as AI, Tech Stock Momentum Fades, European Markets Mixed

    August 12, 2026

    XRP Climbs as National Bank of Canada Discloses Holding

    August 12, 2026

    US Energy Agency Hikes Crude Price Forecast, Oil Flow Falls 77%

    August 12, 2026
    Latest Posts

    AFC Raises CHF 350m in Swiss Digital Bond at 1.4925%

    August 12, 2026

    IFC Acquires US$25 million Equity Interest in Jumia Technologies AG.

    August 12, 2026

    Wall Street Dips as AI, Tech Stock Momentum Fades, European Markets Mixed

    August 12, 2026

    XRP Climbs as National Bank of Canada Discloses Holding

    August 12, 2026

    US Energy Agency Hikes Crude Price Forecast, Oil Flow Falls 77%

    August 12, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.