Government Spending in Nigeria decreased to 842195.49 NGN Million in the second quarter of 2018 from 904099.06 NGN Million in the first quarter of 2018. Government Spending in Nigeria averaged 1021739.89 NGN Million from 2010 until 2018, reaching an all time high of 1615675.03 NGN Million in the fourth quarter of 2010 and a record low of 624001.80 NGN Million in the third quarter of 2017.

Government Spending in Nigeria is expected to be 803043.22 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Nigeria to stand at 811797.91 in 12 months time. In the long-term, the Nigeria Government Spending is projected to trend around 850402.15 NGN Million in 2020, according to our econometric models.

Nigeria Government Spending
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Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 21.30 17.60 75.00 7.30 percent [+]
Government Budget -5.10 -2.10 0.80 -6.70 percent of GDP [+]
Government Revenues 798.82 1121.55 1121.55 498.54 NGN Billion [+]
Government Spending 842195.49 904099.06 1615675.03 624001.80 NGN Million [+]
Government Budget Value -398.22 -713.13 38.36 -1664.20 NGN Billion [+]
Fiscal Expenditure 1197.04 1834.69 2495.13 743.65 NGN Billion [+]
Credit Rating 27.58 [+]
Military Expenditure 1907.00 1621.00 6847.00 176.00 USD Million [+]


Nigeria Government Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Nigeria Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Spending - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
842195.49 904099.06 1615675.03 624001.80 2010 - 2018 NGN Million Quarterly
Constant 2010 Prices, NSA




Country Last Previous
Argentina 90795.00 Mar/19
Australia 90142.00 Mar/19
Brazil 104275.00 Jun/19
Canada 422881.00 Mar/19
China 220906.00 Dec/18
Euro Area 546.04 Mar/19
France 136911.00 Jun/19
Germany 143.22 Mar/19
India 3686.66 Mar/19
Indonesia 209394.41 Jun/19
Italy 78566.20 Mar/19
Japan 108825.60 Jun/19
Mexico 2143950.00 Mar/19
Netherlands 45100.00 Jun/19
Russia 4035.60 Mar/19
Saudi Arabia 151611.00 Mar/19
Singapore 12496.60 Jun/19
South Africa 645563.00 Mar/19
South Korea 75957.40 Jun/19
Spain 57636.00 Jun/19
Switzerland 19991.24 Mar/19
Turkey 57997834.60 Mar/19
United Kingdom 94259.00 Jun/19
United States 3297.90 Jun/19


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