Government Spending in Nigeria increased to 1082949.34 NGN Million in the fourth quarter of 2019 from 1077871.98 NGN Million in the third quarter of 2019. source: National Bureau of Statistics, Nigeria

Government Spending in Nigeria averaged 1025021 NGN Million from 2010 until 2019, reaching an all time high of 1615675.03 NGN Million in the fourth quarter of 2010 and a record low of 609792.40 NGN Million in the fourth quarter of 2017. This page provides - Nigeria Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Spending - values, historical data and charts - was last updated on November of 2020.

Government Spending in Nigeria is expected to be 1017972.00 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 1107857.00 in 12 months time. In the long-term, the Nigeria Government Spending is projected to trend around 1041386.00 NGN Million in 2021 and 1072627.00 NGN Million in 2022, according to our econometric models.

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Nigeria Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1082949.34 1077871.98 1615675.03 609792.40 2010 - 2019 NGN Million Quarterly
Constant 2010 Prices, NSA

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 17.50 18.20 75.00 7.30 percent [+]
Government Budget -3.40 -2.80 0.80 -6.00 percent of GDP [+]
Government Revenues 864.88 1418.87 1418.87 498.54 NGN Billion [+]
Military Expenditure 1907.00 1621.00 6847.00 176.00 USD Million [+]
Credit Rating 28.00 [+]
Government Spending 1082949.34 1077871.98 1615675.03 609792.40 NGN Million [+]
Government Budget Value -1462.90 -1208.50 38.36 -1664.20 NGN Billion [+]
Government Debt 85896.52 79303.31 85896.52 48361.37 USD Million [+]
Fiscal Expenditure 2327.80 2627.38 2627.38 743.65 NGN Billion [+]

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.