Government Spending in Nigeria decreased to 929917.32 NGN Million in the first quarter of 2019 from 1027351.08 NGN Million in the fourth quarter of 2018. Nigeria Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Nigeria averaged 1015514.70 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. source: National Bureau of Statistics, Nigeria

Government Spending in Nigeria is expected to be 938752.00 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 948516.00 in 12 months time. In the long-term, the Nigeria Government Spending is projected to trend around 969383.00 NGN Million in 2021 and 992648.00 NGN Million in 2022, according to our econometric models.


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Nigeria Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
929917.32 1027351.08 1615675.03 609792.40 2010 - 2019 NGN Million Quarterly
Constant 2010 Prices, NSA


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.