Government Spending in Nigeria increased to 931227.37 NGN Million in the second quarter of 2022 from 905224.27 NGN Million in the first quarter of 2022. source: National Bureau of Statistics, Nigeria

Government Spending in Nigeria averaged 1078408.99 NGN Million from 2010 until 2022, reaching an all time high of 2339712.81 NGN Million in the second quarter of 2020 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 December of 2022.

Government Spending in Nigeria is expected to be 1214473.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Government Spending is projected to trend around 1260623.00 NGN Million in 2023 and 1304745.00 NGN Million in 2024, according to our econometric models.

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Nigeria Government Spending

Related Last Previous Unit Reference
Government Spending 931227.37 905224.27 NGN Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
931227.37 905224.27 2339712.81 609792.40 2010 - 2022 NGN Million Quarterly
Constant 2010 Prices, NSA