Government Spending in Nigeria decreased to 1409720.94 NGN Million in the fourth quarter of 2020 from 1889404.68 NGN Million in the third quarter of 2020. source: National Bureau of Statistics, Nigeria

Government Spending in Nigeria averaged 1083921.92 NGN Million from 2010 until 2020, 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 January of 2022.

Government Spending in Nigeria is expected to be 1031943.00 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 1129974.00 NGN Million in 2023 and 1159354.00 NGN Million in 2024, according to our econometric models.

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Nigeria Government Spending

Related Last Previous Unit Reference
Government Spending 1070298.80 1004812.91 NGN Million Jun/21
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.