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 July of 2021.

Government Spending in Nigeria is expected to be 2475416.00 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 1443554.00 in 12 months time. In the long-term, the Nigeria Government Spending is projected to trend around 1478198.00 NGN Million in 2022 and 1516631.00 NGN Million in 2023, according to our econometric models.

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Nigeria Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1409720.94 1889404.68 2339712.81 609792.40 2010 - 2020 NGN Million Quarterly
Constant 2010 Prices, NSA

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 34.98 29.10 75.00 7.30 percent of GDP [+]
Government Budget -3.80 -4.20 0.80 -6.00 percent of GDP [+]
Government Revenues 903.52 997.49 1480.87 498.54 NGN Billion [+]
Military Expenditure 2403.00 1860.00 7325.00 189.00 USD Million [+]
Credit Rating 28.00 [+]
Government Spending 1409720.94 1889404.68 2339712.81 609792.40 NGN Million [+]
Government Budget Value -1483.93 -1544.48 38.36 -1664.20 NGN Billion [+]
Government Debt 87239.12 86392.54 87239.12 48361.37 USD Million [+]
Fiscal Expenditure 2387.46 2541.97 2625.09 743.65 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.