Consumer Spending in Nigeria increased to 11532542.65 NGN Million in the fourth quarter of 2024 from 10131612.75 NGN Million in the third quarter of 2024. Consumer Spending in Nigeria averaged 10542477.56 NGN Million from 2010 until 2024, reaching an all time high of 14926584.44 NGN Million in the fourth quarter of 2021 and a record low of 4562222.44 NGN Million in the second quarter of 2024. source: National Bureau of Statistics, Nigeria
Consumer Spending in Nigeria is expected to be 11982312.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Consumer Spending is projected to trend around 12690237.00 NGN Million in 2027 and 13362820.00 NGN Million in 2028, according to our econometric models.