Consumer Spending in Nigeria increased to 11018143.01 NGN Million in the fourth quarter of 2017 from 10114112.76 NGN Million in the third quarter of 2017. Consumer Spending in Nigeria averaged 10025194.11 NGN Million from 2010 until 2017, reaching an all time high of 12470076.46 NGN Million in the fourth quarter of 2015 and a record low of 7205430.82 NGN Million in the fourth quarter of 2011.
Consumer Spending in Nigeria is expected to be 10839069.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in Nigeria to stand at 10977622.00 in 12 months time. In the long-term, the Nigeria Consumer Spending is projected to trend around 11748141.00 NGN Million in 2020, according to our econometric models.