Consumer Spending in Nigeria increased to 10134919.77 NGN Million in the second quarter of 2018 from 9693647.78 NGN Million in the first quarter of 2018. Consumer Spending in Nigeria averaged 10011346.45 NGN Million from 2010 until 2018, 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 11117306.30 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 11238505.87 in 12 months time. In the long-term, the Nigeria Consumer Spending is projected to trend around 11772941.87 NGN Million in 2020, according to our econometric models.