Name: Nigeria Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Nigeria,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

Government Spending in Nigeria increased to 1652430.35 NGN Million in the fourth quarter of 2024 from 1542963.44 NGN Million in the third quarter of 2024. Government Spending in Nigeria averaged 1098442.16 NGN Million from 2010 until 2024, reaching an all time high of 2304793.22 NGN Million in the second quarter of 2020 and a record low of 609792.40 NGN Million in the fourth quarter of 2017. source: National Bureau of Statistics, Nigeria

Government Spending in Nigeria is expected to be 1716875.00 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 1818310.00 NGN Million in 2027 and 1914680.00 NGN Million in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Credit Rating	26.00			Jan 2026
Fiscal Expenditure	5939.63	6799.39	NGN Billion	Dec 2024
Government Budget	-5.30	-4.60	percent of GDP	Dec 2023
Government Budget Value	-2625.15	-4448.54	NGN Billion	Dec 2024
Government Debt	99658.36	97238.52	USD Million	Jun 2025
Government Debt to GDP	52.90	48.70	percent of GDP	Dec 2024
Federal Government Revenues	8307.04	7222.36	NGN Billion	Jun 2025
Government Spending	1652430.35	1542963.44	NGN Million	Dec 2024
Holidays
Military Expenditure	1133.30	3101.30	USD Million	Dec 2024

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.