Gross Fixed Capital Formation in Nigeria increased to 2914571.33 NGN Million in the fourth quarter of 2024 from 2617119.11 NGN Million in the third quarter of 2024. Gross Fixed Capital Formation in Nigeria averaged 2114254.89 NGN Million from 2007 until 2024, reaching an all time high of 3480268.24 NGN Million in the second quarter of 2024 and a record low of 17236.65 NGN Million in the fourth quarter of 2007. source: National Bureau Of Statistics, Nigeria
Gross Fixed Capital Formation in Nigeria is expected to be 3034069.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Gross Fixed Capital Formation is projected to trend around 3164510.00 NGN Million in 2027 and 3303749.00 NGN Million in 2028, according to our econometric models.