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 3028240.00 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 3207151.00 NGN Million in 2027 and 3377130.00 NGN Million in 2028, according to our econometric models.



Related Last Previous Unit Reference
GDP Growth Rate YoY 4.07 3.98 percent Dec 2025
GDP Constant Prices 63969484.82 57034847.87 NGN Million Dec 2025
GDP from Agriculture 18332954.99 17801833.18 NGN Million Dec 2025
GDP from Construction 2504245.94 2165990.78 NGN Million Dec 2025
GDP from Manufacturing 4735499.45 4344268.58 NGN Million Dec 2025
GDP from Mining 2024411.44 2033574.46 NGN Million Dec 2025
GDP from Public Administration 1675215.00 1461012.70 NGN Million Dec 2025
GDP from Services 35770833.73 30238337.50 NGN Million Dec 2025
GDP from Transport 651202.72 392741.51 NGN Million Dec 2025
GDP from Utilities 601539.27 450843.38 NGN Million Dec 2025
GDP Growth Rate 13.17 2.40 percent Sep 2025
Gross Fixed Capital Formation 2914571.33 2617119.11 NGN Million Dec 2024


Nigeria Gross Fixed Capital Formation
Actual Previous Highest Lowest Dates Unit Frequency
2914571.33 2617119.11 3480268.24 17236.65 2007 - 2024 NGN Million Quarterly
Constant Prices, NSA