Nigeria Government Spending2022 Data - 2023 Forecast - 2010-2021 Historical - Chart

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,2021,2022,2023

Government Spending in Nigeria increased to 1173404.20 NGN Million in the fourth quarter of 2021 from 1142917.52 NGN Million in the third quarter of 2021. source: National Bureau of Statistics, Nigeria

Government Spending in Nigeria averaged 1085083.29 NGN Million from 2010 until 2021, reaching an all time high of 2339712.81 NGN Million in the second quarter of 2020 and a record low of 609792.40 NGN Million in the fourth quarter of 2017. This page provides - Nigeria Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Spending - values, historical data and charts - was last updated on July of 2022.

Government Spending in Nigeria is expected to be 1101337.00 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 1252126.00 NGN Million in 2023 and 1294698.00 NGN Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Spending	1173404.20	1142917.52	NGN Million	Dec 2021

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.