Gross Fixed Capital Formation in Nigeria decreased to 2274443.31 NGN Million in the second quarter of 2024 from 2969832.35 NGN Million in the first quarter of 2024. Gross Fixed Capital Formation in Nigeria averaged 2109674.41 NGN Million from 2007 until 2024, reaching an all time high of 3499394.70 NGN Million in the fourth quarter of 2023 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 2351774.00 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 2408272.00 NGN Million in 2026 and 2485336.00 NGN Million in 2027, according to our econometric models.



Related Last Previous Unit Reference
GDP Growth Rate YoY 3.13 3.84 percent Mar 2025
GDP Constant Prices 79289392.63 20115766.93 NGN Million Dec 2024
GDP from Agriculture 5785472.38 5763385.21 NGN Million Dec 2024
GDP from Construction 778695.90 672885.38 NGN Million Dec 2024
GDP from Manufacturing 1824923.04 1651873.40 NGN Million Dec 2024
GDP from Mining 1039317.90 1119836.14 NGN Million Dec 2024
GDP from Public Administration 466688.83 407231.74 NGN Million Dec 2024
GDP from Services 12974640.87 10777518.06 NGN Million Dec 2024
GDP from Transport 284851.99 183403.69 NGN Million Dec 2024
GDP from Utilities 152659.19 118136.54 NGN Million Dec 2024
GDP Growth Rate 10.00 0.00 percent Sep 2024
Gross Fixed Capital Formation 2274443.31 2969832.35 NGN Million Jun 2024



Nigeria Gross Fixed Capital Formation
Actual Previous Highest Lowest Dates Unit Frequency
2274443.31 2969832.35 3499394.70 17236.65 2007 - 2024 NGN Million Quarterly
Constant Prices, NSA