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ABSTRACT
Along with other macroeconomic factors, the research looks into the effect of foreign direct investment inflow on economic growth in Nigeria. The study discovers that foreign direct investment has a favorable but negligible influence on economic growth in Nigeria using yearly time series data spanning the years 1995 to 2020 using the Ordinary Least Squares (OLS) econometric approach. Economic growth is found to be negatively and tangentially associated to openness. Total domestic savings are positive and significant to economic growth in Nigeria, whereas gross capital formation is considerable but negative. Therefore, in order to fuel Nigeria's rapid economic growth, the report advises the implementation of policies that would boost inflows of foreign direct investment, capital formation, and domestic savings.
