ABSTRACT

The impact of globalization on economic growth of Nigeria was examined. The study employed OLS estimation techniques of time series data for a period of 30 years (1985 to 2015). The study revealed that Globalization and Foreign Direct Investment have a positive and significant impact on Gross Domestic Product of Nigeria. The study further showed that Exchange Rate (EXR) has a positive and insignificant effect on the economic growth of Nigeria during the period of study. The study recommended that strategic macroeconomic policies should be instituted in order to encourage Foreign Direct Investment from abroad because of its significant capacity to enhance the growth of the Nigerian economic growth.