ABSTRACT
The study examined the determinants of private domestic savings in Nigeria from 1981 to 2015 using secondary data obtained from central bank of Nigeria statistical bulletin 2015 and ordinary least square estimation technique. The empirical findings of the study provided evidence that in the long run, real interest rate (RINR), financial deepening (M2GDP), Gross domestic product per capita (GDPPC) and population growth (POP) are the major determinants of savings in Nigeria since they all exerted significant effects on private domestic saving. In short run however, M2GDP was the found to be the only major determinant of private domestic savings in Nigeria. The study therefore recommended that if the federal government wants to improve the level of private domestic savings in Nigeria, they should pay close attention to the above determinants as they significantly influenced the level of private domestic savings.