ABSTRACT

The study examined the impact of private domestic savings on Nigerian economy from 1980 to 2015 using a secondary data obtained from central bank of Nigeria statistical bulletin and national bureau of statistics 2015 and ordinary least square estimation technique. The empirical findings of the study provided evidence that RINT and per capita income have significant impact on Nigerians GDP growth since they are all exerted significant, also total domestic savings exerted a positive and insignificant effect on Nigerians economy. The study therefore recommended that if the federal government wants to improve economy growth in Nigeria, they should pay close attention to increasing per capita income and maintaining a sustained interest rate since the both exerted significant in effect to economic growth of Nigeria.