This study examines the effect of foreign direct investment on Nigeria’s economic growth using an ex-post facto research design. Data were sourced from the 2022 CBN Statistical Bulletin and analysed using pre- and post-estimation tests. Unit root test results supported the use of the ARDL model. Findings reveal that inflation rate positively but insignificantly influenced economic growth, measured by gross domestic product, in the long and short term. Exchange rate had a negative but insignificant effect on GDP. The study recommends policies to reduce exchange rate volatility and promote monetary stability.
