ECONOMIC GROWTHINNIGERIA

This study explores the relationship between foreign capital outflows and economicgrowthin Nigeria, with a particular focus on how factors such as Foreign Direct Investment (FDI),Foreign Portfolio Investment (FPI), interest rates, inflation rates, foreign remittances, andother forms of development assistance contribute to or are impacted by capital outflows. Theresearch investigates the interactions between these factors and their effects on keyaspectsofeconomic performance, including investment levels, employment rates, andindustrialproductivity. By analyzing historical data, the study reveals that foreign capital outflowsdriven by factors such as fluctuating interest rates, inflation, and weak policyframeworksnegatively affect Nigeria's long-term economic growth. Additionally, the role of foreignremittances and development assistance is examined, suggesting that while theyoffersomeeconomic relief, they are insufficient to counterbalance the broader challenges posedbycapital flight. Based on these findings, the study provides policy recommendations aimedatcurbing capital outflows, improving the investment climate, and leveraging FDI, FPI, andremittances to foster more stable and sustainable economic growth in Nigeria.