The study investigated the effect of foreign direct investment (FDI) on economic growth in Nigeria, which is currently Africa’s largest economy, and also determined the long-run relationship between FDI and economic growth in Nigeria from 1981 to 2017. The study adopted the autoregressive distributed lag modelling approach and ordinary least square in the analysis. The empirical results revealed that FDI has a positive and significant relationship with economic growth in Nigeria within the period under review. The study concluded and recommended that Nigerian Government should formulate policies that will attract more FDI in all sectors of the economy especially in the service and manufacturing sectors, so as to improve the infrastructural facilities and production of goods in the country and also expand its labour force. Finally, there is need to improve the educational policy of the country in order to raise the stock of human capital in the country that will make useful policies for the attraction for productive FDIs in the country. JEL Classification: E22, F21, F23, F43

Today fiscal and monetary policy instruments are inextricably linked in macroeconomic management as the macroeconomic variables are interwoven. The broad objective is to analyze the impact of fiscal and monetary policy instruments on the trade balance in Nigeria. This study uses the cointegration method and ordinary least square estimation to examine the impact of fiscal and monetary policy on Nigeria's trade balance from 1981 to 2018. The co-integration test confirms the existence of a long-run relationship between monetary policy as measured by broad money supply and fiscal policy as measured by government spending, taxation, and trade balance. The empirical findings revealed that the selected monetary and fiscal policy variables did not improve Nigeria's trade balance during the study period. As a result, the study recommended that the government encourage trade policies that increase exports to attract foreign exchange inflows and foreign investments.