Globalization and Economic Growth in Nigeria

The research analyzes the influence of globalization on Nigeria's economic growth by concentrating on three primary aspects: trade liberalization, foreign direct investment (FDI), and involvement in global value chains (GVCs). Integration into the global economy may boost industrialization, technology uptake, and employment in Nigeria, but it depends on local policy frameworks, institutions, and infrastructure. The quantitative study uses secondary data from 2000 to 2023 from the Central Bank of Nigeria, National Bureau of Statistics, and World Bank publications and applied the ordinary least square multiple regression technique. The findings showed that, foreign direct investment, trade openness, and global value chain engagement all positively affect Nigeria's economic growth, but foreign direct investment has the most influence. Also, the findings show that, globalization may boost economic growth but only with strong institutional and regulatory frameworks. The paper suggests that, Nigeria should maximize globalization benefits by strengthening governance frameworks, improving infrastructure, diversifying industries, and encouraging strategic foreign direct investment that transfers knowledge and builds local ability. These measures will help the country sustainably exploit global links for inclusive and long-term economic growth. This study examines how globalization synergistically affects Nigeria's economy, improving the literature.