Olaniyi, T.A2021-03-082021-03-082015Olaniyi, T.A. (2015): Assessment of foreign direct investment on economic growth in Nigeria. International Journal of Banking, Finance and Development Studies. 1 (2); 97 -110http://hdl.handle.net/123456789/4458As unclear as the efficacy of tax incentives for attraction of Foreign Direct Investment (FDI) is, governments especially those of the developing countries have continued to grant incentives to expatriates in order to lure them to invest in their domestic economies. Thus, this study evaluated the impact of tax policy incentives on the inflows of foreign direct investment in Nigeria. It specifically investigated the impact of company income incentives, petroleum profit tax incentives, value added tax incentives, and custom and excise duties incentives on inflow of foreign direct investment into the country from 1994 to 2016. This study adopted ex-post facto research design, while multiple and correlation methods were used to analyze the secondary data obtained from Central Bank of Nigeria database. The study revealed that custom and excise duties and value added tax incentives has significant effects (Coeff= -2.096 and 4.247, p-values= 0.0233. 0.0125) respectively on foreign direct investment in the country, while companies income tax and petroleum profit tax incentives showed insignificant impact (Coeff= -1.514 and 2,749 percent; p-values= 0.1510, 0.7375) respectively on foreign direct investment in Nigeria. The study concluded that tax incentive policy is a good driver of foreign direct investment into Nigerian economy. It was recommended among other things that the government should find justifiable level of the VAT and custom duty to be paid by importers of foreign materials that will yield the maximum level of FDI into the country.enforeign direct investmenteconomic growthGross Domestic ProductIncentiveArticle