This study examined the extent of relationship that exists between fund mobilization and economic growth in Nigeria from 1990 to 2019 using secondary data obtained from published works and CBN Statistical Bulletin. Bank Deposit (BDEP), Gross Domestic Savings (GDS) and Gross Domestic Investments (GDI) were used to proxy fund mobilization, while Gross Domestic Product (GDP), Per Capital Income (PCI) and Employment Rate (EMR) were also used to proxy Economic growth. The formulated hypotheses were regressed using Ordinary Least Square method. The result revealed that fund mobilization has significant relationship on GDP, but insignificant relationship on PCI and EMR. That means that fund mobilization increased the National Wealth (GDP), without having any significant increase on people’s standard of living (PCI and EMR). Based on that result, attainment of a sustainable economic growth is a mere dream. The study advocates for citizenship advancement policy that will create more jobs which will enhance the standard of living of the populace. Again public goods and Education investment programs that can give the citizens equal opportunity to self development can serve as a bailout.
Bank Deposit, Gross Domestic Savings, Gross Domestic Investments, Gross Domestic Product, Per Capital Income and Employment Rate
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