This research examined the impact of capital flight and its determinants on the Nigerian economy using the
Autoregressive Distributed Lag (ARDL) model to analyze data source from the period of 1981 to 2015. The
variables included current account balance, capital flight, foreign direct investments, foreign reserve, inflation
rate, external debt, and the real gross domestic product. It was to examine the existence of a long run relationship
among the variables studied. The result indicates that capital flight has a negative impact on the economic growth
of Nigeria. Therefore, the government needs to implement policies that will promote domestic investment and
discourage capital flight from Nigeria.