There have been a few discussions on whether there is need to expand the degree of countries,
worldwide saves or trim them, and this discussion is turning out to be really fascinating particularly in nonindustrial nations like Nigeria. To this, the study examined the how economic growth impact on Gross domestic
product, while exchange rate, inflation rate, foreign direct investment and financial development are the
independent variables and international reserves accumulation is the dependent variables for the period of
thirty years. The research design of this study is Ex Post Facto. The study employs secondary data which were
gathered form CBN Statistical Bulletin. Ordinary Least Square (OLS) method was employed to analysed data
with the aids of E-view 9. The result found out there is no significant impact of gross domestic product on
external reserve in Nigeria. Also, evidence of statistical significant impact was found between exchange rate
and foreign direct investment in Nigeria. In addition, analysis from this study revealed that there is no
significant impact of inflation rate and external reserve on international reserve in Nigeria. This study realized
that financial development have no significant impact on external reserve in Nigeria under the period of study.
Therefore, the study concluded that there is no significant impact of economic growth in international reserve
accumulation in Nigeria. The study therefore suggests that Nigerian government ought to foster legitimate
techniques and methodologies of unfamiliar stores the board to realize the sufficiency level that is expected to
achieve macroeconomic soundness