For the past twenty years, an enhanced financial sectoral deregulation has been a major economic tool in the agenda of most less developed economies and Nigeria is no exception. The discouraging level of growth with reference to the savings and investment culture of the people and government involvement in these economies has call to question whether financial sector liberalization have an impact on savings and investment in the economy and by extension on the level of growth and development of such
economies. This study attempted to take a cursory look at the issue by examining the impact of financial
system liberalization on savings and investment and by extension growth and development in Nigeria between
1997 and 2008. Some of the policy recommendations centred on the government creating an enabling
environment for private investment to thrive. This will go a long way in helping to promote private investment
with significant benefits in the long run for growth and development to the advantage of the citizenry
and the economy at larg
