2025-03-27https://repository.covenantuniversity.edu.ng/handle/123456789/33242The study seeks to evaluate the effectiveness of fiscal policy in enhancing savings, resource mobilisation and investment in the Nigerian capital market this is done with the objective of identifyng the extent to which fiscal policy-related issues have contributed to the underperformance of savings mobilisation and investment in Nigeria. A descriptive statistical approach (trend analysis) was adopted to evaluate how the economy performed under different fiscal policy regimes, and from the analysis, 'fiscal hydrocephalus' was observed. In addition, there were indications of predominant idle savings, as well as financial crowding-out. The study, therefore, recommends some policy measures to reform public enterprises and, in particular, limit cash flow problems in order to encourage release of available domestic credits to the private sector. The need for a competitive domestic economy was also recognised to be crucial for encouraging savings, because no meaningful savings and investment can take place in an uncertain environment.application/pdfHB Economic Theory, HJ Public FinanceArticle