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This study focused on the determinants of poverty in Nigeria such as unemployment, inflation, investment and foreign aid was conducted to investigate their implications for Nigerian economic growth. The problem that led to the study was based on the fact that both inflation and unemployment were rising simultaneously in the country therefore, compounding the existing high poverty level in Nigeria. It was the objective of the study to examine the impact of each of these determinants on poverty level and their implications for economic growth in Nigeria and recommend possible solutions. Both descriptive, diagnostic and three variants of Ordinary Least Squares methods were employed to analyze secondary data sourced from the Central Bank of Nigerian Statistical Bulletin (2019) and the World Development Indicators (2018) on the five variables of the study. The study found out that both investment and ODA were negatively related to poverty implying that they reduce poverty level as they increase in value on yearly basis during the period reviewed. On the other hand, inflation was positively related to poverty level signifying that as inflation rate rose poverty level also increased. Finally, unemployment was found to be negatively related to poverty rate, indicating that as unemployment rate was rising poverty rate was declining. This was an aberration as such tradeoff could not exist between poverty and unemployment. Unemployment supposed to worsen poverty level and not to reduce it. It was therefore, recommended that government through the Central Bank should not just rely only on the Phillip’s curve…