Economic growth describes a rise in the production of goods and services in a country or region over a particular period. It is the increase in the value of a country’s economic output. Economic growth is best reflected by an increase in the gross domestic product (GDP). Economic growth is primarily caused by an increase in aggregate demand and aggregate supply. Aggregate demand refers to the total amount of goods and services that are bought given an average price level over the entire economy. Economic growth describes a rise in the production of goods and services in a country or region over a particular period. It is the increase in the value of a country’s economic output. One cause of economic growth is increased workforce size which causes increased economic productivity and leads to a rise in the gross domestic product. Economic growth is crucial for all the business stakeholders (political parties, policymakers, industrialists and entrepreneurs and the public in general). All stakeholders invest their efforts on crafting impactful ways to achieve higher and sustainable economic growth. Economic growth is the most powerful instrument for reducing poverty and improving the quality of life in Nigeria and other developing countries. EDTD researchers provide overwhelming evidence that rapid and sustained growth is critical to making faster progress towards the Millennium Development Goals and assess how policymaking and economic institutions either help or hinder efforts to insure that the Nigeria economy is operating at full employment and to generate sustainable growth in average living standards as rapidly as possible.