This study examines the determinant of savings in Nigeria, which will enable us to proffer solution for the improvement of savings in the economy, since it is an important component of the economic development of any country. On the bases of available data, the study is of the view that savings output in Nigeria during the period was generally unsatisfactory and discovered that real GDP per-capital has the highest effect on financial savings in this research work shows that for savings to rise to a significant level I the economy, incentives on savings should be grossly considered by the public, private and government. Savings here refer to the deposit and liabilities acquired by the organized financial institution including bank and non – bank financial intermediaries policy recommended includes: strengthening the legal framework of the financial sector, creating and maintaining a suitable macroeconomic environment for savings scheme, fostering the development of the money market and the facilitation and establishment of financial institution and their branches in the rural areas as well as the financial instrument and services they offer