Global Journal of Applied, Management and Social Sciences (GOJAMSS); Vol.19, March 2020; P.85 - 95(ISSN: 2276 – 9013) 85 INVESTMENT EXPENDITURE, ENVIRONMENTAL POLLUTION AND ECONOMIC GROWTH IN NIGERIA OGUNDEJI MUSIBAU OLAYIWOLA Department of Economics, Lagos State University, Nigeria & SALAMI DADA KAREEM Department of Economics, Lagos State University, Nigeria Abstract The third of the Sustainable Development Goals is to ensure healthy living and promote well-being for people by 2030 and this partly depends on the availability, accessibility and affordability and subsequent consumption of both social and economic goods and services which are outcome of economic growth which requires production activities. The attainment of high levels of economic growth could have implications for pollution of the environment caused through productive activities. This paper examined the implication of foreign direct investment, government expenditure on health and economic growth on the level of environmental pollution in Nigeria. Time series data were collected and analyzed using E-View statistical package. The paper found out that a positive and significant relationship exists between economic growth and Environmental pollution and that Net FDI was unexpectedly found to be negatively correlated with environmental pollution. This supports the popular Pollution Halo hypothesis. The paper therefore recommended that government should pay more attention to the health sector in terms of allocating more resources for preventive. Moreover, in as much as investment drive is crucial for economic growth, mass consumption and welfare, the government should ensure environmentally friendly production and consumption to minimize environmental pollution and there is need for better enforcement of existing pollution policies. Key words: Pollution, FDI, Expenditure, Economic Growth Introduction The trust of all developmental activities and goals is to enhance peoples well being or more precisely guarantee the ability of people to sustained their consumption of life-enhanced basket of goods and services. As a way towards actualizing this, the third of the Sustainable Development Goals is to ensure healthy living and promote well-being for all by 2030. However, to achieve this goal for individual depends on the availability, accessibility and affordability of both social and economic goods and services. Various development indicators have been put forward and are also been reviewed from time to time in line with country macroeconomic objectives and global occurrences and recently, the issue of environmental sustainability and the impact of the environment on man’s well-being have received global attention. To achieve this developmental goals, Nigerian government has made several efforts that today Nigeria economy is ranked 26 th biggest economy in the world. Though, the country’s projection as contained in her vision 20-2020 document was to be one of the twenty biggest economies in the world by the year 2020. Economic experts have projected that the Nigerian economy must grow at a minimum rate of 6–8% yearly to catch up with global development and contribute positively to goals set by nations of the world. This was against the real GDP growth rate of 1.9% recorded by the country in the year 2018(World Development Indicators, 2019).