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The Nigerian economy has some developmental and policy challenges in its effort to take off and stabilize in the path of growth and development. Some aspects of problems may be linked to the initialization difficulties associated with in adequacy in quantum and quality of resources required in the course of development, which raises the concern for Nigeria's domestic capacity to drive its development. These gaps have manifested in diverse dimensions, resulting in several deficits with conceptual nomenclatures which sometimes may not suggest the fact of deficits. Fortunately, fiscal deficit does not disguise in its signature, but macroeconomic objects like inflation and economic growth do, as they may not be seen as the manifestations of deficits. The study of fiscal deficit, inflation and economic growth in Nigeria offers a timely and insightful analysis of these relations, illuminating the effects of fiscal policy in the Nigerian economy.