Following return to the democratic rule in the nation back into the international system with intensity of his foreign trips and commitments, the country was reconnected to the outside world through shuttle diplomacy which paved way for FDI flow into the country. In other to tackle the perennial problems in the country after years of international isolation, apart from economic domestic reform, the foreign policy approach and the shuttle diplomacy embarked upon by Obasanjo’s administration aimed at attracting foreign investors did benefit the country. As a matter of fact, Nigeria witnessed immense growth, redeemed image in the international system,
contributed to peace keeping missions in the world, as well as increased Foreign Direct Investment inflow between 1999-2007. Although certain domestic inadequacies served as impediments to high volume of growth, such as poor infrastructure, insecurity, wide-spread corruption etc. However the foreign policy style and the conduct of shuttle diplomacy had a positive effect to an extent on the Nigerian economy. However, while the foreign policy of Nigeria under President Obasanjo met with certain challenges genuine domestic reforms and a well focused foreign policy pursuit stand as the best options. It is in view of this that this project work critically assesses the Nigerian foreign policy under the administration of president Obasanjo.