Maize (Zea mays L.) is one of the most important crops in Ethiopia in general and in the Jimma area in particular. However, its productivity is low due to the inadequate management of nitrogen fertilizer rates and inappropriate timing of fertilizer applications. Hence, a field experiment was conducted during the 2020-2022 main cropping seasons to determine the effect of different rates and times of nitrogen applications on phenology, growth, yield, and yield components of maize and to estimate the most economical rate and time of nitrogen fertilizer application. The experiment was laid out in a factorial randomized complete block design with three replications. The experiment consisted of five rates of nitrogen (0, 46, 92,138 and 184kg N ha<sup>-1</sup>) and three times of application (Full at planting, 1/2 at planting +1/2 at the 5-leave stage, and 1/3 at planting+1/3 at 5-leave stage + 1/3 at booting). The result revealed that days to 50% tasseling, days to 90% physiological maturity, plant height, ear height, stem diameter, numbers of ears per plant, grain yield, above-ground dry biomass, and harvest index were significantly affected by either the main effects of N fertilizer rate or time of N application. The interaction of rates and time of nitrogen application affected considerably days to 50% silking. The highest mean grain yield (8355.60 kg ha<sup>-1</sup>) was recorded with applied N in three splits (1/3 at planting, 1/3 at the 5-leave stage, and 1/3 at booting) and the highest grain yield (9213.5 kg ha<sup>-1</sup>) was obtained from 184kg N ha<sup>-1</sup>. Grain yield was positively and /highly/ significantly association with days to maturity (r=35), height (r=0.30), ear height (r=0.24), girth (r=0.55), number of ears per plant (r=0.62), biomass yield (r=0.91), harvest index (r=0.35) while grain yield was negatively and/highly/ significantly association with days to tasseling (r=0.20) and days to silking (r=0.23). Partial budget analysis revealed that N in three split applications and 184kg N ha<sup>-1</sup> rate realized the maximum net benefit of 208,311.10 Birr ha<sup>-1</sup> and 226,380.2 Birr respectively. Therefore, based on the highest net benefit applying N in three splits (1/3 at planting, 1/3 at 5-leave stage, and 1/3 at booting) and 184kg N ha<sup>-1</sup> application an economic yield response and also acceptable for farmers of study areas and similar agroecology.
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