Nugent was a prolific goalscorer for the Clarets' bitter rivals Preston before a big-money switch to Portsmouth saw the goals dry up.
However, the 24-year-old believes his move to Turf Moor can
resurrect his career.
"Once you're a goalscorer I think you will always score goals and I believe I will. Hopefully I will get chances and stick them away," Nugent told Burnley's official website.
"I haven't played much over the last two years. At Portsmouth I had half-an-hour here or 20 minutes there and I don't think that's long enough.
"I have missed playing and hopefully I will get that at Burnley and show people what I can do.
"It will be good to play a few games and hopefully prove a few people wrong. I can't wait to get started."
As an Everton fan, his likely Clarets debut against Liverpool at Anfield in 10 days could not be better timed.
"When I heard there was an interest I looked at the fixtures and saw after the international break it was Liverpool at Anfield. I can't wait to get down there," said Nugent.
"I scored against them for Portsmouth (a 3-2 defeat in February), and I would love to score against them again and keep Burnley flying."
Owen Coyle's side have certainly made a fine start to life in the
top flight, beating Manchester United and Everton at Turf Moor.
Although Nugent still has family in the north-west, and despite interest from other clubs, he admits it is for footballing reasons he agreed to join the Clarets.
"I'm delighted to be coming to a club that is doing well," added the 24-year-old.
"I know a lot of people wrote Burnley off, but they have started very well and hopefully I can help carry that on, score a few goals and get them even further up the table.
"It's a club with ambition. I spoke to the manager and he sounded very ambitious about the club and the way he plays, and that made the decision really."
Providing he rediscovers his form, Nugent is already looking at extending the deal, possibly even permanently.
"If I come through and do well I would love to extend it until the end of the season, and then there is an option to make a payment," said Nugent.
"It will be great if that happens, but I have to show the gaffer what I can do."