Preheat oven to 325.
In a large mixing bowl, combine oats, brown sugar, cinnamon, nutmeg and nuts. Pour oil, honey and vanilla into a small saucepan over medium heat; stir until combined.
Pour liquid mixture over oat mixture; stir until dry ingredients are coated. Spread granola evenly on a cookie sheet and bake 30-40 minutes until golden brown, stirring every 10-15 minutes to prevent burning.
Remove from oven and cool completely. Add dried fruit, if desired, and store in an airtight container. Serving size: 1/4 cup.