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The question of whether institutional
quality is an important driver of growth has been
the subject of a growing literature in both
developed and developing economies across the
globe. This study revisits this relationship in
Nigeria from 1981Q1 to 2016Q4 and discusses
the relevant policy implications for post Covid-19
Nigeria. The study adopted the ARDL approach
which uses a bounds test approach based on
unrestricted error correction model (UECM) to
test for a long run relationship among the
relevant variables. The findings indicate that
institutional quality impacts negatively but
insignificantly on growth in Nigeria, both at the
aggregate and sectoral levels. However, initial
output growth levels, capital and labour were
found to be important drivers of growth in the
country, while trade is growth-retarding. The
study concludes that in this post Covid-19 era in
Nigeria, there is need to improve the quality of
socio-economic and political institutions in the
country so that a more robust impact of these
institutions can be felt in the economic
performance of the country both at the aggregate
and sectoral levels.
