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Following the need for studies on the role of institutions in the foreign direct investment-
economic growth relationship in Nigeria and the attendant challenges post by the global
pandemic caused by Covid-19, this study investigated whether institutional quality en-
hances this relationship over the period 1981 – 2018. The study used institutional data
from Freedom House, and the autoregressive distributed lag (ARDL) modeling frame-
work. The results show that the role of institutions in enhancing the FDI-growth rela-
tionship in Nigeria is significant, both in the long-run and in the short-run. The results
also show that trade is an important driver of growth in Nigeria. Among others, the study
recommends the evolution of strong institutional framework that can create the enabling
environment for inflow of investments into the Nigerian economy. Such institutional
framework should entrench respect for the rule of law, property rights, civil liberties,
transparency and accountability in governance. Furthermore, there is need to evolve
policies that will continue to mitigate the adverse effect of the Covid-19 pandemic since
FDI inflows and growth figures have been globally affected by the pandemic.
