IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 10 NO. 4 2024
DOI: https://doi.org/10.56201/ijssmr.v10.no4.2024.pg153.165

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Institutions, Economic Diversification and Economic Recovery in Nigeria

Okonkwo N. Osmond, Akamike Joseph Okechukwu

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Abstract

This study examines the interplay between institutions, economic diversification, and economic recovery in Nigeria. By using a qualitative approach, the paper examines how institutional frameworks influence diversification efforts and overall economic recovery. A qualitative analysis is conducted to examine the effectiveness of existing institutional mechanisms and their alignment with diversification goals. Findings of the study revealed that a robust institutional framework is critical to fostering diversified economic activities and facilitating the post-crisis recovery process. The study recommended targeted policy intervention aimed at strengthening institutions is needed in Nigeria to support sustainable economic diversification and resilience.

keywords:

Institutions, Economic Diversification, Economic Recovery, Foreign Direct Investment

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References:

Abur, C. (2020). Infrastructure Deficit and the Performance of Small and Medium-Sized
Enterprise in the Post Covid-19 Nigerian Economy. International Journal of Advanced
Studies in Business Strategies and Management.
https://doi.org/10.48028/iiprds/ijasbsm.v8.i1.01.

Adeola, O., & Evans, O. (2017). Financial inclusion, financial development, and economic
diversification in Nigeria. The Journal of Developing Areas, 51, 1 - 15.
https://doi.org/10.1353/jda.2017.0057.

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