Institutions, Economic Diversification and Economic Recovery in Nigeria

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.

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