Governance, Institutional quality, Economic growth, Inequality, Africa, Central Bank of Nigeria


This paper examined the role of institutional quality on economic growth and reduction of inequality in Nigeria. Survey research design was adopted and data were collected through primary and secondary sources. Population of the study was 600 businesses across Nigeria. Descriptive and inferential statistics were used for data analysis. Findings revealed that the bottlenecks facing businesses in accessing loans have significant effects on business creation in Nigeria. The study concluded that lack of policies and interventions are not the problems for small businesses to obtaining funds from government, but effectiveness and efficiency of these interventions and policies.

Author Bio

Mrs. Ann Ogbo (Ph.D) and Mr. Emeka Ikechukwu Humphrey are both staff of Department of Mnanagement of the University of Nigeria, Nsukka.

Mr. Arachie Augustine Ebuka is a staff of the Department of Business Administration, Nnamdi Azikwe University Awka

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