International records / OpenAlex research

Public Debt, Institutional Quality and Economic Growth in Nigeria

Nigeria’s persistent accumulation of public debt has raised concerns about its capacity to generate sustainable economic growth. This issue are caused by the weaknesses in institutional quality, debt servicing pressures and macroeconomic instability that limit the effectiveness of borrowed funds. This study examined the effect of public debt and institutional quality on economic growth in Nigeria from 1996 to 2025. The study employed the Autoregressive Distributed Lag (ARDL) modelling after the Augmented Dickey-Fuller test established that the variables were integrated at levels and first diff…