Review of: "The Role of Nation and State Institutions in Nigeria’s Economy: An Empirical Review"
Résumé
Potential competing interests: No potential competing interests to declare.The paper assesses the role of national and state institutions in shaping Nigeria's economy.Institutions exist to positively affect the citizenry and the economy at large by creating an enabling environment for businesses to thrive, attracting investments, and fostering domestic economic activities.Here is a breakdown of my suggestions about how this paper can be improved. RESEARCH OBJECTIVEThe objective of the paper is -To assess the role of national state institutions in shaping Nigeria's economy.This objective seeks to describe the attributes of national and state institutions in relation to Nigeria's economy.While a research objective exploring the role of new institutional actors, e.g., informal actors/institutions might be valid, applying the same objective to formal and established institutions seems repetitive.I say this because the attributes and the typical expectations of institutions are often communicated in mission statements, statutory duties, and functions.Inherently, these institutions exist to positively affect the nation's economy among other things.A quick example: using National Agency for Food and Drug Administration and Control (NAFDAC) and The Nigerian Ports Authority (NPA), two of the institutions reviewed in the paper.A search on their websites provides information about the mission, statutory functions and duties of these institutions.NAFDAC: To protect and promote the public health by instituting an effective and efficient regulatory system that ensures only the right quality Food Drugs and other regulated products are manufactured, exported, imported, advertised, distributed, sold, and used.Now, the findings of the paper reviewed showed that: "NAFDAC's role in ensuring consumer safety, promoting quality standards, attracting investments, facilitating exports, and generating revenue makes it a significant contributor to the Nigerian economy".NPA: To develop, own and operate ports and harbours.Provide safe and navigable channels.Offer cargo handling and storage service.Maintain Port facilities and equipment.Ensure safety and security.Findings of the paper reviewed showed that: "The Nigerian Ports Authority's role in trade facilitation, revenue generation, employment creation, infrastructure development, maritime safety, and economic integration makes it a significant Qeios, CC-BY 4.
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