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The study examines the impact of socio-economic governance on economic growth in Nigeria. It measures socio-economic governance from the perspective of fiscal policy, using indicators such as investment in education, research and development (R&D) and health.

This study employs the Autoregressive Distributive Lag (ARDL) Bound Testing method to achieve its objective.

The study finds that socio-economic policies aimed at increasing investment in education are crucial for Nigeria’s long-term economic growth. Additionally, investment in R&D positively impacts economic growth. However, the study reveals that investment in health negatively affects economic growth in Nigeria in the long run. This suggests that if a country overinvests in health, it may divert resources from other vital sectors such as education, infrastructure and R&D, which can hinder overall economic growth. The short-run parameter is, however, not statistically significant in this study.

The study’s originality lies in its exploration of the relationship between socio-economic governance and economic growth in Nigeria, specifically from a fiscal policy perspective. It highlights the importance of investing in education and R&D for long-term economic growth. Additionally, the finding that overinvestment in health may have a negative impact on long-term economic growth provides valuable insight for policymakers in Nigeria and other developing countries. Overall, this study’s findings can be beneficial for policymakers and researchers interested in the intersection between socio-economic governance and economic growth in developing countries.

This study examines the impact of deposit money banks' loan on agricultural sustainability in Nigeria for the period 1985–2017. The study adopted the ARDL bonding test to determine the short- and long-run effect of deposit money banks' loan on agricultural sustainability in Nigeria. It found that bank loans have a negative impact on agricultural sustainability in both the short and long run. Similarly, deposit money banks' interest rate also has an inverse relationship on agricultural growth in Nigeria in both the long and short run. The study concludes that bank finance is very impactful in stimulating agricultural growth within the context of the Nigerian economy. Therefore, the study recommends that the Nigerian government should increase agricultural financing and lower interest rates in order to achieve food sufficiency and promote agricultural sustainability.