Presently, Nigeria is the largest economy in Africa with the exponential increase in the nominal GDP. However, this stride underscores the disparity between economic growth and development with regards to daunting challenges of social welfare. This paper, therefore, accentuates the imperatives of quality (good) government to explore the gains of the country’s economic growth to respond effectively to the crises of development in reference to human development index. The methodology espoused in this study was derived from both the secondary sources (government publications, books, Journals, articles from the Internet) and insightful empirical observation of socio-economic trends in Nigeria. Furthermore, the study revealed that the present government initiated laudable sectoral reforms which are however constrained by certain absurdities contrary to the values of good governance. The paper argued and opined that the indices of good governance is pertinent; to harness the gains of the projected growth to mitigate the crises of economic development and improve on the social welfare of the 170 million population of Nigeria.

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