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|Title: ||Technology Innovation and Sustainable Entrepreneurship Development in Nigeria: Stakeholders’ Impact Assessment in Central Nigeria|
|Authors: ||Agri, Eneji Mathias|
Kennedy, Nnandy Drenkat
Bonmwa, Gukat Olivia
Acha, Odey Francis
|Issue Date: ||2018|
|Publisher: ||Journal of Economics, Management and Trade|
|Series/Report no.: ||Vol.21;No.3: Pp 1-16|
|Abstract: ||This study seeks to find out the impact of technology innovation on sustainable entrepreneurship
development in Nigeria. Technology innovation seems to impact on entrepreneurship, and one
cannot deny the fact that entrepreneurship development can also impact on technology innovation.
Nigeria’s indigenous technology seems to have disappeared. The country has imported foreign
technology worth billions of dollars, most of which have become obsolete in all sectors of the economy. It shows that technology absorption and mastery in Nigeria require more than importation.
There has been the absence of remarkable indigenous efforts to evolve an indigenous technology.
This study uses survey method and interview with sampled stakeholders in Central Nigeria.
Evaluation of findings was done using simple percentages statistical technique. The level of
technology innovation in Nigeria is low, as such, entrepreneurship is weak. This is caused by
economic, political, socio-cultural and environmental factors. This study focuses on economic
factors though with interlink with other factors. Supplementary multiple regression analysis is carried
out using secondary data. The diffusion of indigenous technology will have widespread, albeit
differentiated impact on Nigeria’s entrepreneurship through the agricultural, industrial, service
sectors, including telecommunications. The educational and private sectors in Nigeria should play a
leading role in indigenous technology incubation, innovation, adoption and transfer. Innovation and
entrepreneurship will increase employment for Nigeria. However, the institutional environment and
capacities to encourage innovation are weak. Nigeria needs to evolve a comprehensive public policy
for science, technology and innovation through technical education and training.|
|Appears in Collections:||Economics|
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