Dimensional Entrepreneurial Deployment of Information and Communication Technology for Economic Empowerment in Nigeria

Abstract

The success of entrepreneurship practice largely depends on the opportunities provided by an environment and the intuition and innovativeness of the enterprising individuals to leverage on the opportunities. The emerging information and communication technologies (ICT) in Nigeria brought about arrays of opportunities for ICT entrepreneurship practice in the country. Conscientious examination of the dimensional exploration of the information-driven technologies for economic activities among the enterprising individuals revealed extensive exploitation for fast-tracking online businesses and merchandising of ICT resources. Socioeconomic impacts of the ICT entrepreneurship thus range through increased employment opportunity in the informal sector to satisfaction of basic needs of such employees. The need to strengthen the ICT sector through enabling policy for economic growth of the micro, small and medium entrepreneurs is recommended.

Exploring the Nexus among Tourism, Information Communication Technology and Economic Growth: A Case Study of Nigeria

“…Similarly, with a long-term coefficient of (0.004), information and communication technology (MCS) has a strong positive impact on Nigeria's economic growth. The results align with the studies conducted by [47,50,48,13], and others that have demonstrated a noteworthy and affirmative influence of ICT on economic growth. Notably, [13] also employ mobile cellular subscription as a stand-in for ICT.…”

“…The study concludes that whereas internet usage has a negative and negligible link with economic growth in Nigeria, mobile phone membership has a positive and substantial influence on economic growth both in the short and long term. Additionally, [47] look on the dimensional entrepreneurial use of ICT for Nigerian economic empowerment. They highlighted how the nation's growing ICT potential have accelerated online enterprises and the merchandising of ICT resources, creating more job chances in the unorganized sector and enabling workers to meet their fundamental necessities.…”