Information Technology and Entrepreneurial Wealth Creation Sustainability in Nigeria
Keywords:
ICT, Entrepreneurs, Sustainability, Operational Efficiency and Wealth Creation
Abstract
The study examined the influence of technology on entrepreneurship wealth creation in Nigeria most especially in the face of rising unemployment. The study was carried out in Ekiti state with 187 questionnaires administered and distributed to entrepreneurs. Ekiti state. The data collected was analyzed using descriptive statistical tools. However, a total of one hundred and fifty-seven (157) copies of the questionnaires administered representing 84.0% were found to be appropriately filled and used for the study analysis. These were analyzed using frequency count, Mean Item Score (MIS) and Friedman Chi-square test non parametric ANOVA in SPSS Version 26 conducted at 0.05 levels of significance. Findings revealed that information technology has a positive influence on entrepreneurship creation and the result of the findings further buttress the significant relationship between technology and entrepreneurship activities in Nigeria. Entrepreneurs should be educated and informed about the significance of information technology and how it can be used to improved operational efficiency.
References
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Akande O.O. (2015). Does Information Technology (IT) Influence Entrepreneurial operations Efficiency: An Empirical Investigation of the Nigerian Small and Medium Businesses SMBs. Journal of Business and Management, 17(4) 2319-7668.
Arvin T (2013) Impact of Information Technology On the Entrepreneurship Development: Advances in Environmental Biology, 7(8): 1421-1426.
Babarinde, S. A., Omoyele, O. S., Ayodele, T. D., & Adio, A.I. (2020). Youth Entrepreneurship and Small and Medium Enterprises (SMEs) Growth in Nigeria: The Moderating Role of Information and Communication Technology (ICT). International Journal of Management, 11(12), 2516-2526.
Balachandran V. & Sakthivelan M.S (2013). Impact of Information Technology on Entrepreneurship (eEntrepreneurship). Journal Of Business Management Research, 2(2), 23195614.
Emmanuel Sife A (2008): Challenges of Managing Information and communication technologies for educational Experiences from Sokoine National Agricultural Library International Journal and education and development using ICT vol 4 No3.
Eneji M. A., Nnandy D. K., Gukat, O. B., & Odey F. A. (2018). Technology Innovation and Sustainable Entrepreneurship Development in Nigeria: Stakeholders’ Impact Assessment in Central Nigeria. Journal of Economics, Management and Trade, 21(3), 2456-9216.
Juliana, N. O., Hui, H. J., Clement, M., Solomon, E. N., & Elvis, O. K. (2021). The Impact of Creativity and Innovation on Entrepreneurship Development: Evidence from Nigeria. Open Journal of Business and Management, 9, 1743-1770.
Jane, I. O. (2010). Entrepreneurship Education: A Veritable Tool For Employment Creation In Nigeria. Multidisciplinary Journal of Empirical, 8.
Kaya, H. D. (2016). The Impact of Technology Use on Entrepreneurial Activity and Owner Composition. Journal of Women’s Entrepreneurship and Education, 1-2, 39-57.
Mohammad H., & Khorashadi Z. (2014). Entrepreneurship Under the Effect of Information Technology. Indian Journal of Fundamental and Applied Life Sciences, 4,2231– 6345.
Muhammad, M. S., Abdullahi, B. A., & Aminu A. G. (2017). Applying information & communication technology in an entrepreneurship: a motivating tool for poverty reduction in Nigeria. Journal Of Nigeria Association Of Vocational & Technical Educators.
Navita, N., & Gunjan, D., Influence of Technology Entrepreneurship on Entrepreneurial Intentions: A Cross Country Analysis, SSRN-Elsevier
Nnenna, O.E(2015). Pattern of Acquisition of ICT-based Skills by Student-Teachers Implications for Teacher Education in Nigeria in this Era of Digitalization Journal of Education and Practice, 6, 2222-1735.
Oyewale, I.O., Adeyemo, S. A., & Ogunleye, P. O. (2013) Technological Innovation: An Imperative Tool for Entrepreneurship Development in Nigeria, Australian Journal of Business and Management Research 3(8), 1839 – 0846
Schumpeter, J. A. (1934). The Theory of Economic Development. Cambridge: Harvard University Press.
Science and Engineering Indicators (2002). Industry, technology and the global marketplace: international patenting trends in two new technology areas. National Science Foundation. Retrieved 08 May 2019.
Tawami, T. & Rahman, A. (2019). Role of information technology on entrepreneurship. Science and Engineering , 662, 032-053. doi:10.1088/1757-899X/662/3/032053
Tuoyo, C. A., Oladele, T.O., Lawal, A.M., & Awa, K.I. (2020). Influence of technology on entrepreneurial, innovative ability and sustainability in Nigeria. Accounting and Taxation Review, 4(1): 1-12.
William, A. B., Mingzhi, H., & Xue W . (2018). Does the Utilization of Information Communication Technology Promote Entrepreneurship: Evidence from Rural China. Munich Personal RePEc Archive.
Yusuf, E. (2017). Influence of entrepreneurship education, technology and globalisation on performance of SMEs in Nigeria. African Journal of Business Management, 11(15) 1993-8233.
Adewale A.K (2004) ICT Entrepreneurship in Developing Countries and Poverty Alleviation. adeniyikie@yahoo.com.
Akande O.O. (2015). Does Information Technology (IT) Influence Entrepreneurial operations Efficiency: An Empirical Investigation of the Nigerian Small and Medium Businesses SMBs. Journal of Business and Management, 17(4) 2319-7668.
Arvin T (2013) Impact of Information Technology On the Entrepreneurship Development: Advances in Environmental Biology, 7(8): 1421-1426.
Babarinde, S. A., Omoyele, O. S., Ayodele, T. D., & Adio, A.I. (2020). Youth Entrepreneurship and Small and Medium Enterprises (SMEs) Growth in Nigeria: The Moderating Role of Information and Communication Technology (ICT). International Journal of Management, 11(12), 2516-2526.
Balachandran V. & Sakthivelan M.S (2013). Impact of Information Technology on Entrepreneurship (eEntrepreneurship). Journal Of Business Management Research, 2(2), 23195614.
Emmanuel Sife A (2008): Challenges of Managing Information and communication technologies for educational Experiences from Sokoine National Agricultural Library International Journal and education and development using ICT vol 4 No3.
Eneji M. A., Nnandy D. K., Gukat, O. B., & Odey F. A. (2018). Technology Innovation and Sustainable Entrepreneurship Development in Nigeria: Stakeholders’ Impact Assessment in Central Nigeria. Journal of Economics, Management and Trade, 21(3), 2456-9216.
Juliana, N. O., Hui, H. J., Clement, M., Solomon, E. N., & Elvis, O. K. (2021). The Impact of Creativity and Innovation on Entrepreneurship Development: Evidence from Nigeria. Open Journal of Business and Management, 9, 1743-1770.
Jane, I. O. (2010). Entrepreneurship Education: A Veritable Tool For Employment Creation In Nigeria. Multidisciplinary Journal of Empirical, 8.
Kaya, H. D. (2016). The Impact of Technology Use on Entrepreneurial Activity and Owner Composition. Journal of Women’s Entrepreneurship and Education, 1-2, 39-57.
Mohammad H., & Khorashadi Z. (2014). Entrepreneurship Under the Effect of Information Technology. Indian Journal of Fundamental and Applied Life Sciences, 4,2231– 6345.
Muhammad, M. S., Abdullahi, B. A., & Aminu A. G. (2017). Applying information & communication technology in an entrepreneurship: a motivating tool for poverty reduction in Nigeria. Journal Of Nigeria Association Of Vocational & Technical Educators.
Navita, N., & Gunjan, D., Influence of Technology Entrepreneurship on Entrepreneurial Intentions: A Cross Country Analysis, SSRN-Elsevier
Nnenna, O.E(2015). Pattern of Acquisition of ICT-based Skills by Student-Teachers Implications for Teacher Education in Nigeria in this Era of Digitalization Journal of Education and Practice, 6, 2222-1735.
Oyewale, I.O., Adeyemo, S. A., & Ogunleye, P. O. (2013) Technological Innovation: An Imperative Tool for Entrepreneurship Development in Nigeria, Australian Journal of Business and Management Research 3(8), 1839 – 0846
Schumpeter, J. A. (1934). The Theory of Economic Development. Cambridge: Harvard University Press.
Science and Engineering Indicators (2002). Industry, technology and the global marketplace: international patenting trends in two new technology areas. National Science Foundation. Retrieved 08 May 2019.
Tawami, T. & Rahman, A. (2019). Role of information technology on entrepreneurship. Science and Engineering , 662, 032-053. doi:10.1088/1757-899X/662/3/032053
Tuoyo, C. A., Oladele, T.O., Lawal, A.M., & Awa, K.I. (2020). Influence of technology on entrepreneurial, innovative ability and sustainability in Nigeria. Accounting and Taxation Review, 4(1): 1-12.
William, A. B., Mingzhi, H., & Xue W . (2018). Does the Utilization of Information Communication Technology Promote Entrepreneurship: Evidence from Rural China. Munich Personal RePEc Archive.
Yusuf, E. (2017). Influence of entrepreneurship education, technology and globalisation on performance of SMEs in Nigeria. African Journal of Business Management, 11(15) 1993-8233.
Published
2023-07-21
Section
Articles
