Information and Communication Technology (ICT) and Entrepreneurship Development in Nigeria

Harrison O. Ataide

Download article picture_as_pdf

Abstract

The purpose of this study was to investigate how information and communication technology (ICT) contributes to the growth of entrepreneurship in Nigeria. When it comes to the broad acceptance of social media and digital apps, ICT plays a crucial role in the day-to-day operations of entrepreneurial endeavours. A desk research strategy was used, and literature on the effects of ICT on the growth of entrepreneurship was examined. According to the report, there is a plethora of potential for youth empowerment, employability, and general employment when ICT is applied to business growth. A lack of proper entrepreneurship orientation, inconsistent power supplies, inadequate ICT infrastructure, a lack of skilled technicians and technologists, poor access to financing, and poor marketing abilities were among the difficult factors that the study also uncovered. These were obstacles that any aspiring business owner had to overcome to ensure the sustainability of an existing venture. The report suggested, among other things, that given the critical role that ICT plays in the creation of entrepreneurial possibilities, the government and other stakeholders should create an environment that is supportive of the development of ICT infrastructure to support the growth of entrepreneurship. Furthermore, training facilities in ICT should be provided by relevant government agencies and networth stakeholders to increase the efficiency of the country’s entrepreneurs, enabling them to acquire relevant technical and technological skills needed to expand output, maintain existing customers, gain access to wider markets, and improve their entrepreneurial activities generally, particularly in terms of the development of new products for solving societal problems in the country.

Author

Read more