Department of Economics

Permanent URI for this collectionhttps://irepos.unijos.edu.ng/handle/123456789/11376

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    A CASE FOR THE NIGERIAN ECONOMY
    (1998) Achi Vincent Balat
    he economy is the center of life of every nation. A government is judged as good based on ils economic successes and a nation is graded as belonging to the first, second and third world, based on its economic growth. The economy determines the growth in science and technology. It is no wonder that Edwin contends that Western diplomats and Nigerians as well, on seeing the size of Nigeria; the diversity and enterprise of her people in the 1960s, expressed the most optimistic hopes for Nigeria’s economic u-turn! Odiogor and Njoku reiterated this fact when they made it clear that, “Nigeria and Asian countries such as Mafaysia and Indonesia were in the same social and economic group in the 1960s".?. That made the world to envisage Nigeria as the future giant of Africa. Today, Nigeria is nothing more than a bastion of economic ruins. She has been out paced by her Asian counterparts and her citizens only live in the reminiscence of her glorious economic past. But then, is there any hope of revamping and liberating our economy tromits ruins? This work seeks to explore this question.
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    Technology Innovation and Sustainable Entrepreneurship Development in Nigeria: Stakeholders’ Impact Assessment in Central Nigeria
    (Journal of Economics, Management and Trade, 2018) Eneji Mathias Agri; Nnandy Drenkat Kennedy; Gukat Olivia Bonmwa; Odey Francis Acha
    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.