Original Research Article | OPEN ACCESS

Influence of Technology on Entrepreneurial Innovative ability and Sustainability in Nigeria

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Received: January 6, 2020        Accepted: March 19, 2020        Published: March 31, 2020

Citation: Influence of Technology on Entrepreneurial Innovative ability and Sustainability in Nigeria. Account Tax Rev 2005; 4(1):1-12 doi:

© 2005 The authors.
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Abstract

The influence of Information Communication Technology (ICT) on the innovative possibility and sustainability of entrepreneurship in Nigeria has been assessed. The Survey research design was employed using structured questionnaire administered on 158 respondents selected from three states within South-west geopolitical zone of Nigeria with the aid purposeful and judgemental sampling techniques. Data obtained were analysed using descriptive statistics and a simple regression model. The result showed a strong relationship between ICT and innovative capability of SMEs in Nigeria as revealed by the (p-value of 0.000<0.05 and β = 0.95), clear indications that ICT will cause innovative capacity to go northward. Similarly, in the case of ICT and entrepreneurial sustainability, the(p-value of 0.000<0.05 and β=0.78). Again, there existsa strong association between ICT and sustainability of entrepreneurship in Nigeria. As such, it is recommended that entrepreneurs should embrace information technology as this will expose them more to new innovations and better ways of doing things as well as hasten transmission of vital information and reduce time and cost of operation. More so, access to the internet will enhance easy communication with potential customers and business partners. It is suggested that the government should further improve on the power supply to encourage entrepreneurial growth and sustainability. In all, adequate security measures should be put in place to regularly prevent hackers, malicious attacks and other disasters inherent in ICT based environment

Keywords: ICT, Innovative Ability, Sustainability, Entrepreneurship and Growth