
Asia Pacific Academy of Science Pte. Ltd. (APACSCI) specializes in international journal publishing. APACSCI adopts the open access publishing model and provides an important communication bridge for academic groups whose interest fields include engineering, technology, medicine, computer, mathematics, agriculture and forestry, and environment.
Supporting public and technological innovations through entrepreneurship in Nigeria
Vol 2, Issue 1, 2025
Download PDF
Abstract
This study examines how technological and public innovations cross in Nigeria’s entrepreneurial environment, highlighting the vital role that entrepreneurship plays in fostering innovation. The goal of the study is to have a thorough grasp of how new businesses might improve technology developments and public services in the face of Nigeria’s particular socioeconomic difficulties. A comprehensive search of academic databases, such as Google Scholar, Scopus, Web Science, and JSTOR, was carried out using a systematic literature review process, with an emphasis on peer-reviewed publications, reports, and respectable conference papers published between 2018 and January 2025. Non-peer-reviewed sources and those that did not address the interaction between these domains were excluded, whereas papers that were deemed relevant to entrepreneurship and innovation in Nigeria were included. In order to find trends, obstacles, and success factors related to entrepreneurship and innovation, data extraction entailed identifying important findings, methodology, and case studies. Then, thematic analysis was conducted. According to research, a strong entrepreneurial environment can spur technological and societal improvements, which will ultimately promote sustainable development. In order to foster a climate that encourages innovation-driven entrepreneurship in Nigeria, the paper ends with practical suggestions for stakeholders, entrepreneurs, and legislators.
Keywords
References
1. Abubakar M, Murtala M. The impact of digital transformation on entrepreneurial success in Nigeria. Journal of Business Research. 2024; 154: 113-130.
2. World Bank. Doing business 2023: Comparing business regulation in 190 economies. World Bank; 2023.
3. Abor J, Quartey P. Issues in SME Development in Ghana and South Africa. International Research Journal of Finance and Economics. 2022; 39(21): 5-228.
4. Adebayo A, Oyelola O. The influence of blockchain technology on business models in Nigeria’s startup ecosystem. Journal of Business Research. 2024; 155: 145-162.
5. Nigerian Economic Summit Group. Entrepreneurship and innovation: Key drivers of Nigeria’s economic transformation. 5. Nigerian Economic Summit Group; 2022.
6. Adebayo A, Ojo. Entrepreneurship development in Nigeria: A review of the literature. Journal of African Business. 2023; 24(1): 1-20.
7. OECD. Nigeria: Challenges and opportunities for entrepreneurship. OECD; 2023.
8. Ojo O. Financing small and medium enterprises in Nigeria: The role of government and private sector. African Journal of Business Management. 2021; 15(4): 1 25-1 34.
9. Afolabi A. The role of social enterprises in Nigeria’s economic recovery post COVID-19. Journal of Social Entrepreneurship. 2024; 15(1): 45-62.
10. Abubakar I, Adebayo A. Public service innovations: Bridging the gap in service delivery in Nigeria. Journal of Public Administration and Governance. 2023; 13(1): 45-60.
11. Ojo J, Inegbedion H. Impact of e-commerce on small business growth in Nigeria post-COVID-19. Journal of Small Business and Enterprise Development. 2024; 31(1): 78-90.
12. Akinpelu Y, Ojo J. Innovative entrepreneurship in Nigeria: Trends and opportunities. International Journal of Business and Social Science. 2023; 14(1): 67-80.
13. Eniola A, Entebang H. Entrepreneurship and economic growth: Evidence from Nigeria. Journal of Economic Studies. 2021; 48(4): 835-850.
14. Akinwumi O, Olawale I. The impact of mobile technology on financial inclusion in Nigeria. International Journal of Financial Studies. 2022; 10(2): 78-92.
15. World Bank Group. Nigeria: Unlocking the potential of youth entrepreneurship. World Bank Report; 2023.
16. World Economic Forum. The global competitiveness report: Nigeria’s position in the global economy, 2024. World Economic Forum; 2024.
17. International Monetary Fund (IMF) (2023). Nigeria: Economic outlook and challenges. Available online: https://www.imf.org/en/Countries/NGA (accessed on 2 October 2024).
18. Afolabi A, Ojo J. The role of technology in enhancing entrepreneurship in Nigeria: A systematic review. Journal of Technology Management in China. 2023; 18(2): 150-165.
19. Bessant J, Tidd J. Managing innovation: Integrating technological, market and organizational change, 6th ed. Wiley; 2020.
20. Akinwumi A, Olawale F. The impact of technology on entrepreneurship in Nigeria. Journal of Business Research. 2022; 145(1): 23-1 35.
21. Eniola A, Entebang H. Digital skills development and entrepreneurship in Nigeria: A study on the youth. Journal of Technology Management in Emerging Economies. 2024; 14(1): 1-15.
22. Adeleke AQ, Ojo JA. The role of entrepreneurship in Nigeria’s economic growth: A focus on youth empowerment. African Journal of Business Management. 2022; 16(3): 34-48.
23. Eniola A, Nwachukwu C. The impact of digital skills training on entrepreneurship development in Nigeria. Journal of Vocational Education and Training. 2024; 76(1): 30-45.
24. Osborne SP, Brown K. Innovation in public services: The role of public service innovation. Public Management Review. 2013; 15(3): 325-328.
25. Afolabi A. Innovation and entrepreneurship in Nigeria: Challenges and opportunities. African Journal of Entrepreneurship. 2021; 10(2): 45-61.
26. Uyo A. Public innovations in Nigeria: Challenges and prospects for effective governance. Nigerian Journal of Public Administration. 2022; 14(1): 50-67.
27. Udechukwu I, Iwuoha V. Impact of government policies on entrepreneurship development in Nigeria: A Review of Literature. Journal of Policy Modeling. 2023; 451: 11 -16.
28. Tidd J, Bessant J. Managing innovation: Integrating technological, market and organizational change, 6th ed. Wiley; 2023.
29. Okafor C, Nwankwo E. Sustainable entrepreneurship in Nigeria: Challenges and opportunities in the green economy. Journal of Cleaner Production. 2024; 375: 135-150.
30. Osotimehin K, Ojo A. Entrepreneurship education in Nigeria: Analyzing the curriculum and its impact on students. Education + Training. 2023; 65(1): 151-165.
31. Chukwuma OJ, Eze PC. The impact of technological innovations on the Nigerian economy: A sectoral analysis. Journal of Technology and Economic Development. 2023; 11(2): 112- 125.
32. Uche C, Iwuoha V. The impact of foreign direct investment on entrepreneurship development in Nigeria. Journal of African Business. 2024; 25(3): 245-265.
33. Afolabi A, Ogunleye O. Innovation hubs in Nigeria: Catalysts for entrepreneurial growth. Journal of Technology Transfer. 2024; 49(1): 150-168.
34. Eze SC, Ndubisi NO. The role of digital technology in enhancing entrepreneurship in Nigeria. Journal of Small Business Management. 2023; 61(1): 90-105.
35. Eze SC, Nwankwo E. The influence of government policies on entrepreneurship in Nigeria: A critical analysis. Journal of Policy Analysis and Management. 2022; 41(2): 345-362.
36. Eze SC, Iwu CG. Harnessing artificial intelligence for innovation in Nigerian Startups. International Journal of Innovation Management. 2024; 28(1): 1-20.
37. Eze SC, Udechukwu I. Crowdfunding as a financing tool for startups in Nigeria: Opportunities and challenges. Journal of Small Business Management. 2024; 62(1): 112-128.
38. Idowu AA, Ogunyemi O. Exploring the role of policy frameworks in enhancing entrepreneurship in Nigeria. Journal of Policy Analysis and Management. 2024; 43(1): 101-120.
39. Inegbedion HI, Omoregie E. The role of women entrepreneurs in Nigeria’s economic development. Journal of Small Business and Enterprise Development. 2023; 30(3): 450- 467.
40. Inegbedion HI, Oladipo O. Exploring the role of business incubators in supporting startups in Nigeria. International Journal of Entrepreneurial Behavior & Research. 2024; 30(2): 100-115.
41. Iwu CG, Eniola A. Women entrepreneurs in Nigeria: Navigating challenges and leveraging opportunities. Journal of Gender Studies. 2024; 33(1): 1-17.
42. Iwu CG, Iwu J. Social media as a tool for entrepreneurial growth in Nigeria: Opportunities and challenges. Journal of Business and Social Science. 2023; 14(2): 112-128.
43. Nwachukwu C, Nwankwo E. The role of microfinance in promoting entrepreneurship in Nigeria. Journal of Small Business and Enterprise Development. 2023; 30(2): 265- 280.
44. Nwankwo E, Eze SC. Assessing the impact of digital marketing on small business growth in Nigeria. Journal of Marketing Management. 2023; 39(4): 567-584.
45. Nwachukwu C, Nwankwo E. The role of cooperative societies in promoting entrepreneurship in Nigeria. Journal of Cooperative Organization and Management. 2023; 1(1): 45- 60.
46. Nwachukwu C, Eze SC. Exploring the relationship between innovation and competitive advantage in Nigerian SMEs. Journal of African Business. 2024; 25(2): 150-165.
47. Nwokolo M, Ojo J. The role of social media in promoting entrepreneurship among Nigerian youth. Journal of Entrepreneurship Education. 2024; 27(2): 200-218.
48. World Bank. Nigeria overview: Economic growth and diversification. Available online: https://www.worldbank.org/en/country/nigeria/overview (accessed on 2 October 2024).
49. Nwankwo E, Iwu J. The role of government support in fostering innovation in Nigerian SMEs. Journal of Small Business and Enterprise Development. 2024; 31(3): 200-215.
50. Ogbu O, Eze S. Digital transformation and entrepreneurial opportunities in Nigeria: A review. Journal of Entrepreneurship and Innovation in Emerging Economies. 2022; 8(2): 115-130.
51. Oduyoye J, Olaniyan A. The impact of entrepreneurship on poverty alleviation in Nigeria: A case study approach. Journal of Development Studies. 2023; 59(4): 567-583.
52. U.S. Agency for International Development (USAID). Nigeria: Economic recovery and growth plan. USAID; 2024.
53. Olayiwola O, Akinwumi A. Digital marketing strategies for Nigerian SMEs: The way forward. Journal of Marketing Management. 2024; 40(1): 77-93.
54. Uche C. Financing innovation in Nigeria: The role of venture capital and angel investors. Journal of Business Venturing Insights. 2022; 17: 100 – 115.
55. Uche C, Iwu J. Venture capital trends in Nigeria: Implications for startups and innovation. Journal of Business Venturing Insights’. 2024; 22: 100-115.
56. U.S. Agency for International Development (USAID). Nigeria: Enhancing Economic Growth through Entrepreneurship. USAID; 2022.
57. U.S. International Trade Administration (ITA). Nigeria: Country commercial guide for U.S. ITA; 2024.
58. Onuoha J. The role of incubators in supporting startups in Nigeria: Challenges and prospects. African Journal of Entrepreneurship. 2023; 12(2): 89-104.
59. Zahoor N, Khan Z, Meyer M, Laker B. International entrepreneurial behavior of internationalizing African SMEs – Towards a new research agenda. Journal of Business Research. 2023; 154.
60. Olatunji O. The impact of COVID-19 on entrepreneurship in Nigeria: Challenges and opportunities. Journal of Entrepreneurship in Emerging Economies. 2023; 15(1): 75-90.
61. Olaniyan A, Uche C. Assessing the impact of economic policies on entrepreneurial growth in Nigeria. International Journal of Entrepreneurship and Small Business. 2024; 42(1): 45-65.
62. Lin H, Lin J, Wang F. An innovative machine learning model for supply chain management. Journal of Innovation & Knowledge. 2022; 7(2022): 100276. doi: 10.1016/j.jik.2022.100276
63. IZA World of Labor. The role of entrepreneurship in economic development: A global perspective. IZA World of Labor Reports; 2023.
64. Ogunleye O. Challenges and opportunities for entrepreneurs in Nigeria: Insights from the Field. Journal of African Business. 2022; 23(3): 299-31 5.
65. Oduyoye J, Olaniyan A. The entrepreneurial ecosystem in Nigeria: An analysis. Journal of Entrepreneurship in Emerging Economies. 2020; 12(3): 245-260.
66. Ogunleye O, Akinpelu Y. Youth entrepreneurship in Nigeria: The role of education and training programs. Journal of Education and Work. 2024; 37(2): 134-150.
67. Ojo A. Entrepreneurship and innovation: A pathway to economic growth in Nigeria. Journal of Business Research. 2022; 145: 200-215.
68. Osei V, Agyemang G. Social entrepreneurship and its impact on community development in Nigeria. Journal of Social Entrepreneurship. 2023; 14(1): 45-61.
69. UNCTAD. Entrepreneurship for sustainable development: policy recommendations. United Nations Conference on Trade and Development; 2023.
Refbacks
- There are currently no refbacks.
Copyright (c) 2025 Author(s)
License URL: https://creativecommons.org/licenses/by/4.0/

This site is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).

Macau University of Science and Technology, Macau