Nigerian Firms and Digital Transformation:Incubations, Unipoding and Prospects

Godwin Nwaobi ()

MPRA Paper from University Library of Munich, Germany

Abstract: As Africa’s major oil exporter and factor driven stage country, Nigeria has made some progress in socioeconomic terms in recent years. However, large pockets of Nigeria’s population still live in poverty without adequate access to basic services. Currently, Nigeria is capturing just as small fraction of its potential for digital development as a viable policy response. While the country has the requisite development oriented strategies, policies and regulations in place; there is still gap in terms of implementation monitoring and evaluation. Therefore, accelerating digital transformation of Nigerian firms requires critical enablers to ensure that policy framework is kept up to date and has suitable long term anchors. In other word, while the capacity to innovate and strengthen regulatory frameworks for digital business in crucial in attracting digital investments; these frameworks will be less effective without strong digital infrastructure and digitally skilled labor force. Consequently, this paper argued that Nigerian government and development partners should continue to support all enterprise firms in their pursuit of digital transformation – led growth and development so that new discoveries can work for us all. Specifically, the adoption of UNI-POD and Technology Incubation Centers as dynamic institutions (of innovation and creativity) to facilitate digital transformation processes of all Nigerian enterprises is highly recommended.

Keywords: Digitization; Nigeria; Firms; Enterprise; Incubation; Unipod; Economy; Technology; Polices; Industries; Digital; Innovation; Creativity; Growth; Development; Artificial Intelligence; Strategy; Readiness; Networks; Competitiveness; Pillars; Infrastructures; Skills Platforms; Services; Financial; transformation; centres (search for similar items in EconPapers)
JEL-codes: D02 D04 D2 D20 E23 E24 J46 J51 L0 L2 L4 L50 L6 L80 M0 M1 Q0 Q1 Q2 Q3 Q4 Q5 (search for similar items in EconPapers)
Date: 2024-08-26
New Economics Papers: this item is included in nep-pay
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