DIVERSIFYING TECHNOLOGICAL INNOVATIONS FOR SUSTAINABLE DEVELOPMENT IN NIGERIA

Joshua S. Mamman, PhD, Ifeolu Adepeju Anike, Gabriel Obozuwa Asimegbe

Abstract


This research examined the influence of diversifying technological innovations for sustainable development in Nigeria. To enrich the researchers were able to review some of the literature on sustainable development, technological innovation and diversification. A survey research design was used for the study. The total population for the study comprises of Higher National Diploma (HND) final year students and Lecturers of School of Businessand Management Studies atFederal Polytechnic Offa, locatedin Kwara State, Nigeria. A sampleof 390 respondentswere chosenrandomly among the respondents. However the total number of students and lecturers that returned their questionnaire were 228. Making a total number of lectures 110 and students 118. The researchers develop three research questions and three purposes for the study. Research question one is made up on 10 questionnaire, research question two is made up of eight questionnaire likewise research question three. The study used descriptive statistics to analyze the questionnaires. The resultsfrom the findings shows that: low product cost influences sustainable development, growing industries and market affect sustainable developmentgrowing industries and market affect sustainable development and growing industries and market influences sustainable development. The researchers concluded by recommending among others that;the efforts of the Nigerian government and its various agencies towards technological innovation in the country are low and more efforts are required toward boosting technological advancement in the country.

Keywords: Diversifying, Technological Innovation, Sustainable Development, Nigeria.


Full Text:

PDF

References


Albert A. & Alex O. (2014) Achieving sustainable development in Africa: Progress, challenges and prospects: International Journal of Development and Sustainability ISSN: 2168-8662 www.isdsnet.com/ijds Volume (1). Pp. 162-176.

Bill F. (2016) Diversification and the Economy: The Role of Government in Enhancing the Industrial Base. Sources: https://www.elibrary.imf.org/display/book/9781513537863/ch009.xml

Brynjolfsson E. & Mcafee A. (2024) The Second Machine Age. Norton and Company Publisher, London.

Christopher C. I., Christian E. O., Charles C. O., & Ugochukwu C. O. (2015) Harnessing Science, Technology and Innovations (STI) for Sustainable Industrial and Economic Development: International Journal of Engineering and Management Research. Volume-5, Issue-5, October-2015. Pp. 379-388

Ejiroghene A. O., Daniel E. G. & Samuel O. (2022) Technology Policy and Sustainable Development in Nigeria. http://journals.rudn.ru/international?relations. Vol. 22 (2) Pp. 385396

Enobong A. (2024) Technology Use by Nigerian Smallholder Farmers and the Significant Mediating Factors. World Conference on Information Systems and Technologies. Pp 51-64

Felicia M. F. (2004) Technological Diversification, its Relation to Product Diversification and the Organisation of the Firm. Source: https://www.researchgate.net/publication/255572320_Technological_Diversification_its_Relation_to_Product_Diversification_and_the_Organisation_of_the_Firm

Hunt, V., Dennis L., & Sara P. (2015) Why diversity matters. Source: https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/why-diversity-matters

Jia R. (2024) Diversification As A Key Strategy For Resilience And Growth In Business. Source: https://www.forbes.com/sites/jiawertz/2024/03/15/diversification-as-a-key-strategy-for-resilience-and-growth-in-business/

Kaledio E, Oloyede J, & Olaoye F (2013) Advancements in Materials Science: Innovations, Applications, and Future Prospect. : https://www.researchgate.net/publication/376719963.

Klaus S. (2016) The Fourth Industrial Revolution: what it means, how to respond. https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-and-how-to-respond/

Labeat M. & Ludmilla Shkurti (2023) Diversifying Products and Services and Developing the Network of Suppliers and Customers: Exploring Their Impact on Business Success. file:///C:/Users/Admin/Downloads/LabeatMustafaShkurtiLudmilla_REF1.pdf.Review of Economics and Finance, 2023, 21, pp. 2550-2558

Mansir N. (2021) Nigeria to Improve Electricity Access and Services to Citizens. Sources: https://www.worldbank.org/en/news/press-release/2021/02/05/nigeria-to-improve-electricity-access-and-services-to-citizens

Stefano P. (2020) Consumers and Artificial Intelligence: An Experiential Perspective. Journal of American Marketing Association pp. 1-21

Sylvia A. H., Melinda M.,, and Laura S. (2013) How Diversity Can Drive Innovation. Source: https://hbr.org/2013/12/how-diversity-can-drive-innovation

United Nations Conference on Trade and Development (2017) The Role of Science, Technology and Innovation in Ensuring Food Security By 2030. United Nations. New York and Geneva. Source: https://unctad.org/system/files/official-document/dtlstict2017d5_en.pdf

United States Agency for International Development (2022) Private-Sector Engagement Policy. https://www.usaid.gov/sites/default/files/2022-05/usaid_psepolicy_final.pdf

Zeina H., Florence J., & Samuel P. (2023) How Green Innovation Can Stimulate Economies and Curb Emissions.https://www.imf.org/en/Blogs/Articles/2023/11/06/how-green-innovation-can-stimulate-economies-and-curb-emissions


Refbacks

  • There are currently no refbacks.