Nigerian Firms and Digital Transformation:Incubations, Unipoding and Prospects

Nwaobi, Godwin (2024): Nigerian Firms and Digital Transformation:Incubations, Unipoding and Prospects.

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.

• Item Type: MPRA Paper
• Language: English
• 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
• Subjects: D - Microeconomics > D0 - General > D02 - Institutions: Design, Formation, Operations, and Impact; D - Microeconomics > D0 - General > D04 - Microeconomic Policy: Formulation, Implementation, and Evaluation; D - Microeconomics > D2 - Production and Organizations; D - Microeconomics > D2 - Production and Organizations > D20 - General; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E23 - Production; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity; J - Labor and Demographic Economics > J4 - Particular Labor Markets > J46 - Informal Labor Markets; J - Labor and Demographic Economics > J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining > J51 - Trade Unions: Objectives, Structure, and Effects; L - Industrial Organization > L0 - General; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior; L - Industrial Organization > L4 - Antitrust Issues and Policies; L - Industrial Organization > L5 - Regulation and Industrial Policy > L50 - General; L - Industrial Organization > L6 - Industry Studies: Manufacturing; L - Industrial Organization > L8 - Industry Studies: Services > L80 - General; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M0 - General; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q0 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics

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