Nwaobi, Godwin (2024): Nigerian Firms and Digital Transformation:Incubations, Unipoding and Prospects.
PDF
MPRA_paper_121833.pdf Download (895kB) |
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 |
---|---|
Original Title: | Nigerian Firms and Digital Transformation:Incubations, Unipoding and Prospects |
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 |
Item ID: | 121833 |
Depositing User: | PROF GODWIN NWAOBI |
Date Deposited: | 31 Aug 2024 13:22 |
Last Modified: | 31 Aug 2024 13:22 |
References: | AFDB (2024) African Economic Outlook, Abidjan; African Development Bank (AFDB). African Union (2020) Draft Digital Transformation Strategy for African (2020 – 2030), Addis Ababa: Africa Union Commission. Alonso, C.A. et al. (2022) “Will the AI Revolution cause a great Divergence?” Journal of Monetary Economics, 127:18-37. Autor, D.H. et al. (2003) “The skill content of Recent Technological Change: An Empirical Exploration,” Quarterly Journal of Economics; 118(4); 1279-333. Banga, K. (2019) Digital Technologies and Value capture in global value chains: Empirical Evidence from Indian Manufacturing Firms United Nations University WIDER Working Paper, No 43 Bartel, A.C. et al. (2007) “How Does Information Technology Affect Productivity: Plant Level Comparisons of Product Innovation, Process Improvement and Worker Skills”, Quarterly Journal of Economics, 122(4): 721-758 Berghoit, D.F. et al (2022) “The Decline of the labor share: New Empirical Evidence, American Economic Journal of Macroeconomics, 14(3): 163-98. Bloom, N. et al (2015) “Trade Induced Technical Change: The impact of Chinese imports on innovation, IT and productivity”, Review of Economic studies, 83 (1): 87-117. Braxton, J. C and B. Taska (2023) “Technological Change and the consequences of jobless”, America Economic Review, 113(2): 279-316. Brynjolfsson, E. et al (2023) “Generative AI at Work” NBER working paper, 31161. Carriere-Swallow, Y and V. Haksar (2019 “The Economic and implications of Data: An integrated perspective”, IMF Departmental paper, 2019/013. Cazzaniga, M. et al (2024) Gen- AI Artificial Intelligence and the future of work, IMF staff Discussion Notes, SDN/2024/001. CBN (2020) Annual Reports and Statement of Accounts, Abuja: Central Bank of Nigeria (CBN). Dutton, W.H. (2023) The Fifth Estate: The Power Shift of the Digital Age, New York: Oxford University Press. Dutta, S and B. Lanvin (eds.) (2023) Network Readiness Index, Oxford: Portulans Institute. Dutton, W.H and A Shepherd (2006) “Trust in the internet as an experience technology”, Information, communication and society, 9(4):433-451. FGN (2014) National Board for Technology Incubation: Strategic Plan, Abuja: Federal Ministry of Science and Technology. FGN (2018) Economic Recovery and Growth Plan for Nigeria, Abuja Federal Government of Nigeria (FGN). FGN (2021A) National Policy on Micro, Small and Medium Enterprise, Abuja: Federal Government of Nigeria (FGN). FGN (2021B) National Development Plan, 2021 – 2025, Abuja: Federal Government of Nigeria (FGN). FGN (2021C) National Cyber Security Policy and Strategy, Abuja: Federal Government of Nigeria (FGN). FGN (2023A) PEBEC: Business Compliance Report: Abuja: Federal Government of Nigeria (FGN). FGN (2023B) National Blockchain Policy for Nigeria, Abuja: Federal Government of Nigeria (FGN). IFC (2020) “Artificial Intelligence in Emerging Markets: Opportunities, Trends and Emerging Business Models, Washington: World Bank / IFC. ITU (2020) Global Cyber Security Index 2020, Geneva: International Telecommunication Union (ITU). ITU (2024) Collaborative Regulation: Accelerating Nigeria’s Digital Transformation, Switzerland: International Telecommunication Union (ITU). Kansheba, J. (2020) “Small Businesses and Entrepreneurship in Africa: The nexus of entrepreneurial ecosystems and productive Entrepreneurship small enterprise research, 27 (2). Keiler, W. (2004) International Technology Diffusion, Journal of Economic Literature, 42 (3): 752-782. Kohli, R. and N.P. Melville (2019) “Digital Innovation: A Review and Synthesis, Information Systems Journal, 29 (1): 200-223. Moniepoint (2024) Informal Economy Report, Lagos: Moniepoint. NBS (2017) National Survey of Micro Small and Medium Enterprises, Abuja: National Bureau of Statistics (NBS). Nicoletti, G. et al. (2020) “Digital Technology Diffusion: A matter of capabilities, incentives or both” European Economic Review, 128. Nwaobi, G. C. (1999) “Information Technology in Africa: Structure and Diffusion”, 12th World Congress of International Economic Association, Buenos Aires, Argentina. Nwaobi, G. C. (2019) Emerging African Economies: Digital Structures, Disruptive Responses and Demographic Implications, http://ssrn.com/abstract = 346 2646. Nwaobi, G.C. (2024A) Gig Sector in the African Economy: frameworks, challenges and Prospects, MPRA Paper 120532, University Library of Munich, Germany. Nwaobi G.C. (2024B) Digital (Circular) Economies: Structures, Networks and Regulations, Aba: Hi-Class Press (Forth coming). OECD (2023) Employment outlook: Artificial Intelligence and Labor Market, Paris: Organization of Economic Cooperation and Development (OECD). Oxford Insights (2023) Government A1 readiness index, Malvern: Oxford insights. Pizzineli, C.A. et al (2022) “Labor Market Exposure to AI: Cross Country Differences and Distributional Implications”, IMF Working paper, 2023/216. UNCTAD (2018) The Least Developed Countries Report, New York: United Nations Conference on Trade and Development (UNCTAD). WEF (2019) Global Competitiveness Report, Geneva: World Economic Forum (WEF). WIPO (2022) World Intellectual Property Indicators, Geneva: World Intellectual Property Organization (WIPO). WIPO (2023) Global Innovation Index, Genera: World Intellectual Property Organization (WIPO). World Bank (2019) Nigeria Digital Economy Diagnostic Report, Washington: World Bank. World Bank (2020) Doing Business, Washington: World Bank. World Bank (2024) African Development Indicators, Washington: World Bank. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/121833 |