Technological Innovation: An Imperative Tool for Entrepreneurship Development in Nigeria
â–ºOYEWALE I.O, ADEYEMO S.A and OGUNLEYE P.O
10.52283/NSWRCA.AJBMR.20130308A05
ABSTRACT
Sustainable economic development does not occur without entrepreneurship and entrepreneurship is the practice of starting new organizations or revitalizing mature organizations. This study therefore is done to analyse the impact of innovation, technology and on the entrepreneurial development activities in Nigeria. Simple random sampling technique was used to select a total of 12 entrepreneurs from Lagos State that constituted our sample size. The primary data consists of a number of items in well- structured questionnaire that was administered to and completed by the respondents. Regression analysis was used to analyse the data. The results showed that there is significant relationship between technological innovation and entrepreneurship development in Nigeria. It is therefore recommended that government should create a friendly or an enabling environment for entrepreneurship and consumer goods to boost the Nigeria economy.
Keywords: Entrepreneurship, Innovation, Technological Change and Nigeria