This study examines the impact of Information and Communication Technology (ICT) on unemployment and economic growth in Nigeria from 1985 to 2018. It investigates how ICT has influenced job creation, economic development, and structural transformation in both private and public sectors. The study utilizes secondary data sourced from the Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS), and other relevant institutions. The Ordinary Least Squares (OLS) regression method is employed to assess the relationship between ICT investment and economic variables such as unemployment rate, inflation, government expenditure, and GDP growth.
Has information communication technology innovation impacted on the teeming unemployed youths in Nigeria between 1985 and 2018? What are the significant contributions of ICT on both private and public investments on Nigeria’s economic growth? Are there some policies already put in place by the Nigerian to ensure full realization of the benefits of information communication technology innovation?
The contributions of the study of economic impact of ICT usage on employment generation in our country between 1985 and 2018 cannot be overemphasized. This study is expected to be useful to individuals, institutions and government at all levels because its findings and suggestions will be of immense benefit to those who will make use of this work. Again, entrepreneurs are also expected find the study interesting as it will beam light to capitalist on where and how to channel their funds and on the importance of information technology innovation in Nigeria.
Furthermore, the government will also find the study useful as it will enable the government to know why she should channel more funds on information technology (ICT) and will also enable her to provide an enabling environment for potential entrepreneurs in the country. Lastly, the study is expected to be useful for academic purposes as it would serve as a data bank for students and public who might carry out studies on the subject or related areas in the future.
The author of this text is not a native English speaker. Please excuse any grammatical errors and other inconsistencies.
Table of Contents
CHAPTER ONE INTRODUCTION
CHAPTER TWO LITERATURE REVIEW
CHAPTER THREE RESEARCH METHODOLOGY
CHAPTER FOUR DATA PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS
CHAPTER FIVE SUMMARY, CONCLUSION AND RECOMMENDATION
Objectives & Core Topics
This research aims to empirically evaluate the economic impact of information and communication technology (ICT) usage on employment generation in Nigeria between 1985 and 2018, exploring how ICT innovations influence labour markets and domestic economic growth.
- The role of ICT in job creation and employment opportunities.
- Economic growth contributions from public and private ICT investments.
- Evaluation of Nigerian policies regarding ICT integration and innovation.
- The relationship between ICT-driven industrial shifts and unemployment rates.
Excerpt from the Book
1.1 Background of the Study
According to Kehinde TK, Agwu (2015), information is a prearranged, expressive and suitable explanation of statistics whose foundation tries to offer us with the elementary tools for the creation of knowledge. According to them, using ICT abilities successfully and ingeniously can be significant to your goal attainment, whether you are concentrating on a proficient, healthcare, commercial, industrial, or service profession.
According to National Bureau of Statistics (NBS), (2012) the oil explosion of the 1970s added meaningfully to the progression of the Nigerian economy in the 1970s but the growth was not continuous as a result of unguided disbursements or expenditure on unnecessary infrastructure. Consequently, the Structural Adjustment Programme (SAP) was introduced in 1986 and other current economic transformations.
According to Ndukwe, (2014), Structural Adjustment Programme (SAP) and other economic structural modifications were carried out to revive the Nigerian economy and support its increasing populace. Nevertheless, these economic transformations have not produced the desired impact because of numerous socio-economic problems threatening the nation.
Summary of Chapters
CHAPTER ONE INTRODUCTION: Presents the background of ICT development in Nigeria, states the research problem regarding unemployment, and outlines the objectives and hypotheses of the study.
CHAPTER TWO LITERATURE REVIEW: Discusses the conceptual and theoretical frameworks of ICT and unemployment, while providing an empirical review of previous studies in the field.
CHAPTER THREE RESEARCH METHODOLOGY: Details the research design, specifically the quantitative approach using secondary data, and explains the ordinary least square (OLS) method and econometric tools applied.
CHAPTER FOUR DATA PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS: Provides the empirical analysis, presenting stationarity tests, regression results, and a discussion of how ICT variables impact the Nigerian economy.
CHAPTER FIVE SUMMARY, CONCLUSION AND RECOMMENDATION: Summarizes the findings of the study, rejects or accepts the null hypotheses, concludes on the impacts of ICT, and provides policy recommendations.
Keywords
ICT, Information and Communication Technology, Unemployment, Nigeria, Economic Growth, Employment Generation, Labour Force, Inflation, Gross Domestic Product, Investment, Telecommunications, Structural Adjustment Programme, Econometric Analysis, Digital Transformation, Empowerment.
Frequently Asked Questions
What is the core focus of this research?
The research fundamentally examines the economic impact of information and communication technology on employment generation specifically within Nigeria over the period from 1985 to 2018.
What are the primary thematic areas covered?
The study covers the conceptual framework of ICT, theoretical perspectives on unemployment, the role of public and private investment in technology, and empirical analysis of economic growth indicators.
What is the main research objective?
The primary goal is to assess the relationship between ICT innovation and the reduction of youth unemployment, while evaluating the effectiveness of governmental policies in this sector.
Which scientific methods are utilized?
The study employs a quantitative research design utilizing secondary data, ordinary least square (OLS) regression analysis, and various diagnostic tests like the Augmented Dickey-Fuller test.
What topics are discussed in the main body?
The main body covers the literature review on technology and unemployment, the research methodology, detailed data presentation and analysis, and final conclusions derived from the empirical data.
Which keywords characterize this work?
Key terms include ICT, Unemployment, Nigeria, Economic Growth, Labour Force, and Telecommunications development.
How have technology modernizations affected employment in Nigeria?
The study indicates that while ICT is vital for development, it has also led to job losses in traditional sectors like banking, as human roles were substituted by automated technological systems.
Does the study find governmental policies effective?
Yes, the study concludes that Nigeria has implemented various developmental plans over the years, leading to the rejection of the hypothesis that no policies were in place for ICT realization.
- Arbeit zitieren
- Anonym,, 2019, The Impact of Information and Communication Technology (ICT) on Unemployment and Economic Growth in Nigeria from 1985 to 2018, München, GRIN Verlag, https://www.grin.com/document/1563998
