Nigeria: Course for Innovation

Occupation: Senior Research Fellow, Institute for African Studies RAS
Affiliation: Institute for African Studies RAS
Address: Russian Federation, Moscow

Journal name

Asia and Africa Today

Edition

Issue 11

Pages

29-35

Abstract

Nigeria has large capacity for knowledge economy development based on new technology implementation getting possible as a result of close cooperation between scientific research and educational institutes, developers, entrepreneurs, venture investors in the form of public-private partnership. The paper researches the main directions of the government’s innovation policy and the progress reached in this field. Nowadays, there are several innovation programmes, aimed at Sustainable Development Goals achievement. The development of renewable energy, food and ecological security, water cleaning, combating desertification are among them. The accent is made on the necessity to create Nigerian own technologies and support young generation of developers. High level of investment in human capital and the formation of effective technological ecosystem are important strategy objectives for the nearest future. The article considers the expansion of contemporary options for business structures in Nigeria such as startups, technological hubs, clusters. This strategy is being realized due to fast digital technology growth. Nigeria is one of the leading IT-markets in Africa. Information-communication technologies (ICT) have become a strategic tool for democratic governance. They have considerable impact оn different sectors of the Nigerian economy. Liberalization of information market services has promoted its fast growth and accessibility for wide community. Digital technologies provide effective integration with the global economy. Still, there are a lot of challenges on the way to progressive digital economy development, including difficulties with projects financial provision, low quality of institutional environment, unsatisfactory infrastructure conditions, competent workforce shortage.

Keywords

Nigeria, Internet, innovations, digital economy, startups, clusters

Publication date

02.12.2019

Number of characters

28052

Cite

GOST	Kalinichenko L., Novikova Z. Nigeria: Course for Innovation // Asia and Africa Today – 2019. – Issue 11 C. 29-35 [Electronic resource]. URL: https://asaf-today.ru/S032150750007019-2-1 (circulation date: 03.07.2024). DOI: 10.31857/S032150750007019-2
MLA	Kalinichenko, Liudmila N, Novikova, Zinaida S "Nigeria: Course for Innovation." Asia and Africa Today 11 (2019):29-35. DOI: 10.31857/S032150750007019-2
APA	Kalinichenko L., Novikova Z. (2019). Nigeria: Course for Innovation. Asia and Africa Today (11), pp.29-35 DOI: 10.31857/S032150750007019-2

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