THE EFFECT OF INFORMATION TECHNOLOGY SYSTEM ON THE GROWTH OF SMES IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
This study was carried out to examine the effect of information technology system on the growth of SMEs in Nigeria using 40 selected SMEs in Ilorin, Kwara State as a case study. Specifically, the study was aimed at Evaluating the relationship that exist between information technology and the profitability of SMEs in Kwara state; examine the major constraints of information technology adoption by SMEs in Kwara state; and determine the effect of information technology system on the growth of SMEs in Kwara state. The study employed the survey descriptive research design. A total of 40 responses were validated from the survey. From the responses obtained and analysed, the findings revealed that there is a significant relationship between information technology system and the profitability of SMEs in Kwara state; SMEs in Kwara state are faced with constraints in the adoption of information technology system; and there is a significant relationship of information technology system on the growth of SMEs in Kwara state. The study therefore recommend sOwners of SMEs must take critical steps to support the adoption and use of ICT in their organizations by identifying the appropriate types of technology that meet organizations’ strategic objectives, identifying the cost and source of financing for ICT projects, hiring skilled ICT resources or train existing employees on using and supporting ICT projects, determining the appropriate leadership style for ICT adoption and organizational success and providing ongoing training and support for new ICT projects as business needs evolve. More so, Government need to put laws and regulations in place that support SMEs, provide tax incentives for ICT adoption by SMEs, offer financial incentives and loan guarantees to SMEs toward ICT adoption, support ICT training centers and take appropriate steps to promote and adopt ICT use within all government agencies. Most important, government leaders need to ensure leaders of SMEs have access to reliable infrastructure, including regular electricity, reliable telecommunication, good roads and other infrastructural facilities that would help reduce the cost of doing business, particularly in Nigeria.
Related Project Materials
An Appraisal of the Role of Social Entrepreneurship in Advancing Development in Nigeria
Background of the Study
Social entrepreneurship, as a hybrid model blending business acumen with social mission, has emerg...
The Effect of Self-Directed Learning on Students' Competency in Clinical Practice in Delta State College of Health Sciences
Background of the Study
Self-directed learning (SDL) has gained significant recognition as an essential educational stra...
ASSESSMENT OF STUDY HABITS AND THEIR IMPACT ON SENIOR SECONDARY SCHOOL STUDENTS' ACADEMIC PERFORMANCE
BACKGROUND OF STUDY
Scholars and educational authorities have long been interested in the relationship...
THE EFFECTS OF EARLY CHILDHOOD EDUCATION (ECE) ON THE DEVELOPMENT OF SELF-REGULATION SKILLS IN YOUNG CHILDREN
Abstract: This research examines the effects of early childhood education (ECE) on the development of self-r...
An Investigation of the Effect of Malnutrition on Childhood Immunity in Taraba State
Background of the Study
Malnutrition remains one of the leading causes of compromised childhood immun...
POSSIBLE EFFECTS OF ELECTROMAGNETIC FIELDS (EMF) ON HUMAN HEALTH
ABSTRACT
This work on ”Possible effects of Electromagnetic Fields (EMF), Radio Frequency Fields (RF) and Microwave...
KNOWLEDGE, ATTITUDE AND PRACTICE OF ENVIRONMENTAL SANITATION AMONG HOUSEHOLDS
Background to the Study
Environmental sanitation is becoming a major threat to the health of households due to poor main...
The Role of Advertising in Promoting Agricultural Innovations in Makurdi LGA, Benue State
Chapter One: Introduction
1.1 Background of the Study
Agriculture is a major economic activity in Makurdi Local Government Area...
An Evaluation of the Role of Biostatistics in Evaluating Cancer Incidence in Katsina State
Background of the Study
Biostatistics is an essential tool in the field of public health and epidemiology, providing the me...
The Role of Development Communication in Tackling Hepatitis B Awareness in Yola North Local Government Area, Adamawa State
Background of the Study
Hepatitis B remains a significant public health challenge in Nigeria, contributing to chronic li...
