An investigation of government policy and economic innovation in Nigeria: Evidence from Lagos State (2010–2020).
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Background of the Study:
Government policy plays a pivotal role in fostering economic innovation by creating an enabling environment for research, development, and entrepreneurship. In Lagos State, policy initiatives implemented between 2010 and 2020 have sought to transform the economy through digital innovation, improved regulatory frameworks, and support for start–ups (Femi, 2023). These policies have focused on enhancing the innovation ecosystem by providing funding, technical support, and infrastructural facilities aimed at stimulating technological advancements and economic diversification. As Lagos continues to position itself as a hub for innovation in Africa, policies have targeted the reduction of bureaucratic hurdles, promotion of public–private partnerships, and improvement of educational curricula in technology and entrepreneurship (Babatunde, 2024). Nevertheless, challenges such as policy inconsistency, inadequate funding, and limited coordination among stakeholders have constrained the full realization of these innovative potentials (Segun, 2025). This study examines the impact of government policies on economic innovation in Lagos State, analyzing the successes and shortcomings of these initiatives while exploring their influence on the overall economic landscape and competitiveness in the digital era.
Statement of the Problem:
Despite ambitious government initiatives to foster economic innovation in Lagos State, challenges persist that limit the translation of policy into tangible outcomes. Inconsistencies in policy implementation, insufficient funding for research and development, and coordination issues among stakeholders have inhibited the sector’s growth (Femi, 2023). These shortcomings have resulted in a slower pace of innovation and a less competitive business environment. The study aims to identify the key barriers to effective policy-driven innovation and assess their impact on the economic transformation of Lagos State, thereby offering recommendations for enhanced policy performance (Segun, 2025).
Objectives of the Study:
• To evaluate the impact of government policies on fostering economic innovation in Lagos State.
• To identify the challenges hindering effective policy implementation in the innovation sector.
• To propose recommendations for improving the policy framework to enhance economic innovation.
Research Questions:
• How do government policies affect economic innovation in Lagos State?
• What are the main challenges in policy implementation that hinder innovation?
• Which measures can be taken to improve the innovation ecosystem through better policy coordination?
Research Hypotheses:
• H1: Government policies have a positive impact on economic innovation in Lagos State.
• H2: Inconsistent policy implementation significantly limits innovation.
• H3: Strengthened public–private partnerships can enhance the innovation ecosystem.
Significance of the Study:
This study provides an in–depth analysis of how government policy influences economic innovation in Lagos State. Its findings are crucial for policymakers and industry stakeholders seeking to create a more dynamic and competitive innovation environment, ultimately driving sustainable economic growth (Femi, 2023; Babatunde, 2024).
Scope and Limitations of the Study:
This study is limited to examining government policies and their impact on economic innovation in Lagos State, focusing solely on policy measures and innovation outcomes.
Definitions of Terms:
• Economic Innovation: The development and implementation of new ideas, technologies, or processes that drive economic growth.
• Public–Private Partnerships: Collaborative arrangements between government entities and private-sector companies aimed at achieving common economic goals.
• Innovation Ecosystem: A network of institutions, policies, and practices that support the creation and growth of innovative activities.
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