An investigation of the relationship between economic policy and technological innovation in Nigeria: A case study of Abuja (2010–2020).
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study:
The nexus between economic policy and technological innovation is increasingly recognized as a driving force behind modern economic development. In Abuja, targeted economic policies introduced between 2010 and 2020 have sought to create a conducive environment for innovation by incentivizing research and development, providing fiscal support, and establishing innovation hubs (Umar, 2023). Such policies have been designed to stimulate technological advancements across various sectors by reducing bureaucratic constraints and fostering collaborations between government, academia, and the private sector (Balogun, 2024). The resulting innovations have spurred improvements in productivity, enhanced service delivery, and contributed to the city’s reputation as a center for technological excellence. Despite these positive trends, challenges such as inconsistent policy implementation, inadequate funding for research, and limited access to cutting–edge technology have tempered the full potential of these initiatives (Okoye, 2025). This study explores how economic policies in Abuja have influenced technological innovation, examining the mechanisms through which policy interventions drive or hinder innovation.
Statement of the Problem:
Even though economic policies in Abuja are designed to promote technological innovation, significant gaps remain between policy objectives and actual innovation outputs. Inconsistent policy application, limited financial support for research, and infrastructural deficiencies have stifled the potential growth of an innovation–driven economy (Umar, 2023). These barriers have contributed to a slower pace of technological advancement than expected, undermining efforts to boost productivity and economic competitiveness. The study aims to identify these obstacles and assess the relationship between economic policy and technological innovation in Abuja (Balogun, 2024), with the goal of proposing actionable strategies to enhance innovation performance (Okoye, 2025).
Objectives of the Study:
• To investigate the influence of economic policies on technological innovation in Abuja.
• To identify the key obstacles affecting the innovation ecosystem.
• To propose strategies for enhancing the synergy between policy and technological advancement.
Research Questions:
• How do economic policies influence technological innovation in Abuja?
• What are the main obstacles hindering the innovation ecosystem?
• What policy measures can strengthen the link between economic policy and innovation?
Research Hypotheses:
• H1: Economic policies significantly affect technological innovation in Abuja.
• H2: Inconsistent policy implementation negatively impacts the innovation ecosystem.
• H3: Increased financial and infrastructural support can enhance technological innovation.
Significance of the Study:
This study provides an in–depth analysis of the relationship between economic policy and technological innovation in Abuja. Its findings will guide policymakers and industry stakeholders in developing strategies that foster an environment conducive to sustained technological advancement and economic growth (Umar, 2023; Balogun, 2024).
Scope and Limitations of the Study:
This study is limited to examining the relationship between economic policy and technological innovation in Abuja, focusing exclusively on policy impacts and innovation outcomes.
Definitions of Terms:
• Economic Policy: Government strategies aimed at regulating economic activities.
• Technological Innovation: The process of developing and implementing new technologies.
• Innovation Ecosystem: A network of institutions and policies that support technological development.
Related Project Materials
Investigation into the Role of AI in Automating University Admission Processing in Bayero University, Kano, Kano State
Background of the Study
University admission processes are critical for managing the influx of applications and ensuring a...
An Investigation of Public Health Surveillance Systems in Detecting Infectious Diseases in Adamawa State, Nigeria
Background of the Study
Effective public health surveillance systems are critical for the timely detection...
The Effect of Governmental Accounting on Fund Mismanagement in Dala LGA, Kano State
Background of the Study
Governmental accounting is essential in ensuring the proper allocation, utilization, and monitoring of public fun...
THE IMPACT OF EARLY CHILDHOOD EDUCATION ON CYBERBULLYING PREVENTION
ABSTRACT: This research examined the impact of early childhood education on cyberbullying prevention. Objectives were to evaluate cyberbullyin...
PHARMACOGNOSTIC AND ANTIMICROBIAL STUDIES OF THE STEM BARK OF FICUS THONNINGII BLUME (MORACEAE)
ABSTRACT
Ficus thonningii Blume is a popular medicinal plant used in Nigeria for the treatment of various ailments including diarrhoea, p...
A Review of the Effectiveness of Home-Based Nursing Care for the Elderly in Kano State
Background of the Study
Home-based nursing care for elderly individuals is increasingl...
SIGNIFICANCE OF EXTERNAL AUDITORS ON THE EXAMINATION OF FINANCIAL STATEMENT
ABSTRACT
This study was to assess the significance external auditor‟s in the examination of financial statement of first Bank of Nigeria...
An Evaluation of Nurses’ Attitudes Towards Patients with Mental Illness in the Federal Neuro-Psychiatric Hospital, Kaduna
Background of the Study: Nurses play a pivotal role in the care of individuals with mental illnesses, which often require speciali...
INFLUENCE OF SOCIAL MEDIA ON ACADEMIC PERFORMANCE OF STUDENTS
Abstract
The study concerned with the effect of Social Media on Academic Performance of Secondary School Students”. This study used...
Impact of Budgetary Participation on Motivation in Local Governments: A Case Study of Plateau State
Background of the Study
Budgetary participation involves the active involvement of emp...
