An assessment of digital transformation’s economic impact on traditional industries in Nigeria: Evidence from Lagos State (2010–2020)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study :
Digital transformation has reshaped global economies by integrating information technology into traditional business operations, thereby increasing efficiency, reducing costs, and creating new revenue streams. In Lagos State, traditional industries—such as manufacturing, retail, and agriculture—have been compelled to adapt to digital innovations to remain competitive. Between 2010 and 2020, government initiatives and private sector investments have accelerated the adoption of digital tools, including e-commerce platforms, automation, and data analytics (Okonkwo, 2023). These changes have led to improvements in supply chain management and customer engagement while creating opportunities for new business models. However, traditional sectors face challenges in terms of digital literacy, infrastructural gaps, and resistance to change, which may limit the transformative benefits (Adeniyi, 2024). This study examines the economic impact of digital transformation on traditional industries in Lagos State by analyzing productivity metrics, revenue growth, and innovation indices. It aims to provide insights into how digital tools can be harnessed to drive competitiveness and sustainable development in conventional sectors (Chukwu, 2025).
Statement of the Problem
Although digital transformation has the potential to revitalize traditional industries, many sectors in Lagos State struggle to adapt fully to technological advancements. Challenges such as low digital literacy, inadequate infrastructure, and cultural resistance have slowed the pace of digital integration. Consequently, the anticipated productivity gains and economic benefits have not been uniformly realized. This study seeks to investigate the factors impeding digital transformation in traditional industries and assess their overall economic impact. Addressing these issues is essential for developing strategies that facilitate a smoother digital transition and enhance economic performance (Okonkwo, 2023; Adeniyi, 2024).
Objectives of the Study:
1. To evaluate the economic impact of digital transformation on traditional industries in Lagos State.
2. To identify barriers to digital integration in these sectors.
3. To propose strategies for overcoming digital challenges and boosting economic performance.
Research Questions:
1. How does digital transformation affect traditional industries in Lagos State?
2. What are the main barriers to digital integration?
3. What measures can enhance the economic benefits of digital transformation?
Research Hypotheses:
1. H1: Digital transformation positively impacts economic performance in traditional industries.
2. H2: Infrastructural deficits hinder digital adoption.
3. H3: Targeted digital training programs improve industry performance.
Significance of the Study (100 words):
This study assesses the economic impact of digital transformation on traditional industries in Lagos State. Its findings will guide policymakers and industry leaders in developing strategies to overcome digital barriers and enhance competitiveness, ensuring that traditional sectors can effectively leverage technological innovations for sustainable growth (Chukwu, 2025).
Scope and Limitations of the Study:
The study is limited to evaluating digital transformation’s economic impact on traditional industries in Lagos State, focusing on productivity and revenue metrics.
Definitions of Terms:
1. Digital Transformation: The integration of digital technology into business operations.
2. Traditional Industries: Established sectors such as manufacturing, retail, and agriculture.
3. Lagos State: A major economic hub in Nigeria.
Related Project Materials
THE ROLE OF PUBLIC ACCOUNTS IN THE FORMATION, ACQUISITION AND LIQUIDATION OF A COMPANY
Abstract
This study was carried out on the role of public accounts in the formation, acquisition and liquidation of a co...
The effect of international public diplomacy on shaping global narratives: An evaluation of cultural exchange programs
Background of the Study
International public diplomacy has emerged as a vital tool in shaping global narratives and enhanci...
The effect of library-based entrepreneurship training on business sustainability in Lafia Local Government Area, Nasarawa State
Background of the study
Library-based entrepreneurship training has emerged as a novel strategy for enhancing business sust...
AN ASSESSMENT OF THE AVAILABILITY AND UTILIZATION OF REFERENCE MATERIALS IN SCHOOL LIBRARIES IN JEGA LOCAL GOVERNMENT AREA, KEBBI STATE
Background of the Study:
Reference materials are essential tools that provide students with authoritative and up-to-date in...
The Effect of Government Expenditure on Stock Market Liquidity in Nigeria
Background of the Study
Government expenditure is a critical component of fiscal policy that directly affects the macroecon...
An Evaluation of the Effectiveness of Skills Laboratories in Enhancing Clinical Training in Lagos State University Teaching Hospital
Background of the Study
Skills laboratories play a critical role in nursing education by providing students with the opportunity to pract...
An Investigation of the Use of Neuromarketing Techniques in Brand Positioning: A Study of Nestlé Nigeria in Borno State
Background of the Study
Neuromarketing, the application of neuroscience and psychological principles to marketing strate...
HOUSING CONDITIONS AND OCCUPANCY RATIO IN OKPOKO URBAN AND REGIONAL PLANNING
ABSTRACT
The study was carried out on housing conditions and occupancy ratio in Okpoko urban and regional planning. The...
A Study on the Effect of Fiscal Policy Reforms on Income Growth in Nigeria
Background of the Study
Fiscal policy reforms are designed to reshape the economic environment by modifying taxation, publi...
Enhancing Computational Biology-Based Drug Repurposing Approaches for Tuberculosis Treatment: A Case Study of Federal University, Lokoja, Kogi State
Background of the Study
Tuberculosis (TB) remains one of the most prevalent and deadly infectious diseases worldwide, with...
