An examination of determinants of economic growth in Nigeria’s emerging sectors: Evidence from the tech industry in Abuja (2010–2020)
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Background of the Study :
Emerging sectors, particularly the tech industry, are increasingly recognized as engines of economic growth in developing economies. In Abuja, the tech sector has grown rapidly between 2010 and 2020, driven by digital innovation, startup ecosystems, and supportive government policies. Determinants such as access to venture capital, technological infrastructure, regulatory frameworks, and human capital are central to the industry’s growth (Okonkwo, 2023). Empirical studies have shown that when these factors are favorable, emerging sectors can diversify the economy and create high-value jobs (Adeniyi, 2024). However, challenges such as inadequate infrastructure, regulatory uncertainties, and skill gaps may hinder sustainable growth in the tech industry (Chukwu, 2025). This study investigates the key determinants driving economic growth in Abuja’s tech sector by analyzing investment patterns, innovation outputs, and policy impacts. The research aims to provide a comprehensive understanding of how these factors interact to shape growth trajectories in emerging sectors.
Statement of the Problem
Despite rapid technological advancements, the tech industry in Abuja faces constraints that limit its growth potential. Regulatory bottlenecks, infrastructural deficiencies, and a shortage of skilled labor have created gaps between potential and actual performance. These challenges inhibit the sector’s capacity to contribute fully to economic diversification and high-value job creation. This study seeks to identify the primary determinants of growth in the tech industry and to assess the barriers that prevent the sector from achieving its full economic impact. Addressing these issues is essential for developing targeted policy interventions that can foster sustainable growth in Nigeria’s emerging sectors (Okonkwo, 2023; Adeniyi, 2024).
Objectives of the Study:
1. To identify key determinants driving growth in Abuja’s tech industry.
2. To evaluate the impact of infrastructural, regulatory, and human capital factors.
3. To recommend policy measures to support sustainable sector growth.
Research Questions:
1. What determinants most significantly affect growth in Abuja’s tech industry?
2. How do regulatory and infrastructural factors influence sector performance?
3. What strategies can enhance economic growth in emerging sectors?
Research Hypotheses:
1. H1: Robust technological infrastructure positively influences growth.
2. H2: Regulatory clarity boosts investment in the tech sector.
3. H3: Enhanced human capital development increases innovation output.
Significance of the Study (100 words):
This study provides crucial insights into the determinants of economic growth in Nigeria’s tech industry. Its findings will support policymakers and industry stakeholders in formulating strategies that remove growth barriers, stimulate innovation, and attract investment, thereby contributing to sustainable economic diversification in Abuja (Chukwu, 2025).
Scope and Limitations of the Study:
The study is limited to the tech industry in Abuja from 2010–2020, using investment and innovation indicators. Limitations include rapidly evolving technologies and data accessibility.
Definitions of Terms:
1. Economic Growth: An increase in the production and consumption of goods and services.
2. Emerging Sectors: Newly developing industries with high growth potential.
3. Tech Industry: The sector encompassing information technology and digital innovation.
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