An evaluation of public expenditure’s role in promoting innovation in Nigeria’s manufacturing sector: A case study of Lagos State (2010–2020).
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Background of the study:
Public expenditure, when effectively allocated, can serve as a catalyst for innovation in the manufacturing sector. In Lagos State, investments in research and development, infrastructure, and technology parks from 2010 to 2020 have aimed to stimulate innovation and enhance the competitiveness of the manufacturing industry. Increased public spending on innovation-related projects supports technological advancements, encourages collaboration between public research institutions and private firms, and reduces the risk associated with innovation. Empirical evidence indicates that robust public expenditure can boost industrial productivity and foster a dynamic environment for creativity and competitiveness (Ibrahim, 2023). However, challenges such as misallocation of funds, bureaucratic inefficiencies, and lack of proper monitoring can impede the expected benefits (Chinwe, 2024; Adeyemi, 2025). This study examines how public expenditure has influenced innovation in the manufacturing sector of Lagos State, evaluating both successes and areas needing improvement to better support sustainable industrial growth.
Statement of the problem:
Despite significant public expenditure aimed at promoting innovation, the manufacturing sector in Lagos State has not fully capitalized on these investments. Inadequate fund management, bureaucratic delays, and misaligned priorities have limited the positive impact on innovation outcomes (Ibrahim, 2023; Chinwe, 2024). This study seeks to identify the key shortcomings in public expenditure allocation and propose solutions to maximize innovation benefits.
Objectives of the study:
- To assess the impact of public expenditure on innovation in manufacturing.
- To identify challenges in fund allocation and management.
- To recommend strategies for optimizing expenditure to boost innovation.
Research questions:
- How does public expenditure affect innovation in the manufacturing sector?
- What challenges limit the effectiveness of such expenditure?
- What measures can improve innovation outcomes?
Research Hypotheses:
- Public expenditure positively influences manufacturing innovation.
- Inefficient fund management hinders innovation progress.
- Improved allocation strategies enhance innovative capacity.
Significance of the study:
This study is significant as it evaluates the role of public expenditure in fostering innovation within Nigeria’s manufacturing sector. The findings will provide actionable insights for policymakers and industry stakeholders to optimize resource allocation and drive competitive, sustainable industrial growth (Adeyemi, 2025).
Scope and limitations of the study:
This study is limited to assessing public expenditure’s role in promoting innovation in Lagos State’s manufacturing sector, focusing on funding mechanisms and innovation outcomes.
Definitions of terms:
- Public Expenditure: Government spending on public projects and services.
- Innovation: The introduction of new products, processes, or technologies.
- Manufacturing Sector: Industries involved in the production of goods.
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