An assessment of regulatory changes’ impact on boosting innovation in Nigeria: Evidence from the technology sector in Abuja (2010–2020).
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Background of the study
Regulatory changes can have a profound impact on innovation by creating an enabling environment for technological advancements. In Abuja, reforms introduced from 2010 to 2020 have focused on modernizing regulatory frameworks to support the burgeoning technology sector. Such changes include streamlining business registration, offering tax incentives for research and development, and reducing bureaucratic hurdles for tech startups (Ibrahim, 2023). These measures are designed to foster a culture of innovation and entrepreneurship, encouraging the development of new products and services. Empirical evidence suggests that regulatory reforms, when well-implemented, lead to increased investment in innovation and faster technology adoption (Oluwaseun, 2023). However, challenges such as regulatory uncertainty, enforcement inconsistencies, and resistance from established interests have limited the full potential of these reforms (Chinwe, 2024). This study examines how recent regulatory changes have influenced innovation in Abuja’s technology sector, identifying key drivers and obstacles, and offering recommendations for further reform.
Statement of the problem
Despite regulatory reforms aimed at boosting innovation, the technology sector in Abuja still faces challenges due to inconsistent enforcement and bureaucratic inertia (Ibrahim, 2023; Chinwe, 2024). These issues have resulted in slower-than-expected innovation uptake and limited growth in the tech industry. The study aims to identify the key barriers that hinder the positive impact of regulatory changes on innovation and propose measures to overcome these challenges.
Objectives of the study:
- To evaluate the impact of regulatory changes on technological innovation.
- To identify barriers to effective innovation in the tech sector.
- To recommend policy measures that further stimulate innovation.
Research questions:
- How do regulatory changes affect innovation in Abuja’s technology sector?
- What are the main challenges impeding innovation?
- What reforms can enhance the positive impact of regulatory policies?
Research Hypotheses:
- Regulatory changes positively influence technological innovation.
- Enforcement inconsistencies hinder innovation growth.
- Streamlined regulatory frameworks enhance innovation outcomes.
Significance of the study
This study is significant as it assesses the impact of regulatory changes on boosting innovation in Abuja’s technology sector. The insights will help policymakers refine regulatory frameworks to better support tech entrepreneurship and drive economic growth through enhanced innovation (Ibrahim, 2025).
Scope and limitations of the study:
This study is limited to evaluating regulatory changes and their impact on innovation in Abuja’s technology sector, focusing on policy and enforcement issues.
Definitions of terms:
- Regulatory Changes: Revisions in laws and policies aimed at improving business conditions.
- Innovation: The development of new products, processes, or technologies.
- Technology Sector: Industries involved in information technology and digital solutions.
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