Institutionalizing information communication technology competences among Nigerian entrepreneurs in a global economy

Abstract

The study examined the institutionalization of ICT competences among entrepreneurship in Nigeria. Specifically, to determine the relationship between ICT and globalization as well as ascertain the effect of ICT on entrepreneurial business performance. The data for this study is a yearly range from 2001 - 2022. The study used time series data obtained from world development indicator (WDI) using both Augmented Dicky-Fuller (ADF) and Johansen Cointegration analysis to check for stationary of the variable of the time series data. From the stationarity result, all variables were found to be stationary at level. Johansen Co-integration test was also employed whereby existence of long run relationship among variables was established. Ordinary least square method was used to estimate the parameters of the model. The regression result revealed that ICTge, ICTgi and ICTse has positive significant impact on the economic growth (GDP) in Nigeria over the period of study in both short run and long run, though our main focus is in the constant term. Government should put systems in place to create an environment that encourages entrepreneurial education and practices to flourish in all educational institutions and ICT is a tool to teach entrepreneurship skills.