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‘Nigeria needs technopreneurship for rapid national development’



A Professor from the Nigerian Institute of Social and Economic Research (NISER), Ibadan, John Adeoti, has urged Nigerians to embrace technoprenuership, to meet up with the emerging realities of the 21st Century.

He asserted that there is huge decay in the nation’s education and health sectors, leveraging the actualisation of the new realities on the sectors to breed human capital needed for viable technopreneurship.

He explained: “Technopreneurs are at the centre of digital revolution, and Nigeria should boldly and massively invest in IT infrastructure to improve Internet broadband access, provide state-of-the-art facilities for training her youths in IT skills.”´


Adeoti, who is from the NISER’s Department of Economic Policy Research, said this while delivering the 31st convocation lecture of Federal University of Technology Akure (FUTA), titled: “Technopreneurship and National Development.” He described technopreneurship as a relatively new business word coined from technology and entrepreneurship, saying it is as technology-based entrepreneurship.

He decried that Nigeria’s economy is at great risk considering the population projection by year 2050, adding that there is dire need for the emergence of technopreneurship and technopreneurs to catalyse the nation’s development in all facets. His words, “The role of technopreneurship in national development and economic competitiveness has been established. Modern competitive economies are knowledge-based and innovation driven.

“Technopreneurship can therefore be a platform for policy makers to forge a Nigerian economy that is knowledge based and innovation driven. In the course of problem solving, new businesses are created and exiting ones are made stronger and competitive.”

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John AdeotiNISER
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