Omotosho D. Tade, Joseph A. Oluyemi, Atolagbe E. Olugbenga


In today’s extremely competitive world where most of the world economic achievements depend largely on the capacity to be innovative, Nigeria is only striving to achieve a better innovation result. But, despite being one of the poorest countries in the world, Nigeria still remains a driving force on the African continent by virtue of its economy and population size. This study assessed Nigeria’s innovation potential, taking into account the knowledge of innovation, business environment, approach to solving problem and government support for innovation. The cross-sectional study was conducted via LinkedIn, Facebook, and whatsApp platforms using structured open and closed ended questionnaires. A total of 505 participants recruited through a two-staged sampling method which included purposive and snowball sampling methods. Data retrieved from the field was analyzed using Principal component analysis, heat map and the Statistical Package for Social Sciences (SPSS version 19) . All data were presented in tables containing frequencies and simple percentages. Results from the study showed that, (67.5%) of the participants have previously learned something about innovation in school while only (15.6%) were of the opinion that the educational system in Nigeria encourages innovation. Also, (19.6%) were of the opinion that the Nigerian business environment encourages innovation (62.1%) of the participants claimed they were encouraged to be innovative while growing. In addition to this, while (42.9%) have innovated something before, only (3.5%) of the participants claimed to have ever received any support or incentive for been innovative. In all, (52.9%) of the participants in the study claimed to employ education and knowledge approach to problem solving anytime they are confronted with problems. With the aforementioned, the study therefore concluded that the growth and potential of innovation in Nigeria is slow, hence, in other to have a better innovation performance, a swift improvement in the national innovation system has to be implemented. This will also include access to better infrastructure, education, information, science & technology as well as policies that will create a wholistic environment suitable for innovation.


Innovation, Incentives, Education, Infrastructure, Technology, Insecurity, Corruption, Nigeria.

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