Submit your papersSubmit Now
For Enquiries: [email protected]
IIARD LogoIIARD

Accessing the Impact of SDG 8 (Decent Work and Economic Growth) On the Development of Entrepreneurial Ecosystems in Nigeria's Tech Sector

Olateju Idowu Adegboyega, PhD., Williams Adeola Adejoke

Abstract

This paper is on accessing the impact of SDG 8 on the Development of Entrepreneurial Ecosystems in Nigeria's Tech Sector. The population of the study are SME and business owners in Lagos State. The study made use of a survey research methodology while a cluster sampling technique was used as sampling techniques, and the sample size was determined using Slovin’s Formula with a sample size of 120 was used in this study. The research instrument adopted was a questionnaire. The Statistical Package for Social Sciences 23.0 was used for analyzing the data. The findings of this study showed that SDG 8 initiatives will strengthen innovation, collaboration, and overall growth within Nigeria’s tech entrepreneurial ecosystem, SDG 8 initiatives will lead to an increase in employment opportunities within tech-based enterprises in Nigeria and the implementation of SDG 8 will improve the quality of jobs. Also, some of the key challenges limiting the effective implementation of SDG 8 in fostering entrepreneurial development include inadequate access to finance, poor infrastructure and inconsistent government policies The study recommends that government and relevant authorities should endeavour to put in place adequate infrastructures required for development of entrepreneurial ecosystems.

Keywords

BusinessEntrepreneurshipEntrepreneurial SuccessSustainable DevelopmentTechnology

References

Adeosun & Shittu (2022). Necessity-driven entrepreneurship and economic development in Nigeria. Journal of Developmental Entrepreneurship, 26(1), 1-18. Adeoye, A. (2022). Entrepreneurship Development and Enterprise Growth in Nigeria. Lagos: [Publisher]. Adeyemo, O. O. (2023). Impact of entrepreneurship and international trade on poverty reduction and development in Nigeria. Global Journal of Arts, Humanities and Social Sciences, 11(4), 52–68. https://doi.org/10.37745/gjahss.2013/vol11n45268 Adeyinka, T., & Adenike, F. (2021). Entrepreneurship and Sustainable Economic Growth in Developing Nations. Journal of Business and Economic Development, 6(2), 45–58. https://doi.org/[DOI] Carlice, A., & Odiwo, T. (2024). Entrepreneurial development and job creation in Edo State. Nigerian Journal of Entrepreneurship Development, 8(1), 120–137 Ikeme, A., & Onu, P. (2017). Entrepreneurship as an investment pursuit. Journal of Business and Management Studies, 5(1), 43–52. Inegbehebor, S. (2017). Entrepreneurial capacity and business opportunity management. International Journal of Entrepreneurship Studies, 6(2), 89–102. Muhammed, A. A., Magaji, S., & Ismail, Y. (2025). Assessment of the Factors Affecting the Empowerment of Women Entrepreneurs in Nigeria. International Journal of Research and Innovation in Social Science . 9(4), 5507-5523, DOI: https://dx.doi.org/10.47772/IJRISS.2025.90400392 Musa, I., Magaji, S. & Adewale, A.T. (2023). Impact of Market Capitalisation on Gross Fixed Capital Formation in Nigeria: 1985-2020. International Journal of Indonesian Business Review 2 (1), 27- 43 Okon, L., Musa, I. & Magaji, S. (2025). Assessment of the Impact of Technology Integration on the Quality of Education in Colleges of Education in Nigeria. MSI Journal of Multidisciplinary Research, 2 (2), 32-44 DOI: 10.5281/zenodo.14892373 Olufunmilayo A. Akinlo (2020), Entrepreneurship and Economic Diversification in Nigeria. Journal of Economic Diversification, 10(2), 1-12, DOI: 10.33094/26410265.2021.31.1.25 Omobolanle, V. L. (2022). SDGs 8 and Nigeria’s economic development. https://www.financialnigeria.com/sdg-8-and-nigeria-s-economic- developmentsustainable-1586.html Onyebueke, V., & Ochonogo, J. (2016). Opportunity recognition and entrepreneurship in Nigeria. African Journal of Business Research, 7(1), 25–39. Romel Nemiño, V. G.P, Villamor F. G. & Apanto S. J. M. (2025). Entrepreneurial Characteristics and Entrepreneurial Intention: The Mediating Role of Entrepreneurial Mindset. International Journal of Innovative Research and Scientific Studies, 8(3), 2025, 791–797. Timmons, J. (2017). New venture creation: Entrepreneurship for the 21st century (10th ed.). New York, NY: McGraw-Hill.

More Articles from WORLD JOURNAL OF ENTREPRENEURIAL DEVELOPMENT STUDIES