Cover Image

The concept and application of ICT on SMEs performance in Nigeria: limitation and challenges / Temitope Teniola Onileowo and Ayodeji Ireti Fasiku

Small and Medium Enterprises (SMEs) play a vital role in growing and building developing nations' national economy. This study investigates a deep understanding of the influence of Information Communication Technology (ICT) on SMEs' performance in Nigeria. The study found out that most SME...

Full description

Saved in:
Bibliographic Details
Main Authors: Onileowo, Temitope Teniola, Fasiku, Ayodeji Ireti
Format: Article
Language:English
Published: 2021
Subjects:
Electronic data processing. Information technology. Knowledge economy. Including artificial intelligence and knowledge management
Online Access:https://ir.uitm.edu.my/id/eprint/87457/1/87457.pdf
https://ir.uitm.edu.my/id/eprint/87457/
https://e-ajuitmct.uitm.edu.my/v3/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uitm.ir.87457
record_format eprints
spelling my.uitm.ir.874572023-11-29T09:25:17Z https://ir.uitm.edu.my/id/eprint/87457/ The concept and application of ICT on SMEs performance in Nigeria: limitation and challenges / Temitope Teniola Onileowo and Ayodeji Ireti Fasiku eaj Onileowo, Temitope Teniola Fasiku, Ayodeji Ireti Electronic data processing. Information technology. Knowledge economy. Including artificial intelligence and knowledge management Small and Medium Enterprises (SMEs) play a vital role in growing and building developing nations' national economy. This study investigates a deep understanding of the influence of Information Communication Technology (ICT) on SMEs' performance in Nigeria. The study found out that most SME owners engage in local business practices in nature of the operation, and marketing strategies are limited within the country. Hence, this is a growing concern, the need to broaden the field of doing business through global integration with ICT aid, which would improve the country's economic growth at large. Based on the literature reviewed, this research work helps to identify the underlying causes, limited ICT readiness, its effectiveness and the need for ICT implementation into business processes, and the knowledge of its potential benefit. Therefore, this paper examines the role of ICT in small businesses' performance; this is estimated to enhance firm productivity and increase profitability, improving overall SMEs’ performance. The study recommends that provision be made for more ICT training facilities, and SMEs need to embrace information and communication technology in terms of resources, networks, and consumer skills. Entrepreneurs are to be enlightened and educated on how ICT can be used to boost operating efficiency. The government should create an enabling environment by offering ICT infrastructure that will promote its growth and implementation in SMEs. This study's data relied on secondary data and current research on SMEs worldwide, focusing on Nigeria. 2021 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/87457/1/87457.pdf The concept and application of ICT on SMEs performance in Nigeria: limitation and challenges / Temitope Teniola Onileowo and Ayodeji Ireti Fasiku. (2021) e-Academia Journal <https://ir.uitm.edu.my/view/publication/e-Academia_Journal/>, 10 (1). pp. 1-8. ISSN 2289 - 6589 https://e-ajuitmct.uitm.edu.my/v3/
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Electronic data processing. Information technology. Knowledge economy. Including artificial intelligence and knowledge management
spellingShingle Electronic data processing. Information technology. Knowledge economy. Including artificial intelligence and knowledge management
Onileowo, Temitope Teniola
Fasiku, Ayodeji Ireti
The concept and application of ICT on SMEs performance in Nigeria: limitation and challenges / Temitope Teniola Onileowo and Ayodeji Ireti Fasiku
description Small and Medium Enterprises (SMEs) play a vital role in growing and building developing nations' national economy. This study investigates a deep understanding of the influence of Information Communication Technology (ICT) on SMEs' performance in Nigeria. The study found out that most SME owners engage in local business practices in nature of the operation, and marketing strategies are limited within the country. Hence, this is a growing concern, the need to broaden the field of doing business through global integration with ICT aid, which would improve the country's economic growth at large. Based on the literature reviewed, this research work helps to identify the underlying causes, limited ICT readiness, its effectiveness and the need for ICT implementation into business processes, and the knowledge of its potential benefit. Therefore, this paper examines the role of ICT in small businesses' performance; this is estimated to enhance firm productivity and increase profitability, improving overall SMEs’ performance. The study recommends that provision be made for more ICT training facilities, and SMEs need to embrace information and communication technology in terms of resources, networks, and consumer skills. Entrepreneurs are to be enlightened and educated on how ICT can be used to boost operating efficiency. The government should create an enabling environment by offering ICT infrastructure that will promote its growth and implementation in SMEs. This study's data relied on secondary data and current research on SMEs worldwide, focusing on Nigeria.
format Article
author Onileowo, Temitope Teniola
Fasiku, Ayodeji Ireti
author_facet Onileowo, Temitope Teniola
Fasiku, Ayodeji Ireti
author_sort Onileowo, Temitope Teniola
title The concept and application of ICT on SMEs performance in Nigeria: limitation and challenges / Temitope Teniola Onileowo and Ayodeji Ireti Fasiku
title_short The concept and application of ICT on SMEs performance in Nigeria: limitation and challenges / Temitope Teniola Onileowo and Ayodeji Ireti Fasiku
title_full The concept and application of ICT on SMEs performance in Nigeria: limitation and challenges / Temitope Teniola Onileowo and Ayodeji Ireti Fasiku
title_fullStr The concept and application of ICT on SMEs performance in Nigeria: limitation and challenges / Temitope Teniola Onileowo and Ayodeji Ireti Fasiku
title_full_unstemmed The concept and application of ICT on SMEs performance in Nigeria: limitation and challenges / Temitope Teniola Onileowo and Ayodeji Ireti Fasiku
title_sort concept and application of ict on smes performance in nigeria: limitation and challenges / temitope teniola onileowo and ayodeji ireti fasiku
publishDate 2021
url https://ir.uitm.edu.my/id/eprint/87457/1/87457.pdf
https://ir.uitm.edu.my/id/eprint/87457/
https://e-ajuitmct.uitm.edu.my/v3/
_version_ 1783950442382753792
score 13.211869

Similar Items