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Top Academic Journal of Economics and Statistics
Vol. 7 No. 1 (2022): January-February
Original Articles

NIGERIA'S ENTERTAINMENT RENAISSANCE: THE IMPACT OF ICT-DRIVEN DIVERSIFICATION

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  • Dr. Abigail Ngozi Okonkwo ,
  • Prof. Ibrahim Yusuf Bala
Dr. Abigail Ngozi Okonkwo
Department of Economics and Development Studies at Federal University Dutsinma, Katsina State, Nigeria.
Prof. Ibrahim Yusuf Bala
Conducts research at the Department of Economics and Development Studies, Federal University Dutsinma, Nigeria

Published 2023-09-13

Keywords

  • Information and Communications Technology (ICT),
  • economic growth,
  • digital disparities,
  • technological change,
  • institutions

How to Cite

Okonkwo , D. A. N., & Ibrahim , Y. B. (2023). NIGERIA’S ENTERTAINMENT RENAISSANCE: THE IMPACT OF ICT-DRIVEN DIVERSIFICATION . Top Academic Journal of Economics and Statistics, 7(1), 15–32. Retrieved from http://topjournals.org/index.php/TAJES/article/view/323

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Abstract

In the realm of development literature, there is a growing consensus regarding the pivotal role of Information and Communications Technology (ICT) in fostering economic growth and enhancing living standards. Recent developments in technology have created a myriad of opportunities for growth and development. Nevertheless, concerns have emerged regarding the digital disparities between developing and advanced economies, particularly in terms of ICT infrastructure and internet accessibility This study delves into the relationship between ICT and economic growth, recognizing that ICT can diminish frictions and bolster productivity, both within and beyond the ICT sector (Kraemer & Dedrick, 2001). While conventional economic thought centered on labor and capital accumulation as the primary drivers of production expansion, recent shifts emphasize the significance of factors such as technological change and institutions in fueling growth. This shift in emphasis aligns with the pioneering work of scholars like Romer (1990), Grossman and Helpman (1991), and Aghion and Howitt (1992), who spotlight the role of institutions and technological innovation in economic development 

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