Employment Potentials, Innovation, and R & D Expenditure in Nigeria: Evidence from Indigenous Microenterprises

Faruq Umar Quadri

doi:doi:10.11648/j.ajmse.20230802.11

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Employment Potentials, Innovation, and R & D Expenditure in Nigeria: Evidence from Indigenous Microenterprises

Faruq Umar Quadri

Published in American Journal of Management Science and Engineering (Volume 8, Issue 2)

Received: 30 January 2023 Accepted: 21 February 2023 Published: 31 March 2023

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Abstract

This study examined employment potentials of indigenous micro-enterprises in Nigeria as an alternative approach to tackling the menace of unemployment in Nigeria. Nigeria is a country with a relatively young population, with a median age of 18 years, which is lower than the African and global averages of 20 and 31 years respectively. A youthful population suggests a strong labor force; with the labor force population of around 70 million in 2020. Providing enough productive jobs for this young demographic (aged 15-29 years) and rising labor force is a challenge; more than 30 million young Nigerians were reported to be unemployed in 2021. As a result of this rapidly growing labor force, job creation is frequently on the top burners of policymakers and governments' development agendas. The dataset employed in the study is a secondary survey data exclusively from the TETFUND Report (2020). In order to achieve our objectives, we employed ordered logit and ordered probit as well as descriptive statistics. We thus found that improved innovation capabilities of these firms were found to result in increase in their employment potentials. Also, increased investment in R&D leads to rise in employment generating potentials of these entities, and adoption of superior foreign technologies in their operations equally improves the chances of the firm to generate employment. As a result, we recommended that there is need for government to offer technical assistance to these enterprises through trainings and workshops to horn their skillsets and build innovation capabilities that result in improved employment potentials. They need to be motivated to commit a sizeable part of their lean resources into activities such as training and re-training of employees that enhance innovation capabilities and employment potentials of these entities.

Published in	American Journal of Management Science and Engineering (Volume 8, Issue 2)
DOI	10.11648/j.ajmse.20230802.11
Page(s)	35-49
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2023. Published by Science Publishing Group

Keywords

Microenterprises, Unemployment, Logit, Probit, Innovation Capabilities

References

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APA Style

Faruq Umar Quadri. (2023). Employment Potentials, Innovation, and R & D Expenditure in Nigeria: Evidence from Indigenous Microenterprises. American Journal of Management Science and Engineering, 8(2), 35-49. https://doi.org/10.11648/j.ajmse.20230802.11

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Faruq Umar Quadri. Employment Potentials, Innovation, and R & D Expenditure in Nigeria: Evidence from Indigenous Microenterprises. Am. J. Manag. Sci. Eng. 2023, 8(2), 35-49. doi: 10.11648/j.ajmse.20230802.11

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AMA Style

Faruq Umar Quadri. Employment Potentials, Innovation, and R & D Expenditure in Nigeria: Evidence from Indigenous Microenterprises. Am J Manag Sci Eng. 2023;8(2):35-49. doi: 10.11648/j.ajmse.20230802.11

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@article{10.11648/j.ajmse.20230802.11,
  author = {Faruq Umar Quadri},
  title = {Employment Potentials, Innovation, and R & D Expenditure in Nigeria: Evidence from Indigenous Microenterprises},
  journal = {American Journal of Management Science and Engineering},
  volume = {8},
  number = {2},
  pages = {35-49},
  doi = {10.11648/j.ajmse.20230802.11},
  url = {https://doi.org/10.11648/j.ajmse.20230802.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajmse.20230802.11},
  abstract = {This study examined employment potentials of indigenous micro-enterprises in Nigeria as an alternative approach to tackling the menace of unemployment in Nigeria. Nigeria is a country with a relatively young population, with a median age of 18 years, which is lower than the African and global averages of 20 and 31 years respectively. A youthful population suggests a strong labor force; with the labor force population of around 70 million in 2020. Providing enough productive jobs for this young demographic (aged 15-29 years) and rising labor force is a challenge; more than 30 million young Nigerians were reported to be unemployed in 2021. As a result of this rapidly growing labor force, job creation is frequently on the top burners of policymakers and governments' development agendas. The dataset employed in the study is a secondary survey data exclusively from the TETFUND Report (2020). In order to achieve our objectives, we employed ordered logit and ordered probit as well as descriptive statistics. We thus found that improved innovation capabilities of these firms were found to result in increase in their employment potentials. Also, increased investment in R&D leads to rise in employment generating potentials of these entities, and adoption of superior foreign technologies in their operations equally improves the chances of the firm to generate employment. As a result, we recommended that there is need for government to offer technical assistance to these enterprises through trainings and workshops to horn their skillsets and build innovation capabilities that result in improved employment potentials. They need to be motivated to commit a sizeable part of their lean resources into activities such as training and re-training of employees that enhance innovation capabilities and employment potentials of these entities.},
 year = {2023}
}

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TY  - JOUR
T1  - Employment Potentials, Innovation, and R & D Expenditure in Nigeria: Evidence from Indigenous Microenterprises
AU  - Faruq Umar Quadri
Y1  - 2023/03/31
PY  - 2023
N1  - https://doi.org/10.11648/j.ajmse.20230802.11
DO  - 10.11648/j.ajmse.20230802.11
T2  - American Journal of Management Science and Engineering
JF  - American Journal of Management Science and Engineering
JO  - American Journal of Management Science and Engineering
SP  - 35
EP  - 49
PB  - Science Publishing Group
SN  - 2575-1379
UR  - https://doi.org/10.11648/j.ajmse.20230802.11
AB  - This study examined employment potentials of indigenous micro-enterprises in Nigeria as an alternative approach to tackling the menace of unemployment in Nigeria. Nigeria is a country with a relatively young population, with a median age of 18 years, which is lower than the African and global averages of 20 and 31 years respectively. A youthful population suggests a strong labor force; with the labor force population of around 70 million in 2020. Providing enough productive jobs for this young demographic (aged 15-29 years) and rising labor force is a challenge; more than 30 million young Nigerians were reported to be unemployed in 2021. As a result of this rapidly growing labor force, job creation is frequently on the top burners of policymakers and governments' development agendas. The dataset employed in the study is a secondary survey data exclusively from the TETFUND Report (2020). In order to achieve our objectives, we employed ordered logit and ordered probit as well as descriptive statistics. We thus found that improved innovation capabilities of these firms were found to result in increase in their employment potentials. Also, increased investment in R&D leads to rise in employment generating potentials of these entities, and adoption of superior foreign technologies in their operations equally improves the chances of the firm to generate employment. As a result, we recommended that there is need for government to offer technical assistance to these enterprises through trainings and workshops to horn their skillsets and build innovation capabilities that result in improved employment potentials. They need to be motivated to commit a sizeable part of their lean resources into activities such as training and re-training of employees that enhance innovation capabilities and employment potentials of these entities.
VL  - 8
IS  - 2
ER  -

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Faruq Umar Quadri

Nigerian Institute of social and Economic Research (NISER), Ibadan, Nigeria

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Faruq Umar Quadri. (2023). Employment Potentials, Innovation, and R & D Expenditure in Nigeria: Evidence from Indigenous Microenterprises. American Journal of Management Science and Engineering, 8(2), 35-49. https://doi.org/10.11648/j.ajmse.20230802.11

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ACS Style

Faruq Umar Quadri. Employment Potentials, Innovation, and R & D Expenditure in Nigeria: Evidence from Indigenous Microenterprises. Am. J. Manag. Sci. Eng. 2023, 8(2), 35-49. doi: 10.11648/j.ajmse.20230802.11

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AMA Style

Faruq Umar Quadri. Employment Potentials, Innovation, and R & D Expenditure in Nigeria: Evidence from Indigenous Microenterprises. Am J Manag Sci Eng. 2023;8(2):35-49. doi: 10.11648/j.ajmse.20230802.11

Copy | Download

@article{10.11648/j.ajmse.20230802.11,
  author = {Faruq Umar Quadri},
  title = {Employment Potentials, Innovation, and R & D Expenditure in Nigeria: Evidence from Indigenous Microenterprises},
  journal = {American Journal of Management Science and Engineering},
  volume = {8},
  number = {2},
  pages = {35-49},
  doi = {10.11648/j.ajmse.20230802.11},
  url = {https://doi.org/10.11648/j.ajmse.20230802.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajmse.20230802.11},
  abstract = {This study examined employment potentials of indigenous micro-enterprises in Nigeria as an alternative approach to tackling the menace of unemployment in Nigeria. Nigeria is a country with a relatively young population, with a median age of 18 years, which is lower than the African and global averages of 20 and 31 years respectively. A youthful population suggests a strong labor force; with the labor force population of around 70 million in 2020. Providing enough productive jobs for this young demographic (aged 15-29 years) and rising labor force is a challenge; more than 30 million young Nigerians were reported to be unemployed in 2021. As a result of this rapidly growing labor force, job creation is frequently on the top burners of policymakers and governments' development agendas. The dataset employed in the study is a secondary survey data exclusively from the TETFUND Report (2020). In order to achieve our objectives, we employed ordered logit and ordered probit as well as descriptive statistics. We thus found that improved innovation capabilities of these firms were found to result in increase in their employment potentials. Also, increased investment in R&D leads to rise in employment generating potentials of these entities, and adoption of superior foreign technologies in their operations equally improves the chances of the firm to generate employment. As a result, we recommended that there is need for government to offer technical assistance to these enterprises through trainings and workshops to horn their skillsets and build innovation capabilities that result in improved employment potentials. They need to be motivated to commit a sizeable part of their lean resources into activities such as training and re-training of employees that enhance innovation capabilities and employment potentials of these entities.},
 year = {2023}
}

Copy | Download

TY  - JOUR
T1  - Employment Potentials, Innovation, and R & D Expenditure in Nigeria: Evidence from Indigenous Microenterprises
AU  - Faruq Umar Quadri
Y1  - 2023/03/31
PY  - 2023
N1  - https://doi.org/10.11648/j.ajmse.20230802.11
DO  - 10.11648/j.ajmse.20230802.11
T2  - American Journal of Management Science and Engineering
JF  - American Journal of Management Science and Engineering
JO  - American Journal of Management Science and Engineering
SP  - 35
EP  - 49
PB  - Science Publishing Group
SN  - 2575-1379
UR  - https://doi.org/10.11648/j.ajmse.20230802.11
AB  - This study examined employment potentials of indigenous micro-enterprises in Nigeria as an alternative approach to tackling the menace of unemployment in Nigeria. Nigeria is a country with a relatively young population, with a median age of 18 years, which is lower than the African and global averages of 20 and 31 years respectively. A youthful population suggests a strong labor force; with the labor force population of around 70 million in 2020. Providing enough productive jobs for this young demographic (aged 15-29 years) and rising labor force is a challenge; more than 30 million young Nigerians were reported to be unemployed in 2021. As a result of this rapidly growing labor force, job creation is frequently on the top burners of policymakers and governments' development agendas. The dataset employed in the study is a secondary survey data exclusively from the TETFUND Report (2020). In order to achieve our objectives, we employed ordered logit and ordered probit as well as descriptive statistics. We thus found that improved innovation capabilities of these firms were found to result in increase in their employment potentials. Also, increased investment in R&D leads to rise in employment generating potentials of these entities, and adoption of superior foreign technologies in their operations equally improves the chances of the firm to generate employment. As a result, we recommended that there is need for government to offer technical assistance to these enterprises through trainings and workshops to horn their skillsets and build innovation capabilities that result in improved employment potentials. They need to be motivated to commit a sizeable part of their lean resources into activities such as training and re-training of employees that enhance innovation capabilities and employment potentials of these entities.
VL  - 8
IS  - 2
ER  -

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