Authors :
Popoola Olusegun Victor; Adebayo Adeyinka Victor; Oyetunde Christian Oyedeji; Olasunkanmi Ayodeji James
Volume/Issue :
Volume 9 - 2024, Issue 5 - May
Google Scholar :
https://tinyurl.com/ywxdzfbj
Scribd :
https://tinyurl.com/s24rr7wb
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAY1930
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
This study explores the dynamic interplay
between Nigeria's burgeoning digital economy and the
nation's job sustainability amidst a transitioning economic
landscape characterised by declining petroleum sales and
the ongoing global impacts of the COVID-19 pandemic. It
addresses critical questions about the sustainability of
Nigeria's digital economy, the effects of entrepreneurship
on managing a mono-economy during the pandemic, and
the necessary social reforms and economic policies to
bolster the digital economy during and post-pandemic.
Key issues identified include significant unemployment
rates, gender disparities in digital access and
entrepreneurship, and the challenges posed by an open yet
restrictive data protection environment which limits
digital economic growth. This paper examines the role of
various CSR drivers in enhancing job sustainability within
Nigeria's digital sectors, such as e-commerce and fintech,
influenced by global trends and internal policy
frameworks. The research highlights the urgent need for
skilling, upskilling, and reskilling the Nigerian workforce,
integrating formal, non-formal, and informal educational
pathways to equip them for digital economy jobs. It also
suggests enhancing microeconomic sectors and fostering
innovation and technology adoption as pivotal strategies.
Furthermore, developing technological hubs akin to
models in Singapore is recommended to synergise efforts
between universities and private entities to drive digital
transformation. Ultimately, the study posits that a holistic
approach involving targeted educational reforms, robust
government policies, and active stakeholder engagement is
crucial for cultivating a resilient digital economy in
Nigeria that can sustain employment and withstand global
economic pressures.
References :
- Zhang, L., Sindakis, S., Dhaulta, N., & Asongu, S. (2023). Economic Crisis Management During the COVID-19 Pandemic: The Role of Entrepreneurship for Improving the Nigerian Mono-Economy. ncbi.nlm.nih.gov
- Agbeyangi, A., Makinde, A., & Odun-Ayo, I. (2024). Nigeria's ICT and Economic Sustainability in the Digital Age. [PDF]
- Xianbin, T. & Qiong, W. (2021). Sustainable Digital Economy Through Good Governance: Mediating Roles of Social Reforms and Economic Policies. ncbi.nlm.nih.gov
- Chidiebere Edeh, E., Cong Zhao, C., Osidipe, A., & Zhou Lou, S. (2023). Creative Approach to Development: Leveraging the Sino-African Belt and Road Initiatives to Boost Africa’s Cultural and Creative Industries for Africa’s Development. ncbi.nlm.nih.gov
- Xu, J., She, S., & Liu, W. (2022). Role of digitalization in environment, social and governance, and sustainability: Review-based study for implications. ncbi.nlm.nih.gov
- Fallah Shayan N, Mohabbati-Kalejahi N, Alavi S, Zahed MA. Sustainable Development Goals (SDGs) as a Framework for Corporate Social Responsibility (CSR). Sustainability. 2022; 14(3):1222. https://doi.org/10.3390/su14031222
- Oyekunle, R. & A. Tiamiyu, M. (2022). Interrelationships of organisation and E-business strategies with E-business readiness, intensity and impact in Nigerian Universities. ncbi.nlm.nih.gov
- Augustine, C. (2023). Investigation of how social media influenced the endsars protests in Lagos, Nigeria. [PDF]
- Christian Orjiakor, E. (2022). Business climate and firm exit in developing countries: evidence from Nigeria. ncbi.nlm.nih.gov
- Graham, M., Hjorth, I., & Lehdonvirta, V. (2017). Digital labour and development: impacts of global digital labour platforms and the gig economy on worker livelihoods. ncbi.nlm.nih.gov
- Kumar Singh, P. & Maheswaran, R. (2023). Analysis of social barriers to sustainable innovation and digitisation in supply chain. ncbi.nlm.nih.gov
- Jiang, G., Wu, X., & Zhou, T. (2022). Quantum steering in a star network. [PDF]
- Wang, Z. & Zhao, Y. (2021). Energy Strategy for Sustainable Development of Rural Areas Based on the Analysis of Sustainable Digital Economy. ncbi.nlm.nih.gov
- Seun Olanrewaju, G., Bunmi Adebayo, S., Yetunde Omotosho, A., & Falajiki Olajide, C. (2021). Left behind? The effects of digital gaps on e-learning in rural secondary schools and remote communities across Nigeria during the COVID19 pandemic. ncbi.nlm.nih.gov
- B. Arewa, O. (2022). Scarcity amidst plenty: Regulating digital transformation. ncbi.nlm.nih.gov
- E. Ogbonna, A., A. Adediran, I., F. Oloko, T., & O. Isah, K. (2022). Information and Communication Technology (ICT) and youth unemployment in Africa. ncbi.nlm.nih.gov
- Oumer Adame, B. (2021). The Ethiopian telecom industry: gaps and recommendations towards meaningful connectivity and a thriving digital ecosystem. ncbi.nlm.nih.gov.
This study explores the dynamic interplay
between Nigeria's burgeoning digital economy and the
nation's job sustainability amidst a transitioning economic
landscape characterised by declining petroleum sales and
the ongoing global impacts of the COVID-19 pandemic. It
addresses critical questions about the sustainability of
Nigeria's digital economy, the effects of entrepreneurship
on managing a mono-economy during the pandemic, and
the necessary social reforms and economic policies to
bolster the digital economy during and post-pandemic.
Key issues identified include significant unemployment
rates, gender disparities in digital access and
entrepreneurship, and the challenges posed by an open yet
restrictive data protection environment which limits
digital economic growth. This paper examines the role of
various CSR drivers in enhancing job sustainability within
Nigeria's digital sectors, such as e-commerce and fintech,
influenced by global trends and internal policy
frameworks. The research highlights the urgent need for
skilling, upskilling, and reskilling the Nigerian workforce,
integrating formal, non-formal, and informal educational
pathways to equip them for digital economy jobs. It also
suggests enhancing microeconomic sectors and fostering
innovation and technology adoption as pivotal strategies.
Furthermore, developing technological hubs akin to
models in Singapore is recommended to synergise efforts
between universities and private entities to drive digital
transformation. Ultimately, the study posits that a holistic
approach involving targeted educational reforms, robust
government policies, and active stakeholder engagement is
crucial for cultivating a resilient digital economy in
Nigeria that can sustain employment and withstand global
economic pressures.