E3S Web Conf.
Volume 371, 2023International Scientific Conference “Fundamental and Applied Scientific Research in the Development of Agriculture in the Far East” (AFE-2022)
|Number of page(s)
|Environmental Economics and Management
|28 February 2023
Improvements activity of innovation: experience, challenges and opportunities in Nigeria
Peoples' Friendship University of Russia (RUDN University), 6 Miklukho-Maklaya Street, 117198 Moscow, Russian Federation
* Corresponding author: email@example.com
Technology and innovation are important concepts in improving efficiency, productivity and competitiveness in companies. The effective management of knowledge, science, technology and innovation is a determinant of competitiveness for companies, business and countries. In other side R+D is a very important activity for the economic development in the age of the digital economy and Industry 4.0. R&D and technology innovations have been proved to positively correlate with profitability in developed countries. This article assessed the actual status of these activities on the enterprises in Nigerian; experiences, challenges, strategies and opportunities to improve them in innovative sector. Data were collected from the textbooks and the internet. The research showed that the governments do it some efforts to improve the innovation. Some strategies point to management of knowledge and creativity, increase the finance of the projects, and protection of intellectual right property. The experts, institutions, banks and government need to create some strategies to do it more available and to support innovation activities. This is the most important challenge.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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