EFFECTS OF PUBLIC POLICY ON EMPOWERMENT OF PRIVATE SECTOR DEVELOPMENT, WEATH AND JOB CREATION IN TECHNOLGY INCUBATION CENTRES-NIGERIA

Date

2019-01-01

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Department of Public Administration, Nasarawa State University Keffi

Abstract

The study evaluates the effects of technology incubation policy on empowerment of private sector development, poverty reduction and job creation in Nigeria. Survey and analysis of existing data was adopted as research designed. Primary and secondary methods of data collection were utilized. The study adopted structural-functional theory as postulated by Gabriel Almond, eight five (85) questionnaires were administered to entrepreneurs in Technology Incubation Centre (Lagos, Ogun and Ekiti) only Eight four (84) which represent (99) % response rate were completed and return while, one (1) which represent (1) % response rate were not returned. The data collected was analyzed with the used of descriptive and inferential statistical tools i.e Statistical packages for Social Sciences (SPSS). Finding from the study reveals that, Entrepreneurs have brought about development of technology starts up through creation of new commercial activities, and new economic sectors. They generate jobs for others; they produce goods and services for society; they introduce new technologies and improve or lower cost outputs; and earning. The finding from the study also indicates that, the established of Technology Incubation Centres (TICs) has brought multiplier effects such as employment generation and wealth creation. Due to challenges faced in the implementation of Technology Incubation policy and entrepreneurs, the study therefore recommends that, Government should offer incentives to foster entrepreneurship; numerous examples indicate that access to reliable and steady sources off unding is essential to entrepreneurial growth and sustainability.

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Citation

Ibrahim, S.I. et al. (2019) EFFECTS OF PUBLIC POLICY ON EMPOWERMENT OF PRIVATE SECTOR DEVELOPMENT, WEATH AND JOB CREATION IN TECHNOLGY INCUBATION CENTRES-NIGERIA

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