article · Zenodo (CERN European Organization for Nuclear Research)
This study examined the relationship between digitalisation and economic growth in Nigeria using annual time-series data from 1991 to 2024. Digitalisation is proxied by the percentage of internet users, while economic growth is measured by gross domestic product, with gross fixed capital formation, human development index, government effectiveness and inflation included as control variables. The study employed Fully Modified Ordinary Least Squares (FMOLS) as the main estimation technique and Dynamic Ordinary Least Squares (DOLS) for robustness. The result showed that digitalisation does not yet have a statistically significant effect on economic growth in Nigeria, suggesting that internet usage remains largely concentrated in low-productivity activities. On the other hand, human capital exerts a positive and significant influence on growth, while investment and government effectiveness show weak or adverse effects. The findings highlight the need for policies that deepen productive digitalisation, strengthen human capital development and improve institutional effectiveness to enable digital technologies to contribute meaningfully to Nigeria’s long-term economic growth.
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DOI: 10.5281/zenodo.19462738
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