Frontier Technologies and Entrepreneurship: Exploring How Cutting-Edge Innovations Drive Business Agility and Growth in Nigeria

Mohammed Ramon S & Elizabeth Tobiloba Mohammed, Volume 6 Issue 2, December 2025 Pages 42-52, Published: 2025-12-16

Abstract

Frontier emerging technologies like AI, Blockchain, and IoT are transforming the entrepreneurial economy on a global scale. They are developed to change the way people communicate and address various business problems globally. Accordingly, this research also assesses the role of these technologies in promoting entrepreneurship in Nigeria, as well as their adoption, usage, and exploitation for supporting innovation-driven entrepreneurial development. The research design utilized for this research work was descriptive survey research. The population for this research study comprised 1,200 registered businessmen in Lagos State. Using normal sample size calculation, 300 respondents were obtained from this population. A structured questionnaire and interviews were utilized for data gathering. Descriptive data analysis and regression analysis using SPSS version 26 were done for the data gathered. On the other hand, data from interviews were analyzed for themes using thematic data analysis. Findings from this research study have shown that while the adoption of AI, Blockchain, and IoT has been positive and a major driving factor for entrepreneurial innovation, efficiency in business, and competitiveness in market performance, it also has support issues, which pertain to a lack of infrastructure support, a lack of regulatory support, and a lack of proper internet literacy. Therefore, summarizing all the findings from this research study, it would like to conclude that this remaining potential for limited entrepreneurship support from these technologies can now be aptly utilized with anticipatory policy revisions, improvement in infrastructure development support, and in technology-driven innovation entrepreneurial training courses, which would support a successful digital transformation in the prevailing business environment in Nigeria