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Digital Economy Transformation and Economic Growth in Nigeria: Assessing the Dynamics of Technological Adoption, Hybrid Currency, and Employment Development (2010?2025)
Subject area: Management and Commerce · Area of research: Economics
DOI: https://doi.org/10.64388/IREV9I4-1711468-9159
Abstract
This paper investigates how Nigeria?s economy has evolved through digitalization and the extent to which this transformation has influenced economic growth between 2010 and 2025. Anchored on Schumpeter?s Innovation Theory and the Endogenous Growth Model, the study synthesizes theoretical and empirical evidence on technological adoption, hybrid currency mechanisms, and employment generation. Drawing insights from the works of Eke and colleagues (2016?2023), it argues that advances in digital infrastructure, telecommunications, and financial technology have become major catalysts of Nigeria?s contemporary economic performance. Findings reveal that investments in digital infrastructure and coordinated hybrid monetary policies significantly enhance productivity, stimulate employment, and sustain macroeconomic stability. The study concludes that sustained digital innovation, coherent policy alignment, and institutional adaptability are critical for building a resilient and inclusive digital economy in Nigeria.
Keywords
Digital Economy, Economic Growth, Hybrid Currency, ICT, Employment Development, Nigeria
How to cite this paper
@article{1711468,
author = {Itodo, H. N., Igbinomwanhia, O. S., Amodu, M. N., Onoja, S.},
title = {Digital Economy Transformation and Economic Growth in Nigeria: Assessing the Dynamics of Technological Adoption, Hybrid Currency, and Employment Development (2010?2025)},
journal = {Iconic Research And Engineering Journals},
year = {2025},
volume = {9},
number = {4},
pages = {1204-1206},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1711468.pdf},
abstract = {This paper investigates how Nigeria?s economy has evolved through digitalization and the extent to which this transformation has influenced economic growth between 2010 and 2025. Anchored on Schumpeter?s Innovation Theory and the Endogenous Growth Model, the study synthesizes theoretical and empirical evidence on technological adoption, hybrid currency mechanisms, and employment generation. Drawing insights from the works of Eke and colleagues (2016?2023), it argues that advances in digital infrastructure, telecommunications, and financial technology have become major catalysts of Nigeria?s contemporary economic performance. Findings reveal that investments in digital infrastructure and coordinated hybrid monetary policies significantly enhance productivity, stimulate employment, and sustain macroeconomic stability. The study concludes that sustained digital innovation, coherent policy alignment, and institutional adaptability are critical for building a resilient and inclusive digital economy in Nigeria.},
keywords = {Digital Economy, Economic Growth, Hybrid Currency, ICT, Employment Development, Nigeria},
month = {October},
doi = {https://doi.org/10.64388/IREV9I4-1711468-9159}
}