TY  - SER
AU  - Sulaiman, Saidu Nasiru
TI  - Obstacles to Innovation in an Emerging Economy
PY  - 2013///
KW  - Nigeria
KW  - Emerging Economy
KW  - Obstacles Of Innovation
KW  - Barriers And Gateways
KW  - Incubation
KW  - Innovationays
KW  - Innovation, Incubation & Entrepreneurshi
KW  - Entrepreneurship
KW  - Tenth Biennial Conference On Entrepreneu
KW  - Biennial Conference Papers
N2  - Innovation can be seen as a crucial factor in achieving economic growth and development and panacea for various problems in emerging economies. But emerging economies  are faced with certain obstacles to achieve innovation capability over time. This study was conducted to investigate the obstacles of innovation in Nigeria as an emerging economy. Nigeria is blessed with an abundance of natural and human resources: Natural resources such as oil and gas deposits, various solid minerals, gold, verse agricultural land etc.; Human resources, Nigeria have the highest population in Africa with the largest labor force in Africa, and is operating freemarket economy. Therefore, despite all these advantages Nigeria possesses, it's still not innovative economy. This brought about the main  research question as why the Nigerian economy not innovative in nature? The study finds answers to this question such as underdeveloped domestic systems of education and science, weakness in indigenous technological capabilities, consumer purchasing power and consumer demand for innovative products, structural imbalance of the economy and poor public sector management. Eventually the researcher came-up with
ER  -