Information and communication technology, and economic growth in Nigeria: a time series analysis

Abstract

Information and communication technology (ICT) is a general purpose technology that has the potential of playing an important role in economic growth, and other dimensions of social and political development in developing countries. Using quarterly data and Johansen techniques, the study found significant impacts of ICT investment on economic growth. Although other variables have positive impact on economic growth, the results implies that if Nigeria seeks to enhance its economic growth, the country needs to further implement specific policies that facilitate investment in ICT.