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Volume 9 , Issue 4 , August 2021 , Pages: 69 - 74
Data Management, the Pathway to Nigerian Development
Odebola Taiwo James, Department of Economics, Near East University, Lefkosa, North Cyprus
Received: Nov. 20, 2020;       Accepted: Jan. 21, 2021;       Published: Aug. 24, 2021
DOI: 10.11648/j.sr.20210904.15        View        Downloads  
Abstract
A juxtaposition on Knowledge Economy as it relates to Nigerian economic condition where there is need to fully approach data-intensive innovations and programs in the attendant condition as it is germane to engender increased goods and services via production to an expanded GDP, economic growth cum development. An economic paradigm needed for the welfare of the citizenry, more importantly, for equitable distribution of resources as in resonance with Development Economics cum Knowledge Economy as branches of Economics that can transform an economy positively from a position of inadequate structures to a level of maximum capacity utilization, that is why this work seek to test if there is any significant relationship between data management and economic development in the selected economies by translating to increase in aggregate demand, investment and reduction in unemployment rate precisely in the developed or OECD economies relative to Nigeria as the economy in perspective. The work theoretically attempted to use Gross Domestic Product, GDP as the exogenous variable which is being impacted by data management as the endogenous variable using Ordinary Least Square, OLS methodology to evaluate if any correlating or significant relationship exist between GDP of an economy and information management in the face of feasible data policy. Therefore, this work posited that Data collection, management and storage with requisite policy in place can help the Nigerian economy achieve its full economic potential, capacity building and capacity utilization.
Keywords
Economic Importance of Data Management, Data Policy and Economic Implications, Feasible Data Policy in Nigeria, Data Management and Nigerian Growth, Information Technology’s Impact on Economies, Database Technology in Economic Development, Information Management and Nigerian Stability
To cite this article
Odebola Taiwo James, Data Management, the Pathway to Nigerian Development, Science Research. Vol. 9, No. 4, 2021, pp. 69-74. doi: 10.11648/j.sr.20210904.15
Copyright
Copyright © 2021 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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