An Investigative Study of Challenges Facing Nigerian Small and Medium Scale Enterprises in Adoption of E-Commerce Technology
Abstract
In other developing countries, E-commerce is one of the leading non-oil sectors and it has not been greatly adopted by the SMEs in Nigeria. More Studies in this area are worthy, most especially in the recent time of Technology Development. This study investigates challenges facing Small and Medium Enterprises (SMEs) Adoption of e-commerce technology in Nigeria. It presents quantitative evidence of SMEs perceptions of e-commerce technology, benefits, and barriers. The study was carried out in Lagos state with One thousand (1000) Questionnaires administered and distributed to both staff and owners of the Manufacturing SMEs located in all 20 local government area in lagos state through National Association of SMEs (NASMEs) Lagos branch using stratified random sampling to explore the vital influential factors affecting the adoption of E-commerce Technology (EcT) by SMEs. Descriptive and Inferential statistics such as table, percentage, Chart, multiple regression and ordinary least square regression were employed in the analysis. The result reveal clearly the factors affecting the adoption of EcT by SMEs and the level at which it affects them. The outcome of this study would help management of SMEs to develop effective strategic planning for future business development. It was recommended that an appropriate government policy should be formulated to stimulate the utilisation of e-commerce by SMEs in Nigeria and proper awareness to SMEs owners on the value created by e- commerce adoption.
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Keywords: E-commerce Technology, Small and Medium Enterprises, ICT Adoption, Technology Barriers.
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