THE IMPACT OF TECHNOLOGICAL ADVANCEMENT ONENTREPRENEURIAL SUCCESS IN SOKOTO METROPOLIS

Abstract

This study was carried out to assess the impact of technological advancement on
entrepreneurship development in Sokoto metropolis, Sokoto State Nigeria. Primary data were
obtained from a sample of (51) entrepreneurs via questionnaire and analyzed using multiple
linear regression model (MLRM), and ANOVA. The population under investigation was sixty
registered entrepreneurs within Sokoto metropolis, the study adopted Krejcie and Morgan
(1970) to determine the sample size of fifty-one (51) entrepreneurs. Findings from the study
reveals that technology diversity, Job creation, access to capital, rate of technology adoption,
technology diffusion and education and skill development on entrepreneurial success are
statistically insignificant at 5%, meaning they are not good predictors, also the joint effect of
technology diversity, access to capital, rate of technology diffusion, education and skill
development is not statistically significant at 10% on entrepreneurial success in Sokoto
metropolis. The study recommends among others that to enhance and foster entrepreneurial
success, it is crucial that Sokoto State Government should encourage the young
entrepreneurs by introducing, skill acquisition program, and training as well as providing
credit facilities tailored towards entrepreneurial success within the metropolis.