Creating and using Exclusive Technologies to Gain a Competitive Edge in the Southern Region of Nigeria

Aleke Jude Uchechukwu¹ and Benedict Nnachi Alum²

¹Faculty of Economics and Management Kampala International University Uganda

²Department of Research Publication and Extension Kampala International University, Uganda

Corresponding author: jude.aleke@kiu.ac.ug, orcid.org/0009-0009-6807-9484

ABSTRACT

This article examined the crucial significance of proprietary technologies in promoting competitive advantage among enterprises in South-South Nigeria, an area of economic importance renowned for its abundant natural resources and growing industries. The study underscores the significance of technical advancement in crucial industries such as oil and gas, agriculture, and manufacturing while drawing attention to the distinct obstacles and prospects in the area. Despite making progress, the southern region of Nigeria, known as the South-South, still encounters major obstacles such as insufficient financing for research and development, restricted availability of state-of-the-art technology, a scarcity of highly qualified personnel, and ineffective frameworks for protecting intellectual property rights. The research examined the present condition of proprietary technology development, identify key barriers, and evaluate the effect on competitive advantage. Research indicates that increasing investment in research and development, boosting technical infrastructure, aligning educational curricula with industrial requirements, and strengthening the intellectual property rights framework are crucial measures for fostering technological innovation and creating economic diversity in the area.

Keywords: Advancements in technology, Exclusive Technologies, Strategic advantage over competitors, Research and Development, Intellectual Property Rights.

CITE AS: Aleke Jude Uchechukwu and Benedict Nnachi Alum. (2024). Creating and using Exclusive Technologies to Gain a Competitive Edge in the Southern Region of Nigeria. RESEARCH INVENTION JOURNAL OF RESEARCH IN EDUCATION4(2):49-53. https://doi.org/10.59298/RIJRE/2024/424953