ABSTRACT

This study examines the impact of emerging technologies on entrepreneurial innovation and business models in Nigeria. The research investigates how technologies such as artificial intelligence, blockchain, Internet of Things, machine learning, and cloud computing are transforming Nigerian enterprises. Through a survey of 200 owners and managers of Small and Medium-scale Enterprises (SMEs) in Benin City, the study reveals significant adoption of digital business models (82%), cloud computing (80%), mobile technology (86%), data analytics (82%), and blockchain (80%) among Nigerian entrepreneurs. However, challenges including infrastructure limitations, resource constraints, and skills gaps hinder widespread technological implementation. The findings confirm that emerging technologies significantly influence business transformation and innovation in Nigeria, while highlighting adoption barriers. The study recommends government-private sector collaboration to improve digital infrastructure, capacity-building programs, financial support mechanisms, and enhanced cybersecurity measures to foster a technology-driven entrepreneurial ecosystem in Nigeria.