Information Communication Technology (ICT) and the Effective Growth of SMEs in Anambra State, Nigeria

Abstract

This study examines the role of Information and Communication Technology (ICT) in the growth and development of Small and Medium Enterprises (SMEs) in Anambra State, Nigeria. The importance of information and technology in modern business management cannot be overstated, as they serve as critical resources for organizations to gain a competitive edge. The study emphasizes the benefits of ICT adoption for SMEs, which include enhanced productivity, effectiveness, efficiency, and customer satisfaction. However, it also highlights the challenges faced by SMEs in Anambra State in effectively utilizing ICT, such as inadequate infrastructure, management information system constraints, and limited resources. The primary objective of the study is to evaluate the extent to which ICT contributes to the growth and success of SMEs in Anambra State. The research employs a stratified random sampling approach, collecting data from SMEs across various sectors, including pharmaceutical, manufacturing, textile, telecommunications, and others. The findings provide insights into the factors that influence ICT adoption and ownership patterns among SMEs in the region, as well as the moderating effects of different business categories on technology utilization. The study concludes with recommendations for policy makers and SME owners to enhance the effective integration of ICT for the growth and development of the SME sector in Anambra State.