Prodeus technology nigeria9/1/2023 ![]() ![]() In Nigeria, SMEs conduct 90 per cent of business in the country but contribute less than 10 per cent to the GDP ( Gbandi and Amissah, 2014). In developing countries, such as Ghana, SMEs contribute approximately 70 per cent to the GDP and account for approximately 92 per cent of business ( Zafar and Mustafa, 2017). In developed countries, such as the USA and United Kingdom, SMEs account for over 99 per cent of employers and contribute over 50 per cent to the country’s gross domestic product (GDP) ( Gbandi and Amissah, 2014 Tobora, 2014). SMEs are an integral part of innovation and growth in a dynamic economy thus, SMEs have a vital role in job creation ( Napitupulu et al.,2018 Niebel, 2018 Zafar and Mustafa, 2017). ![]() The low adoption rate of ICT by SME leaders in developing countries such as Nigeria has contributed to a low rate of economic development in these countries ( Jones et al., 2014 Rahayu and Day, 2017 Tob-Ogu et al., 2018 Zafar and Mustafa, 2017). Despite the growth of ICT-based electronic commerce within SMEs in developed countries, the rate of ICT adoption within SMEs in developing countries has remained relatively low ( Napitupulu et al., 2018 Rahayu and Day, 2017). Leaders of SMEs incrementally use ICT-based electronic commerce to gain competitive advantage in the global marketplace ( Rahayu and Day, 2017 Tob-Ogu et al., 2018 Zafar and Mustafa, 2017). The implementation of information and communication technology (ICT) in small-to medium-sized enterprises (SMEs) is vital for the socioeconomic development of an economy, especially in developing countries ( Rahayu and Day, 2017 Yunis et al., 2017). The full terms of this licence may be seen at Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. ![]() This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Published in Journal of Economics, Finance and Administrative Science. Copyright © 2019, Kessington Okundaye, Susan K. ![]()
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