Acta Univ. Sapientiae, Economics and Business, 13 (2025) 178–205
Abstract. The nonexistence of efficient intermediate technologies that are more advanced than the traditional tools is posing a greater obstacle to development in Nigeria. Therefore, the effect of intermediate technology on sustainable development in Nigeria is explored, using Autoregressive Distributed Lag (ARDL) technique of analysis on data collected between 1981 and 2023 from World Bank and Central Bank of Nigeria. The study findings reveal long- and shortrun relationships between the variables of the study, while the Error Correction Model (ECM) result indicates that the concomitant quick change of the variables to long-run stability after temporary instability is corrected by about 195.3% every year. Consequently, it is essential to design a suitable intermediate device as an alternative and practical solution to unemployment and poverty problems in Nigeria. The paper recommended that given the low level of capacity utilization experienced in Nigeria, designing appropriate intermediate technology that can add value to manufacturing and creates more employment is paramount.
Keywords: capacity utilization, development approach, traditional sector, poverty, unemployment
SAPIENTIA HUNGARIAN UNIVERSITY OF TRANSYLVANIA
The Sapientia Hungarian University of Transylvania is the independent university of the Hungarian community in Romania, which aims at providing education to the members of our community and performing scientific research on a high professional level.
Sapientia Hungarian University of Transylvania,
Scientia Publishing House
Acta Universitatis Sapientiae
RO 400112 Cluj-Napoca, Romania
Str. Matei Corvin nr. 4.
Email: acta @ acta.sapientia.ro
