EFFECT OF ICT INVESTMENT AND USE ON BUSINESS PERFORMANCE OF UNIVERSITIES IN SOUTH WEST NIGERIA

Abstract

The study assessed the influence of ICT Investment and Use on Performance of Business Units of Universities in South West Nigeria. To do this, the entire population of Universities in South Western Nigeria comprising of seven Federal, ten state and twenty private Universities were sampled for the study. Both primary and secondary data were employed for the study. One hundred and fifty two questionnaires were administered out of which one hundred and forty two were returned representing 93% response rate. The secondary data were derived from the annual reports of each of the Universities covered by the study. The variables of interest from the secondary data were: ICT Investment (ICT Inv.), Return on Capital employed (ROCE),Net Profit Margin (NPM), and ICT Cost Efficiency (ICTCE). Multiple Regression analysis employing the use of ANOVA revealed a very highly significant relationship F (4, 137) = 120.029; P <0.05 (table value = 5.66) between the independent variables group (ICT Investment, Effect of ICT use on Personnel,) and Performance of business units of Universities in South-western Nigeria. Furthermore, competent hands engaged should be trained and retrained for effective use of the facility to exploit to the optimum the benefits of ICT.