**Author details**

*Strategy and Behaviors in the Digital Economy*

sion of the economy in the long run.

**6. Conclusion and recommendations**

unemployment, among others.

global information economy and society and transformation.

Hamzah and Ismail [8], and Konovalova et al. [4] that the development of nations has moved from the traditional economic indices such as population growth, GDP, etc. to the intellectual capital and the information economy contribution to GDP, it is evident that Nigeria is not developing. Also, going by the well-known Lewis model of development, if literacy level has not had impetus on the economic growth of Nigeria, it is then a fact that most of the population of Nigeria still operate at the lowest level of development where there is a high unskilled labor and low skilled labor. Hence, going by the work of Becla [27], and the result of this study, Nigeria is a quasi-information society due to the fact that the major intellectual capital indices used in the study have not transformed into economic growth and development. This could also transcend to major sectors of the economy hence affecting their development and economic activities in the nation. This could further lead to threaten the development and sustainable development of the sectors and in exten-

Also, going by the work of Edvinsson and Bounfour [38], Nigeria would be said to have a lower value at the global development levels because of the fact that its intellectual capital has not create an impetus on the economic development. Hence, the development in Nigeria is questionable as confirmed by the work of Mercier-Laurent [41], and there may be no structural and economic development as affirmed by Pachura [42], and hence, the sustainability of the economy would be a major problem as attested by Makarov [43]. Consequently, one could say that the future of the nation is questionable and needs urgent attention if it must develop and survive in the recent

In conclusion, in Nigeria economy, intellectual capital management has not created an impetus on the economy of the nation; hence, it is operating in a quasi-information economy (false information economy). In addition, this could constitute a major challenge against the development of the nation and also the development of major sectors of the economy. This could be one of the major reasons for the setbacks and failures in the attainment of major development strategies such as the Millennium Development Goals (MDGs). Also, the practical relevance of this study is to show that, if the ICM of the nation is not given wide recognition and repositioned and developed toward enhancing quality education in Nigeria, there is a high propensity that Nigeria will eventually experience failure and setbacks in the attainment of recent SDGs, hence, lagging behind neighboring developing countries and developed countries who put into recognition and positioned their ICM for development. To this end, the study recommends that:

i.If Nigeria must rise above the present level of development and meet up with global development indices, there is need for the governments and policy makers to concentrate and seek strategies to provide policies that would enhance the intellectual capital of the nation such as the human development index, level of educational development, and level of literacy and

ii.Also, attention should be drawn to the need to increase budget allocation to intellectual capital development of the nation and also to its major actors such as skilled workers in the primary, secondary, and tertiary education system, research and development institutes, and other organizations com-

mitted to research and education activities in the nation.

**44**

Ojinga Gideon Omiunu Africa Regional Centre for Information Science, University of Ibadan, Nigeria

\*Address all correspondence to: omiunuojingag@gmail.com

© 2019 The Author(s). Licensee IntechOpen. This chapter is distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/ by/3.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
