Using Intrapreneurship and Innovation to Promote Economic Growth in Nigeria

In recent times, corporate entrepreneurship is gaining significant attention as a crucial driver of economic growth and development in most countries, and Nigeria is not left out. This study examines intrapreneurship and innovation to promote economic growth in Nigeria. The population of the study is the employees of the National Board for Technology Incubation (NBTI) and other incubation centers in Oyo State. hence, the study population is Two Hundred and Eighty-five (285), while the sample is Eighty-six (86), using a simple random sampling technique. Primary data were collected via a questionnaire. The data collected were analyzed, using SPSS Version 23. The finding of the study reveals that the intrapreneurship and innovation promote economic growth in Nigeria. The proxies of intrapreneurship and innovation were significant in order of innovation (.000), reactiveness (.002), self-renewal (.002), and new business venturing (.006). The study recommends, among others, that research and development initiatives should be encouraged through resource allocation to improve employees' innovative and sustainable products aimed at addressing evolving market demands and environmental challenges.