Professor Toyin Adisa, head of the Center for Work, Organization, and Technology (CWOT) at the University of East London in the UK, has called on Nigerian companies, academic institutions, and government officials to adopt new technologies or face falling out of step with the fast-changing world market.
Adisa spoke during his speech at the recently held 2026 International Annual Research Conference hosted by the University of Lagos (UNILAG), where he discussed the effects of the Fifth Industrial Revolution on employment, companies, and learning.
He observed that technology has been thoroughly embedded in almost every area of human existence, changing how individuals work, interact, and cooperate.
He stated that the world has transitioned past the period of technology-focused industrial systems linked to the Fourth Industrial Revolution, entering the Fifth Industrial Revolution, where human welfare, environmental sustainability, and tech progress receive balanced attention.
"The Fifth Industrial Revolution integrates industrial achievements with societal and ecological principles. It encourages harmony between manufacturing effectiveness and people's welfare," he stated.
Adisa stated that although companies are gaining more advantages from technology advancements via enhanced productivity, smarter choices, and broader commercial prospects, organizations in Nigeria encounter major challenges when trying to adjust to the evolving environment.
Key issues highlighted included limited technology proficiency within small enterprises, inadequate internet connectivity, unstable power availability, risks from online crime, and reluctance to embrace innovative business approaches.
He emphasized that small and medium enterprises (SMEs), which he referred to as the foundation of Nigeria's economic structure, should have access to the necessary skills and resources to succeed in the modern technological era.
"How many small enterprises understand modern technology, and what steps are being taken to assist them adapt to the Fifth Industrial Revolution and get ready for the Sixth?" he questioned.
A Professor specializing in Organizational Behavior and Human Resources urged scholars and researchers to create applied, problem-focused investigations that tackle the challenges faced by Nigerian companies instead of concentrating only on academic theories.
"Our study aims to offer remedies for societal challenges. Scholars hold numerous responsibilities in advancing creative and feasible research that will assist small enterprises in navigating this transformation," he stated.
Adisa also highlighted cybersecurity as a growing issue, cautioning that higher dependence on technology puts companies at heightened risk of attacks by hackers.
In the future, the researcher anticipated that developments in automation and artificial intelligence would keep transforming work environments globally, leading to increased collaboration between people and smart machinery.
Previously, during her opening remarks at the commencement of the conference, Professor Folasade Ogunsola, Vice Chancellor of the University of Lagos (UNILAG), highlighted the significance of strategic relevance amidst difficult financial circumstances. She referred to the conference’s topic — "Business Innovations, Sustainability, And Resilience: Navigating The Future" — as both relevant and important because of the ongoing economic difficulties affecting the nation and the global community.
Led by Professor Olufunke Bammeke, Head of Academic Planning, the Vice Chancellor encouraged the facilitators and participants to foster insightful conversations and make decisions that positively impact society and the worldwide community.
Opening the conference, the Vice Chancellor thanks the organizing committee and welcomes the substantial turnout to the 'university of first choice'.
The Dean of the Faculty of Management Sciences, Prof Abdulhameed Sulaimon, was represented by Professor Ouluseyi Shadare, who greeted the attendees and extended heartfelt thanks to the sponsors and collaborating organizations for their ongoing assistance.
He highlighted the importance of companies adopting innovation, sustainability, and adaptability when dealing with the fast-evolving worldwide landscape. He noted that organizations currently function in an age defined by technology progress, financial instability, shifting employment trends, and ecological issues, which makes innovation and flexibility crucial for both endurance and expansion.
He believes that scientists and professionals must create solutions grounded in research that can shape policies, enhance corporate approaches, and support community growth.
The staff further emphasized its dedication to advancing meaningful research that can foster long-term economic development, ethical corporate behavior, and strong societal foundations.
In his opening message, Dr. Oladimeji Abiodun, head of the organizing committee, stated that the conference centers around business innovation, environmental sustainability, and adaptability, with the objective of tackling current issues and prospects within the corporate sector.
Recognizing the continuous swift developments in technology, the environment, the economy, and social demands that influence business operations, Dr Abiodun urged a shared accountability from researchers and practitioners to develop data-driven approaches that support long-term growth and strengthen community endurance.
He thanked the Vice-Chancellor, Prof Ogunsola, the organizer and Dean of the Faculty of Management Sciences, Prof Abdulhameed Sulaimon, along with collaborating organizations for their assistance, while urging attendees to participate fully and work together to promote a culture of learning and creativity.
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