Knowledge Economy and Nigeria's National Security

ABSTRACT

Introduction

The whole world has gradually become a global village whereby everybody relates in terms of communication, trade, exchange of ideas, increase in job mobility, improved GDP, etc. The driving force behind this great advancement is knowledge-based economy. A knowledge economy is one where organisations and people acquire, create, disseminate and use knowledge more effectively for greater economic and social development by providing more efficient ways of producing goods and services and delivering them more effectively and at lower costs to a greater number of people (News Knowledge Economy, 2014). Wealth creation through conscious application of human knowledge and creativity is steadily out-pacing wealth creation through extraction and processing of natural resources. Therefore, knowledge has increasingly become an important means for value creation and has also become a vital commodity to countries, businesses and individuals in the 21st century age of knowledge-based economies (Ghirmai, 2010).