Opportunities and Risks for STPs and AOIs in Nigeria in the era of Industry 4.0

The study chronicles the opportunities and risks for science parks and areas of innovation in Nigeria in the era of industry 4.0. The expected opportunities include: (i) the spirit of team work between research groups; (ii) potential of universities to support research and innovation; (iii) young age average, for at least a decade, is a dynamic opportunity; (iv) opportunity for Nigerian enterprises to enter the production and trade on a global level; (v) globalization, including R&D; (vi) growing Nigerian STI in diaspora; (vii) technological developments in ICT, nanotechnology. Biotechnology and environmental technology. The expected threats among others include: (i) low fertility rates and aging society, (ii) arrival of new competitors in areas with comparative advantage; (iii) disruption in the supply of imported natural resources and energy; (iv) rapid transfer of new technology inwards is suffering challenges; (v) purchasing modern and technical equipment are is pretty difficult and so on.