The Role of Technology in Revitalizing Nigeria’s Oil and Gas Sector: Opportunities and Barriers

    Abstract

    The oil and gas sector remains a cornerstone of Nigeria’s economy, yet it is burdened by production inefficiencies, environmental degradation, and the challenges of a global energy transition. This study adopts the Technology Acceptance Model (TAM) to examine the adoption of technologies, focusing on innovations such as Artificial Intelligence (AI), the Internet of Things (IoT), and blockchain, to enhance exploration accuracy, optimize production, and improve environmental management. TAM posits that perceived usefulness and perceived ease of use are critical factors influencing technology adoption. Using secondary data, the study identifies significant barriers, including outdated infrastructure, regulatory complexities, and high implementation costs. Recommendations include policy reforms to simplify regulations, enhance transparency, and attract investments by creating an enabling business environment. Capacity-building initiatives are proposed to bridge skill gaps, ensuring the workforce is equipped to adapt to technological advancements. Furthermore, public-private partnerships (PPPs) are highlighted as vital for resource mobilization, innovation, and addressing infrastructural deficits.

     Keywords: Nigeria’s Oil and Gas Sector, Production Efficiency, Public-Private Partnerships (PPPs), Technology Acceptance Model (TAM), Technology Adoption

    DOI: www.doi.org/10.36349/fujpam.2024.v3i02.003

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    author/Dr. Shafiu, A.M., Umar, A., Lawal,A.M. & Dr. Shafiu, R.M.

    journal/FUJPAM Vol. 3, No. 2 

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