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study identifies significant barriers, including outdated infrastructure,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
author/Dr. Shafiu, A.M., Umar, A., Lawal,A.M. & Dr. Shafiu, R.M.
journal/FUJPAM Vol. 3, No. 2