A TECHNO-ECONOMIC POLICY FRAMEWORK TO ENHANCE THE CONTRIBUTION OF MARGINAL OIL AND GAS FIELD TO NIGERIA’S ECONOMIC GROWTH: A PETROLEUM INNOVATION SYSTEM APPROACH
Abstract
The extent of intensified competition among firms at the global environment
places technological innovation in a strategic position to promote economic
development and foster the national competitiveness. This is particularly true for
Nigeria. This study investigated the petroleum innovation system using the
indigenous marginal field operators in Nigeria. The nature of interactions of the
oil firms with other stakeholders in the industry was examined by analysing data
collected from 108 participants. Data were analysed using descriptive analysis,
financial modelling and logit regression. Arising from the analysis, a technoeconomic
policy framework was developed. The framework emphasised the
benefits inherent in strengthening the interaction among the elements in the
Nigerian petroleum innovation system and placed government at a strategic
position in creating enabling environment for other stakeholders through policy
and supports to fully enhance the contribution of marginal oil and gas field to
economic growth
Details
| Other ID | JA43UF79MG |
|---|---|
| Journal Section | Research Article |
| Authors | |
| Publication Date | February 1, 2017 |
| Published in Issue | Year 2017 Volume: 9 Issue: 1 |