A Review of Supply Chain Risk Mitigation Strategies in the Nigerian Oil and Gas Sector: A Case Study of Total Nigeria in Kaduna State
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Background of the Study
The oil and gas sector is highly susceptible to supply chain risks due to its complex operations and dependence on global markets. Risk mitigation strategies, such as supplier diversification, contract management, and technology adoption, are critical to ensuring supply chain resilience (PwC, 2023). For Total Nigeria, operating in Kaduna State presents unique challenges, including security concerns, regulatory fluctuations, and infrastructure deficits.
Supply chain risks in the oil and gas sector can lead to significant financial losses, project delays, and reputational damage. Effective risk mitigation strategies enable companies to anticipate, respond to, and recover from disruptions (Adebayo et al., 2024). This study reviews supply chain risk mitigation strategies employed by Total Nigeria, focusing on their effectiveness in addressing challenges specific to Kaduna State.
Statement of the Problem
The Nigerian oil and gas sector faces persistent supply chain risks, including geopolitical instability, fluctuating oil prices, and infrastructure challenges. Total Nigeria has implemented various risk mitigation strategies, but their effectiveness in addressing localized challenges in Kaduna State remains underexplored (Okoro & Musa, 2023). Understanding these strategies’ strengths and limitations is crucial for improving supply chain resilience in the sector.
Objectives of the Study
- To review supply chain risk mitigation strategies employed by Total Nigeria in Kaduna State.
- To assess the effectiveness of these strategies in addressing supply chain challenges.
- To recommend improvements to enhance supply chain resilience in the oil and gas sector.
Research Questions
- What supply chain risk mitigation strategies are employed by Total Nigeria in Kaduna State?
- How effective are these strategies in addressing supply chain challenges?
- What improvements can enhance supply chain resilience in the oil and gas sector?
Research Hypotheses
- H0: Supply chain risk mitigation strategies do not significantly address challenges faced by Total Nigeria in Kaduna State.
- H0: The effectiveness of existing strategies does not significantly enhance supply chain resilience.
- H0: Proposed improvements do not significantly enhance supply chain resilience in the oil and gas sector.
Scope and Limitations of the Study
This study focuses on Total Nigeria’s supply chain operations in Kaduna State, reviewing risk mitigation strategies and their effectiveness. The research is limited to the oil and gas sector and may not generalize to other industries. Constraints include access to sensitive data and the dynamic nature of supply chain risks.
Definitions of Terms
- Supply Chain Risk Mitigation: Strategies designed to identify, assess, and minimize potential disruptions in the supply chain.
- Resilience: The ability of a supply chain to recover from disruptions and continue operations.
- Oil and Gas Sector: The industry involved in the exploration, extraction, refining, and distribution of oil and gas products.
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Chapter One: Introduction
