Optimizing joint ventures and alternative funding for nigeria'S oil and gas industry: Improved financing and transitioning to commercial ventures
- Autores: Gbolahan Solomon Osho
- Localización: International Journal of Professional Business Review: Int. J. Prof.Bus. Rev., ISSN 2525-3654, ISSN-e 2525-3654, Vol. 10, Nº. 2, 2025 (Ejemplar dedicado a: Continuous publication; e05329)
- Idioma: inglés
- Enlaces
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Resumen
Objective: This study examines the feasibility and effectiveness of joint ventures and alternative funding mechanisms in Nigeria's oil and gas industry to address financial constraints, infrastructure deficits, and technological gaps. It aims to provide insights for stakeholders on sustainable financing strategies that can drive industry growth and resilience.
Theoretical Framework: The research is grounded in financial and economic theories related to energy finance, public-private partnerships, and risk-sharing models in joint ventures. It evaluates these frameworks in the context of Nigeria’s oil and gas sector, highlighting their impact on funding efficiency and industry sustainability.
Method: The study employs a qualitative approach, analyzing industry trends, policy frameworks, and case studies of successful joint ventures and alternative financing models. It synthesizes data from academic literature, government reports, and real-world implementations to assess the viability of different funding mechanisms.
Results and Discussion: Findings indicate that joint ventures and alternative funding mechanisms, such as public-private partnerships and project financing, significantly enhance financial sustainability and technological advancements in Nigeria's oil and gas sector. However, challenges such as conflicting interests, transparency issues, and regulatory bottlenecks must be addressed for these strategies to be effective.
Research Implications: The study provides policymakers and industry stakeholders with actionable insights on optimizing joint ventures and alternative financing to enhance Nigeria’s energy sector. It underscores the need for regulatory reforms, transparent governance, and strategic partnerships to foster long-term industry growth.
Originality/Value: This research contributes to the discourse on sustainable financing in emerging energy markets by comprehensively analyzing Nigeria’s joint venture framework and alternative funding options. It presents practical recommendations for overcoming financial and operational challenges, adding value to industry practitioners and policymakers.
