INTERNATIONAL JOURNAL OF INNOVATIVE STUDIES

Abstract

This study investigates the impact of technological innovations on the efficiency and productivity of fossil fuel extraction in Nigeria, with a particular focus on their role in addressing sustainability challenges. Using Pearson correlation analysis, we examined three key areas: the relationship between technological advancements and extraction efficiency/productivity, the influence of sustainability challenges on the extraction process, and the contribution of technology to sustainable extraction practices. The analysis, revealed a significant positive correlation (r = 0.83) between technological innovations and efficiency/productivity; however, this finding suggests that the impact on efficiency and productivity might not be as profound as anticipated. The study concludes that while technological innovations have a significant role in promoting sustainability, their direct impact on efficiency and productivity may be limited by other factors. Recommendations include enhancing technological integration, addressing sustainability challenges through comprehensive strategies, and fostering public-private partnerships to support advancements in both technology and sustainability.