Paper Contents
Abstract
The construction industry is wide and varied, with participants carrying out several activities, especially in the Oil & Gas Sector. This makes the sector prone to several risks. This study establishes the strategies for managing construction risks in Nigeria. A secondary data collection method was used, comprising past works on risk drafted from web sources, articles, and journals. The findings revealed that risk is an uncertainty that can be positive or negative. The major types of risks confronting the construction industry are physical, political, and economic, while technical risks are minimal due to the continuous emphasis on training. It was concluded that positive risks can be enhanced while negative ones can be mitigated or eliminated using a defined risk management process of planning, identification, analysis, and control.
Copyright
Copyright © 2025 Christopher Chidi Belonwu. This is an open access article distributed under the Creative Commons Attribution License.
