EFFECT OF RISK MANAGEMENT MODELING ON MANUFACTURING PRODUCTIVIES IN NIGERIA (A STUDY OF DANGOTE CEMENT FACTORY, IBESE PLANT IN YEWA SENATORIAL DISTRICT, OGUN STATE)
Raji, Oladeinde Akeem1 & Akerele B.S .2
ABSTRACT
The study examined the effect of Risk Management Modeling on manufacturing productivity in Nigeria. The study employed descriptive research design, the population were staff of Dangote cement factory Ibese in Ogun west senatorial district, and these were chosen in other to have access to larger and more diverse population, societal impact and for regulatory environment purpose, where primary data were collected from the named factory and secondary data from other sources. The enabling objectives were to examine the effect of operational risk management on manufacturing productivity in Nigeria, to examine the impact of financial risk management on manufacturing productivity in Nigeria and lastly to assess the impact of environmental risk management on manufacturing productivity in Nigeria .purposive random sampling technique was embraced and sample size of 80 respondents was captured with the aid of structured questionnaires, using survey method, only production staff and Administrative workers was sampled. Data were analyzed with the aid of SPSS statistical tool. The results show that the predictors employed in the study shows significant impact on manufacturing productivity, and the study recommend that the stakeholders should embark on usage of risk management techniques to reduce the extent of production wastage, optimize productivity which will possibly increase profitability of manufacturing company so as to have positive effect on Nigeria economy.
Keywords: Risk Management, Productivity, Operational Risk, Financial Risk, Environmental Risk