-----------------------------------------------------------ABSTRACT:-----------------------------------------------This study aimed at identifying and cataloging the numerous managerial strategies adopted for the effective management of health and safety standards in construction firms operating in Oyo state, Nigeria. The research further examines the factors responsible for the level of implementation of health and safety regulation, assesses the current level of implementation of health and safety regulations in the Nigerian construction industry and highlighted the steps that could be taken to ensure that both management and staff enjoy the potential benefits of the full implementation of the regulations. Fifty (50) questionnaires were administered; 35 copies were returned and used for the analysis using SPSS version 16 and ranked using Mean Item Scoring to rank the variables. It concludes that government should set up a safety review commission and ensure implementation at the state level and mandate contractors to provide Health and safety plans and implement it on construction sites within the state. The study recommends that technology and economic growth increase the hazards in workplaces, therefore creating some workplaces that are unrecognized by the existing occupational health and safety standards also added to construction problems and major limitations to optimum implementation of health and safety standards are identify by this study are low level of skilled person power, lack of adequate legislation, insecurity, corruption and bribery and lack of governmental commitment and severity of penalties.