IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 11 NO. 1 2025
DOI: 10.56201/ijssmr.vol.11no1.2025.pg.319.334

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Effect of Corporate Governance Practices on the Performance of Oil and Gas Companies in the Niger Delta Region of Nigeria

Enya, Matthew Njobil., Eleng, David Mbotor (PhD)., Agbo, Nicholas ITO., Ayamba, Kelly K., Okoi, Eno Nwoyi & Chenui, Armand Phobuh

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Abstract

The study empirically examined the effect of corporate governance practices on the performance of oil and gas companies in the Niger delta region of Nigeria. The study adopted ex-post facto research design. The findings of this research showed that three of the independent variables examined had significant effect on performance of oil and gas companies in Nigeria. First, board size had a significant relationship with performance. Secondly, internal control had a significant negative relationship with performance of oil and gas firms in Nigeria. Board gender diversity had a significant effect on performance. The study recommended that Oil and gas companies in Nigeria should ensure that there are sufficient directors on the board with requisite experience that can impact performance positively. Oil and gas companies in Nigeria should continue to ensure firm control over operation to enhance performance, but they should always carry out cost and benefit analysis of internal control.

Corporate Governance, Board Size, Board Independence, Internal Control Measures, Board Gender Diversity, Company Size, Company Age, Performance

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