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Impact of Corporate Governance Mechanisms on Environmental Sustainability in Nigeria’s Oil and Gas Sector

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  • Ajibua Gbenga

    (Department of Business Administration Grace Bay, Charisma University, Turks & Caicos Island)

  • Nelson Christopher

    (Department of Economics Bingham University, Karu. Nasarawa State, Nigeria)

Abstract

This study investigates the impact of corporate governance mechanisms on environmental sustainability in Nigeria’s oil and gas sector, focusing on three key governance variables: board composition, audit committee independence, and board independence. Using a survey research design, primary data were collected through a structured Likert-scale questionnaire administered to 196 respondents across selected firms. Descriptive statistics, correlation analysis, and multiple linear regression were employed using SPSS version 26 to analyze the data. Findings revealed that board composition, audit committee independence, and board independence each have a positive and statistically significant effect on environmental sustainability. The correlation coefficients indicated strong associations, with board composition showing the highest relationship. Regression analysis further confirmed the predictive power of the governance variables, with an R Square of 0.829, suggesting that over 82% of the variation in environmental sustainability practices can be explained by the model. The ANOVA result and F-statistic (F = 8662.235, p

Suggested Citation

  • Ajibua Gbenga & Nelson Christopher, 2025. "Impact of Corporate Governance Mechanisms on Environmental Sustainability in Nigeria’s Oil and Gas Sector," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(7), pages 5874-5890, July.
    • Handle: RePEc:bcp:journl:v:9:y:2025:issue-7:p:5874-5890
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