Self-Efficacy and Sustainability of Oil and Gas Companies in Nigeria

Abstract

This study examined the relationship between self-efficacy and sustainability of oil and gas companies in Nigeria. The study adopted the cross-sectional survey in its investigation of the variables. Primary source of data was generated through structured questionnaire. The population of the study was eleven (11) indigenous oil and gas companies quoted in Nigeria Exchange Group. The entire population was adopted as a census since the study population was small. Hence, the entire population of 11 indigenous oil and gas companies in Nigeria were adopted as a census. However, the respondents/ participants in the study were two hundred and sixty-four (264) Managers of the 11 indigenous oil and gas companies in Nigeria. The research instrument was validated by my supervisors vetting and approval while the reliability of the instrument was achieved by the use of the Cronbach Alpha coefficient with all the items scoring above 0.70. The hypotheses were tested using the Spearman’s Rank Order Correlation Coefficient. The findings revealed that there is a significant relationship between self- efficacy and sustainability of oil and gas companies in Nigeria. Based on the finding, the study concludes that self-efficacy correlates with economic, social and environmental sustainability respectively. Keyword: Self-Efficacy, Sustainability, Economic Sustainability, Social Sustainability, Environmental Sustainability