Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)


Corporate Governance Implementation in Nigeria's Oil and Gas Sector: Investigating the Influence of Regulatory Compliance on Environmental Sustainability

Author(s): Oladele Kehinde, Kehinde Segun, Ayodotun Ibidunni, Busola Kehinde

The need for Nigerian energy firms to maintain (oil and gas industry) regulatory compliance cannot be over emphasized, considering they account for highest amount of gas emissions to the environment. Yet, the existing studies have not sufficiently explained the relationship between regulatory compliance and environmental sustainability roles of oil and gas firms in Nigeria. This Research work examines the influence of regulatory compliance on environmental sustainability of oil and gas companies in Nigeria. This study used both primary and secondary data, and distributed questionnaires to employees of selected oil and gas firms. Findings based on the analysis that Regulatory compliance does have a significant effect on environmental sustainability of oil and gas firms. It was then concluded that stakeholders and oil and gas firms have a huge role to play in enforcing regulatory compliance in their respective firms. It was then recommended that solutions to prevent environmental disasters lies not on more regulations, but rather that the existing regulations be better enforced and implemented.

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