INFLUENCE OF ETHNIC DIVERSITY AND CORPORATE SUSTAINABILITY OF OIL AND GAS CORPORATION IN NIGERIA

Abstract

This study investigated the relationship between ethnic diversity and corporate sustainability, of oil and gas multinational corporations in Nigeria. Research evidence indicates that the corporate sustainability goal is yet at its optimum using the infrastructural and social responsibility approach. The study specifically addressed the relationship between ethnic diversity and the measures of corporate sustainability (environmental, economic and social). The study adopted the cross-sectional survey design. Structured questionnaire from 158 members of the 44 target organizations was used to generate data for the study. Three null hypotheses were formulated to guide the study. The Spearman’s rank order correlation coefficient was used to test the bivariate analysis. The tests were carried out at 0.05 level of significance and analysed using SPSS tool. The findings showed that there is a significant relationship between ethnic diversity and measures of corporate sustainability.  In conclusion, the study affirmed that ethnic diversity of oil and gas corporations in Nigeria impact significantly on corporate sustainability as it contributes substantially towards the unification of organizational members’ ideals and values. Based on the findings, the study recommends that organizations in pursuit of corporate sustainability should emphasize on policies and culture of inclusive diverse workforce with focus on generational gaps to achieve a greater environmental, economic and social corporate sustainability.