Sustainable Procurement and Performance of Oil and Gas Firms in Nigeria

Abstract

Abstract

This study evaluates the relationship that exists between sustainable procurement and performance of oil and gas firms in Nigeria. The specific objectives are to examine the connection between supplier’s diversity, tender evaluation process, legal and regulatory framework, supplier appraisal practices, management commitment, and corporate performance which was measured using corporate reputation. This study employed primary data using a structured questionnaire, to gather quantitative information. The findings revealed that Supplier’s diversity and tender evaluation process exhibit a significant negative relationship with corporate performance. Supplier appraisal practices and management commitment demonstrated a significant positive relationship with corporate performance. Lastly, there was an insignificant relationship between the variable of legal and regulatory framework and corporate performance. The study recommends among others, that digitalization of sustainable procurement process, establishment of clear criteria be critically considered, necessitated by contemporary reforms to ensure alignment with the unique needs of the oil and gas sector.

Key Words: Procurement, Sustainability, Performance, Reputation