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Vol. 7 No. 1 (2024): RJFSR Vol. 7, No. 1

Reward Package and Profitability of Oil And Gas Firms in Nigeria

Submitted
December 16, 2024
Published
2024-12-16

Abstract

Research Objectives: This study analyzed reward bundles and benefits of oil and gas organizations in Nigeria from 2012 - 2022. The particular targets are as per the following; to analyze the impact of Pay rates and Wages on Benefit for the extended time of oil and gas firms in Nigeria; to distinguish the impact of annuity commitment on Benefit for the extended time of oil and gas firms in Nigeria, and to determine the impact of Tip and long Help Grant on Benefit for the time of oil and gas firms in Nigeria. 

Methodology: The review embraced the ex-post facto research plan. The examination was performed utilizing the expressive measurements which were utilized to evaluate the appropriation of the information over the period and numerous relapse methodology which were utilized to test the speculation figured out in the review. 

Findings: The discoveries uncovered that Pay rates and Wages affect Benefit for the extended period of oil and gas area in Nigeria, this is displayed with the T-trial of SW(0.337487) with p-worth of 0.7372. Annuity commitment affects Benefit for the time of oil and gas area in Nigeria, this is displayed with the T-trial of LPC(- 3.640123) with p-worth of 0.0006. Tip and long Assistance Grant affects Benefit for the time of oil and gas area in Nigeria, this is displayed with the T-trial of LGLS(1.373754) with p-worth of 0.1215. 

Conclusion: These discoveries infer that the chosen oil and gas firms have focused exclusively on wages and compensations and have overlooked benefits, tips and long assistance grants. 

Recommendation: The concentrate in this way suggests that oil and gas areas in Nigeria ought to make Compensations and Wages on Benefit, annuity commitment, Tip and long Assistance Grant necessary award strategy.

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