AGE DIVERSITY AS PREDICTOR TO ECONOMIC SUSTAINABILTY OF OIL AND GAS CORPORATION IN NIGERA

Abstract

The activities of oil and gas corporations in Nigeria have been widely criticized about environmental, social and economic benefit to the host communities. In a bid to achieve corporate sustainability within Nigeria, they engage in the building of hospitals, schools, markets and provision of pipe borne water amongst others (Amaeshi, Adi, Ogbechie, & Amao, 2006).
Academics, such as Edoho (2008), Frynas (2009), Akpan (2006), Tuodolo (2007, 2009) and others have argued that these are best described as corporate social responsibilities. They contend that despite organizations’ efforts and attempts at sustainability, the process of corporate sustainability in Nigeria is not far-reaching or deeply entrenched. In this regard, Porter & Kramer (2011) viewed this as one of the major causes of environmental, economic and social problems. This is because, such sustainability programs or behaviour are considered as inconsistent, inadequate and has subsequently led to poor perception by members of the public (Amaeshi, Adi, Ogbechie & Amao, 2006).