Covid-19 and Sustainable Performance in Nigeria Listed Industrial Goods Firms

Oluwabusayo Samuel Omoniyi and Rufus Ishola Akintoye
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Oluwabusayo Samuel Omoniyi: Babcock University, Illishan Remo Ogun State, Nigeria
Rufus Ishola Akintoye: Babcock University, Illishan Remo Ogun State, Nigeria

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 7, 1306-1316

Abstract: This study examined sustainable performance in the pre-and post-COVID-19 periods, with a focus on listed industrial goods firms in Nigeria. It collected secondary data from the Machame Ratio database. The data collected spanned six (6) years, from 2017 to 2022. The six (6) years were divided into two equal periods of three (3) years each, due to the comparative nature of the study. The three (3) years before COVID-19 comprised years 2017 to 2019, while the three (3) years after the COVID-19 pandemic period consisted of years 2020 to 2022. It employed t-test statistics to analyze the data collected. From the analysis, results showed that the Economic-Social-Governance (ESG) Disclosure Index of listed industrial goods firms in Nigeria was significantly different before and after Covid-19 (t-statistic = -2.96, p-value = .005). On the strength of this finding, the study concluded that sustainable performance before and after the COVID-19 pandemic amongst listed industrial goods firms is significantly different. It is recommended the management of Greif Nigeria Plc, Lafarge Cement Wapco Nigeria Plc, and Premier Paints rejig their operational practices to make them more compliant with the Global Reporting Initiative (GRI), the globally recognized standard for sustainable practices.

Date: 2024
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