Factors influencing technology and innovation capability in the Nigerian indigenous oil firms Online publication date: Mon, 08-Jan-2018
by Yusuf Opeyemi Akinwale; John-Felix Kayode Akinbami; Joshua Babatunde Akarakiri
International Journal of Business Innovation and Research (IJBIR), Vol. 15, No. 2, 2018
Abstract: This study investigated the factors influencing technology and innovation capabilities in Nigerian indigenous oil and gas firms. Primary data were collected through the use of questionnaire to elicit information from 150 indigenous oil firms. The result of the ordered logit regression showed that the extent of the firm's R&D captured by in-house R&D and R&D fund allocation were significant at 10% level of significance. Also, work experience of staff, qualification of staff and size of technical staff which captured human and knowledge capital of firm were significant in influencing the firms' technology capabilities. Acquisition of advanced machinery, firm's size and age and training were also significant in influencing technology capabilities of indigenous oil firms. The study suggests that both government and industry should ensure improvement in extensive training, R&D and education of the work force to enhance local capabilities in oil and gas field development.
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