Title: Factors influencing technology and innovation capability in the Nigerian indigenous oil firms
Authors: Yusuf Opeyemi Akinwale; John-Felix Kayode Akinbami; Joshua Babatunde Akarakiri
Addresses: Faculty of Economic Sciences and Information Technology, North West University, Vaal Triangle Campus, South Africa ' Centre for Energy Research and Development, Obafemi Awolowo University, Ile-Ife, Nigeria ' African Institute for Science Policy and Innovation, Obafemi Awolowo University, Ile-Ife, Nigeria
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.
Keywords: technology and innovation capability; indigenous oil firms; training; R&D; logit regression; Nigeria.
International Journal of Business Innovation and Research, 2018 Vol.15 No.2, pp.247 - 268
Received: 05 Apr 2016
Accepted: 10 Jul 2016
Published online: 08 Jan 2018 *