Effect Of Entrepreneurship Skills On Record Keeping Of An Organization In The Oil And Gas Industry Of Nigeria

Abstract

The research studied the effect of entrepreneurship skills on record keeping of an organization in the oil and gas industry of Nigeria. This study specifically examined, determined and evaluated the effect of entrepreneurship skills on record keeping of an organization in the oil and gas sector. Ex-post facto design was adopted due to the fact that the study relied solely on secondary source of data collection in examining the effect entrepreneurship skills on record keeping of an entrepreneur in the oil and gas Industry of Nigeria. The data were obtained from the annual report and accounts from two sampled industry listed on the Nigerian Stock Exchange. Entrepreneurship skills have a negative and significant effect on priorities security and privacy in Nigerian oil and gas sector. Based on the findings, it was recommended that priorities security and privacy should be ascertained and introduced to Nigerian oil and gas industry as a priority more particularly with the introduction of international recording system. The F-Statistic was 3.805556 at 0.0338 significance level with df (10,2)-3.49. The t-calculated of prioritize security and privacy is -2.321608 which indicates that Prioritize security and privacy has a negative and significant effect on entrepreneurship skills of Nigerian oil industry. Record, track and monitor keeping method is necessary to sustain loyalty of customers and should be supported. Annual review and audit is imperative for oil and gas industry to adopt viable record keeping procedures in other to compete favorably with their competitors.