Risk Governance and Organizational Performance of Telecommunications Firms in Nigeria

The study focuses on risk governance and organisational performance of telecommunication firms in Nigeria. A Cross-sectional survey is adopted and data are collected from 372 respondents from the Nigerian telecommunication firms using a google survey questionnaire. Multiple linear regression method of data analysis is employed to test the research hypotheses. The study finds that risk management strategy has a significant effect on organisational performance. The result also shows that accountability has no significant effect on organisational performance. Furthermore, the result further discloses that compliance has a significant effect on organisational performance of telecommunication firms in Nigeria. It is concluded that risk governance measures are important ingredients in managing vulnerabilities that telecommunication firms should have to address to achieve their set goals and objectives. The study therefore, recommends that more risk management strategies is formulated to help mitigate risk that would affect performance as a result of technological advancement, a proper check and balance mechanism should be place for board members and management to be effective in carrying out their job responsibilities, and total compliance team should be in place to avoid litigations and ensure optimal efficiency.