Turnaround and Sustainability of Business Firms in Nigeria: A Study of Selected Firms

Abstract

This study determines if corporate turnaround programmes are positively related to organizational sustainability. Multistage cluster sampling technique was used to select ten firms out of all the firms in the Nigerian Stock Market. The Hypothesis was testedusing ANOVA. The instrument for data collection was a five point Likert Scale structured questionnaire. The result of analysis shows that firms turnaround programs are positively related to the Sustainability of the firms. The recommendations are that turnaround experts are urgently needed. The National Universities Commission (NUC) should insist that Business and management relateddisciplines include enough credit load to produce turnaround and sustainability competent professionals to facilitate the development of sustainability culture for the economy.