Corporate Governance and Strategic Decision Making in the Nigerian Manufacturing Sector

This study investigated the relationship between corporate governance and strategic decision-making in the Nigerian manufacturing sector. The Nigerian manufacturing sector is a driver of the country's economic diversification and GDP development in the face of globalization challenges. Development in the Nigerian manufacturing sector is greatly affected by weak corporate governance framework, giving rise to inefficient decision making that are not consistent and fail to properly leverage data and thus, hinders them from keeping pace with changing market forces. Examining sector-specific issues such as ineffective leadership and delayed decision-making, the research centred on management transparency and ownership as a form of leadership and decision-making timeliness and quality as measures of decision-making. Using SPSS's Pearson correlation, 139 respondents from 10 listed manufacturing businesses had their data analysed in this cross-sectional study. Rejecting all the null hypotheses, the results show significant positive effects: managerial ownership enhances timeliness and decision quality; and transparency enhances decision quality and timeliness. Governance reduces agency problems, with context-dependent influences, according to the results, in line with agency theory. The study suggests increased transparency, real-time capability, and ownership incentives, and it concludes that effective governance processes can ensure sustainable growth.