Relationship between Sustainable Development and Manufacturing Firms Performance in Edo State, Nigeria

This study examines sustainable development in manufacturing firms’ performance in Edo State, Nigeria. The purpose was to establish the association among social, economic and environmental developments on manufacturing firms in Edo State. The methodology utilized was the survey research proportions. The population comprised of top level employees of ten selected manufacturing firms registered with the Manufacturers Association of Nigeria (MAN) in Edo state, with international affiliation. A total of one hundred (100) employees of the ten selected manufacturing firms in the state, constituted the sample size. The purposive sampling technique was made use to choose ten (10) employees each from the designated manufacturing firms. Data analysis engaged was the descriptive and inferential statistics. The outcomes discovered that manufacturing firm’s social and economic developments were significant predictors of sustainable development among the manufacturing firms, in the State, while environmental development was insignificant. The study recommended that manufacturing firms should exemplify social development program as core values, it is also recommended, that they formulate and implement economic development policies that will foster the growth of their firms, the study concluded that firms should take proactive measures to minimize their environmental approach by adopting eco-friendly initiatives.

JEL Classification: M31, M38, L95, L20.