Abstract

The oil and gas industry is an important sector in Nigeria’s economy as it accounts for a great percentage of government revenue and export earnings. Important determinants of the success of the oil and gas industry are the administration and organisation skills necessary for staff to be effective in the industry. Performance management helps in the achievement of goals and targets and productivity in the oil and gas industry. This paper examines the contents and importance of the oil and gas industry in Nigeria, the concept of a performance management system, its relevance to the industry and some challenges to proper administration. It also discusses the purpose, intention and determinants of performance management in the oil and gas industry. These aspects are examined with a view to identifying the relevance and efficacy of some legal and institutional frameworks for a performance management system as well as appraising certain legal conditions to be fulfilled by authorities vested with the power of punishing or dismissing an employee for contravening ethics, rules and regulations designed for a workable performance management system in the Nigerian oil and gas industry.