AN APPRAISAL OF RESOURCES, CAPABILITIES, AND GROWTH STRATEGIES OF LOCAL CONSTRUCTION FIRMS IN NIGERIA

Abstract

ABSTRACT Previous studies on local construction firms in Nigeria have shown that these firms are underdeveloped, possess limited contracting capacity and are dominated by foreign multinational construction firms. This study sought to explain the reasons for this by appraising the resources and capabilities of the local firms from the perspective of resource-based theory and Porter's Diamond framework. The study further explored the mode of growth strategies adopted to acquire resources and capabilities, and then identified the significant problems that influence the growth of those resources and capabilities. In addition, the views of the local firms were sought on what measures are required to accelerate the growth of their resources and capabilities. The methodology employed is descriptive field survey where questionnaires where physically administered to local construction firms based in ABUJA, but operating across the country. The list of the firms covered was drawn using systematic sampling.