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Cost Control Techniques and Organizational Performance of Quoted Manufacturing Firms in Nigeria.

In recent times, several manufacturing companies in Nigeria have witnessed unexpectedly high operating 
costs due to the ongoing economic reforms of the present federal administration. This cross-sectional study therefore 
investigated the combined effect of cost control techniques employed by Nigerian manufacturing firms on 
organisational performance in terms of market share. A survey of 50 accounting personnel from five sampled listed 
manufacturing sectors using Google Forms as a data instrument was conducted over seven months (January to July 
2024). The study employs the Principal Component Regression (PCR) technique for model estimation at three 
significance levels (1%, 5% and 10%). The study using a parsimonious Akaike Information Criterion (AIC) based 
model shows that the increase in cost control techniques and strategies of manufacturing companies in Nigeria 
contributed negatively and significantly to a reduction in their market shares for the period under review. The study 
asserts that cost control techniques of manufacturing companies in Nigeria have significant predictive power to explain 
changes in their market share. The study, therefore, recommends the need for a complete review and overhaul of cost 
control techniques and strategies of manufacturing companies in Nigeria in line with current economic realities in the 
country.

Authors: Kamilu A. Saka & Aishat A. Thalith-Sakariyah