Chapter One — 1.1 Background to the Study

Succession Planning has increasingly attracted the attention of researchers, regulators, and practitioners concerned with organizational commitment. This growing interest reflects the recognition that succession planning does not operate in isolation, but interacts with a wider set of institutional and market conditions found within Selected Fintech Companies in Nigeria.

Within the context of Selected Fintech Companies in Nigeria, this relationship carries particular significance. Organizations in this setting operate under a distinct combination of economic, regulatory, and market conditions that may amplify or dampen the effect of succession planning on organizational commitment, making a context-specific inquiry both timely and necessary.

1.2 Statement of the Problem

Despite a growing body of literature on succession planning, there remains limited consensus on the precise nature of its relationship with organizational commitment, particularly within Selected Fintech Companies in Nigeria. Many organizations continue to make decisions about succession planning without a clear, evidence-based understanding of how those decisions ultimately affect organizational commitment. This gap between practice and empirical understanding is the central problem this study seeks to address.

1.3 Objectives of the Study

1. To examine the effect of Succession Planning on organizational commitment in Selected Fintech Companies in Nigeria.
2. To assess the extent to which succession planning influences organizational commitment within the study area.
3. To identify the challenges associated with succession planning in relation to organizational commitment.
4. To recommend strategies for optimizing succession planning in order to improve organizational commitment.

1.4 Research Questions

1. What is the effect of succession planning on organizational commitment in Selected Fintech Companies in Nigeria?
2. To what extent does succession planning influence organizational commitment within the study area?
3. What challenges are associated with succession planning in relation to organizational commitment?
4. What strategies can be adopted to optimize succession planning in order to improve organizational commitment?

1.5 Significance of the Study

Beyond its academic contribution to the field of human resource management, this study has practical value for management teams within Selected Fintech Companies in Nigeria seeking to understand how succession planning translates into measurable outcomes around organizational commitment. It is equally useful to students and future researchers looking for a localized empirical reference on this relationship.

1.6 Scope of the Study

The study is limited to an examination of Succession Planning and its relationship with organizational commitment within the context of Selected Fintech Companies in Nigeria. It reflects a clearly defined scope of analysis and relies on data and perspectives available within that scope; generalizing the findings beyond this specific context should therefore be done with appropriate caution.