Digital Inclusion, Corporate Social Responsibility and Sustainable Economic Development in Nigeria: An X-ray of Literature

Yekeen Sikiru Olukayode () and Olusola James Oladejo ()
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Yekeen Sikiru Olukayode: Department of Management & Accounting, Postal: Lead City University, Ibadan, ,, https://www.lcu.edu.ng/index.php/lead-city-journal-of-the-social-sciences
Olusola James Oladejo: Department of Management & Accounting, Postal: Lead City University, Ibadan, ,, https://www.lcu.edu.ng/index.php/lead-city-journal-of-the-social-sciences

Lead City Journal of the Social Sciences (LCJSS), 2024, vol. 9, issue 3, 125-146

Abstract: This article examine the relationship between digital inclusion, corporate social responsibility and sustainable economic development in Nigeria. The positive trend in advancements in technology and widespread access to the Internet by people worldwide resulted in greater awareness on digitalization. This study explores the evolving relationship between digital inclusion, Corporate Social Responsibility (CSR), and sustainable economic development in Nigeria. Utilizing a comprehensive literature review methodology, the research investigates the interconnections among these themes through a systematic examination of peer-reviewed journal articles, books, conference proceedings, and relevant reports from both local and international sources. The methodology encompasses several key steps: thematic analysis, which categorizes the literature into thematic areas, including the role of digital technologies in economic development, the social and economic impact of CSR initiatives, and the integration of CSR with digital inclusion for sustainable development. This thematic analysis facilitates the identification of patterns, gaps, and areas requiring further research. The study highlights the potential of CSR-driven digital inclusion initiatives to foster economic empowerment, particularly for underserved groups such as women and youth. However, significant challenges persist, including inadequate coordination between government, the private sector, and civil society, as well as the need for more robust digital infrastructure and skills training. While CSR efforts show promise, their long-term impact on sustainable economic development remains under-researched. The findings of the literature review are presented in a structured format, linking digital inclusion, CSR, and sustainable development. The discussion emphasizes how these concepts are being applied in Nigeria to tackle economic inequality, promote social inclusion, and achieve long-term growth. The study concludes that for CSR initiatives to effectively contribute to digital inclusion and sustainable economic development, a multi-stakeholder approach is essential. Also, digital inclusion allows increase accessibility rate of the poor or previously financially excluded people to digital services and the more likely this vulnerable groups do not opt for informal financial services, this will stimulate sustainable economic development. It recommends that an integrated framework that needs support from government, regulator, policymakers and financial institutions are required to provide easier access and connection to the ideas and multifaceted elements of digital financial inclusion. In addition, incorporating CSR practices into digital inclusion efforts will promotes ethical and responsible use of technologies, spreading the benefits of digital resources to both rural and urban dwellers

Keywords: CSR; Digital Inclusion; Digital Transformation; Sustainable Economic Development. (search for similar items in EconPapers)
Date: 2024
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