Corporate Social Responsibility in Nigeria

S. C. Okaro and Gloria O. Okafor ()
Additional contact information
S. C. Okaro: Nnamdi Azikiwe University
Gloria O. Okafor: Nnamdi Azikiwe University

A chapter in Current Global Practices of Corporate Social Responsibility, 2021, pp 525-541 from Springer

Abstract: Abstract The purpose of this study is to explore how corporate social responsibility is practiced and understood in Nigeria. The Paper adopts a qualitative research design. A literature search is undertaken to situate the theory and practice of corporate social responsibility in Nigeria. A detailed content analysis of the annual reports and accounts of some selected companies quoted in the Nigerian Stock Exchange is undertaken to ascertain the current practices of social responsibility across sectorial divides as well as glean the perception of company management about corporate social responsibility in Nigeria. Areas of external social responsibility interventions are mainly in the field of educationEducation, health and security. The dominant view among corporate management is that corporate social responsibility is a means of “uplifting the well-being of the immediate community around their operational sites and participation in credible programmes in the general societySociety”. Thus many companies see CSR as mere philanthropy. As a result only very few of the companies had a well thought out strategy for their CSR interventions. A highly neglected area in respect of CSR practices is in respect of the environment. We document a weak institutional environment which offers no incentives for companies to scale up their CSR practices. Few of the companies are, however, beginning to see a nexus between good CSR practices and employee loyalty and performance. Also some companies are beginning to imbibe the idea that CSR, apart from philanthropy, should be targeted at helping the wider society ameliorate its daunting developmental challenges. Our study has implication for CSR regulation and practice in Nigeria.

Keywords: Corporate social responsibility; CSR practices; External social responsibility; CSR dimensions; CSR drivers; CSR elements (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-030-68386-3_24

Ordering information: This item can be ordered from
http://www.springer.com/9783030683863

DOI: 10.1007/978-3-030-68386-3_24

Access Statistics for this chapter

More chapters in CSR, Sustainability, Ethics & Governance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().