Corporate Social Responsibility In Nigeria Case Study

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Corporate Social Responsibility
Corporate Social Responsibility, often abbreviated as “CSR”, as defined by Investopedia is a corporation’s initiatives to access and take responsibility for the company’s effects on environmental and social wellbeing. Helg (2007) defined Corporate Social Responsibility as the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large”. Nigeria as a country is not left out on the need to implement CSR as it is a global best practice. However, it has not gained popularity in privately held businesses (PHBs) as much as it has with big corporations in this …show more content…

This is largely due to the fact that many Nigerians are ignorant of CSR; hence, whenever an organization gives back to the society maybe by way of building schools or hospitals, such a company and its management are eulogized for being caring and philanthropic. Quite a number of organizations in Nigeria are driven by the need to make more and more profits to the detriment of all the stakeholders, while some do not adequately respond to the needs of host communities, employees’ welfare, environmental protection and community development. (Osemene, …show more content…

It is also expected to be socially responsible, by investing in the corporate and social development of Nigeria…” (Nigerian National Planning Commission 2004).
There are several challenges to CSR in Nigeria. These includes the adherence to the conventional business principle which states that the business of an organization is strictly to benefit its shareholders, meaning that business organizations’ major motive and target is the ability to make profit, and maximize profit even at the expense of the environment of their operation. This orthodox norm affects negatively all aspects of the society especially as it affects environmental protection. Another challenge to CSR is the inefficiency of legislations.
There is little legislation in the area of corporate social responsibility and the ones that are available are either poorly managed or unenforceable (Chima Mordi et al

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