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Corporate Social Responsibility as Catalyst for Development: Prospects and Challenges in Nigeria

Stakeholders, Governance and Responsibility

ISBN: 978-1-78756-380-3, eISBN: 978-1-78756-379-7

ISSN: 2043-0523

Publication date: 14 September 2018

Abstract

An efficient corporate social responsibility (CSR) framework in many economies has been linked with human capital development, social and financial inclusion, environmental protection and better stakeholder management. This article examines the level of efficiency of the CSR framework in Nigeria; it underscores the developmental potentials of CSR practices within the Nigerian business community. However, a prevailing trend of haphazard and sometimes dodgy CSR practices by free riding rogue companies mars such potentials. Underpinning these dodgy practices has been a CSR ‘business case’ argument coupled with dysfunctional business (corporate) law assumptions among other causative factors. The article appraises the implications of these causative factors and towards minimising the haphazard practices, proposes corporate law reforms through which the Nigerian CSR framework may become more effective.

Keywords

Citation

Amodu, N. (2018), "Corporate Social Responsibility as Catalyst for Development: Prospects and Challenges in Nigeria", Stakeholders, Governance and Responsibility (Developments in Corporate Governance and Responsibility, Vol. 14), Emerald Publishing Limited, Bingley, pp. 207-228. https://doi.org/10.1108/S2043-052320180000014010

Publisher

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Emerald Publishing Limited

Copyright © 2018 Emerald Publishing Limited