Introduction on nigeria social responsiblity

Is it really a vital issue for corporations?

development of csr in nigeria

The subject I am referring to is the concept of Corporate Social Responsibility. How far should foreign trade and investment be determined by the human rights climate of the host country?

Csr laws in nigeria

It would be difficult to understand allegation by a company of CSR activities if the company has not completed or does not comply with the legislation referred to its activity. Do multinationals have a political responsibility to support and promote human rights and freedoms and actively avoid contributing to abuses? They are entitled to a healthy and productive life in harmony with nature". If the societydoes not exist, business will also not exit. Compliance with these regulations does not correspond with what we understand as basic Social Responsibility, but with the obligations implied in the current activities that any company must comply simply by placing your business. States should recognise and duly support their identity, culture and interest and enable their effective participation in the achievement of sustainable development". D , , online. It was found that there are diverse meanings of CSR in the reviewed literature, but the philanthropic initiatives and corporate donations for social issues are the common CSR practices in Nigeria. In the course of running his business, he developed strong business ethics and principles. His steerwheel conviction is that Nigeria is the safest and most reliable place to make investment for the worldwide business community. The principal activities held by those companies under the label of CSR are centered in redeeming the effects of the extraction in the area and their impact in the local communities. Again, the Upstream Petroleum Group at the 6th Nigerian Economic Summit a group in which I participated and assisted in drafting the group recommendations made several recommendations concerning host community issues.

Of particular interest was an advert by the Constitutional Rights Project CRPan NGO, which treated the vexed issue of the plight of the indigenes of the Niger Delta and the consequent violence and unrest in that area. A clarification and understanding of the basis on which any proposed course of action is to be undertaken in this area will aid in charting our future paths.

Corporate social responsibility in nigeria today and the way forward

Determinate if Nigeria is really benefited by those activities. They should have no right to interfere with the external environment of the business. This study focuses on developing economies and on Nigeria specifically. Context Researching for the registered history of CSR in Nigeria, it can be traced back to the early CSR practices in the exploitation of the oil and gas by the multinationals. It was found that there are diverse meanings of CSR in the reviewed literature, but the philanthropic initiatives and corporate donations for social issues are the common CSR practices in Nigeria. It would be difficult to understand allegation by a company of CSR activities if the company has not completed or does not comply with the legislation referred to its activity. Work is currently in progress in these projects. There are several appellations used in describing this concept such as, corporate social accountability, corporate ethic and corporate citizenship. Dangote was also given a deadline of three years to repay the loan, but he repaid the loan in three months. Is it really a vital issue for corporations?

Under this concept of administration and management, we will encompass a set of practices, strategies and business management systems that seek a new balance between the economic, social and environmental factors.

Compliance with these regulations does not correspond with what we understand as basic Social Responsibility, but with the obligations implied in the current activities that any company must comply simply by placing your business.

Dangote was also given a deadline of three years to repay the loan, but he repaid the loan in three months. Literature Review Corporate social responsibility CSR has increased its importance in the last years, changing the point of view from both corporate companies and social body into a close approximation that supports the involvement of society and corporation in the pursue of mutual benefit and how their actions affect and modify their image.

corporate social responsibility in nigeria today

Friedman argues that there is one and only one social responsibility of business; that is, to use its resources and engage in activities designed to increase its profit.

D, online.

Introduction on nigeria social responsiblity
Rated 7/10 based on 4 review
Download
[PDF] Corporate Social Responsibility in the Nigerian Banking Sector