CORPORATE SOCIAL RESPONSIBILITY PRACTICES IN NIGERIA: AN EXPLORATION OF SELECTED PRIVATE SECTOR ORGANISATIONS

Abstract

Agitation for societal development has been on for a long time in Nigeria. This has made many communities complain against organisations making profits in the poverty-ridden environments. It is for this reason that the communities call on the organisations to contribute to their development through corporate social responsibility (CSR) programmes. The study employed secondary methodology of desk research technique and found that organisations in the selected industries have contributed to the well-being of their communities. The study supports the position of the stakeholder theory that organisations should take care of all stakeholders and not only the shareholders. Going forward, it recommends that organizations in Nigerian industries should invest more in the area of corporate social investment as a form of CSR thereby ensuring that the people could achieve much needed development sustainably. Keywords: Corporate social responsibility, shareholder model, stakeholder model, stakeholder theory, sustainability.