Abstract:Nigeria has a population of about 140 million and is rich in natural and human resources. Despite its rich natural resources, Nigeria has a per capita income of less than USD1,000 per annum and a life expectancy of 45 years (World Bank 2006). The country suffers from poor infrastructure (bad roads, poor power supply etc.) and the education system is under-funded, with a literacy rate around 40%. The doctor:patient ratio is almost 1:1,000. The public sector is very weak and corruption threatens to crumble the country. The three major sectors of the economy are oil and gas, financial services and telecommunications. These sectors co-exist with thriving traditional agricultural and trading economies. This context of poverty, poor infrastructure and weak institutions provides a fertile ground for some multinational corporations (MNCs) in Nigeria to engage in CSR in order to make up for failures of governance by the government and at the same time protect their business interests in the country (Amaeshi et al. 2006).
Document Type: Research Article
Publication date: June 14, 2010