Nigeria

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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

DOI: http://dx.doi.org/10.9774/GLEAF.978-1-907643-09-5_40

Publication date: June 14, 2010

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  • The World Guide to CSR: A Country-by-Country Analysis of Corporate Sustainability and Responsibility
    The World Guide to CSR is the first book to provide comparable national profiles that describe the evolution and practice of Corporate Sustainability and Responsibility (CSR) for 58 countries and 5 global regions. Each regional and national profile includes key information about the relevant CSR history, country-specific issues, trends, research and leading organisations. The purpose of the book is to give CSR professionals (including managers, consultants, academics and NGOs focusing on the social, environmental and ethical responsibilities of business) a quick reference guide to CSR in different regional and national contexts. This unique resource will be an essential acquisition for all organisations who need to benchmark their CSR strategies throughout different regions and cultures and want the best possible intelligence on the key issues and concerns relating to corporate social responsibility in all of the markets in which they operate.
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