Citation:

Udegbe Scholastica Ebarefimia. "Corporate Social Responsibility and Sustainable Development in Nigeria: A Study of Selected Multinational Corporations (MNCs)" International Research Journal of Economics and Management Studies, Vol. 3, No. 1, pp. 273-280, 2024.

Abstract:

The aim of this research was to examine the degree to which multinational corporations operating in Nigeria have employed corporate social responsibility, or CSR, to assist Nigerians in overcoming the challenges associated with attaining the 2030 sustainable development goals. Nigeria is coping with a number of legal, cultural, political, social, and economic challenges. Many people still live in abject poverty and inhabitable conditions. Diverse ideas and opinions about how multinational corporations (MNCs) might help resolve these problems have surfaced as they become worse. Additionally, CSR has been mentioned as a way for international businesses to support Nigeria in overcoming these challenges related to sustainable development. In terms of financial resources, expertise, and resources, multinational corporations (MNCs) are better equipped to address these societal issues than ordinary Nigerian companies. It is also evident that researchers have not fully assessed how much MNCs' social responsibility initiatives advance sustainable development objectives. Moreover, not enough focus has been placed on how multinational businesses (MNCs) may incorporate CSR into their business plans to support sustainable development. Therefore, the goal of this study is to close that disparity. To test the application of the researched "constructs," a contextualized and literature-based research instrument was used in this study. Applying the survey approach, 100 respondents from four multinational corporations (MNCs) in Nigeria provided sample data for the study. Ninety-six of the administered questionnaires were deemed viable, indicating an effective response rate of 96%. Positive proof of the research instrument's validity and reliability was shown. After data were evaluated, the study's conclusion clearly indicates that multinational corporations (MNCs) operate in Nigeria; nevertheless, it neglects to emphasize the use of CSR to assist Nigerians in overcoming the challenges associated with reaching the 2030 sustainable development objectives. The research's findings and feedback will contribute to our understanding of how much Nigerian MNCs prioritize the many facets of corporate social responsibility (CSR) in order to achieve the SDGs. The study will also operate as a manual for scholars and practitioners in other developing nations.

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Keywords:

Corporate Social Responsibility; Sustainable Development; Nigeria; Multinational Corporations.