Corporate Social Responsibility by Public Sector Entities in Nigeria
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Date
2017-01
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Publisher
Amity Business Journal
Abstract
Corporate Social Responsibilities (CSR) of private entities are being addressed continuously by academics and professionals based on various theoretical standpoints. It is significant, however, to note that consideration is not given to CSR activities by Public Sector Entities (PSEs). Public Sector Entities are established through enacted laws in a particular jurisdiction, to perform specified functions of the state. they are not for profit making, therefore, they are part of government means of delivering social goods. It is observed the PSEs engage in CSR activities in Nigeria. This study assesses the rational for CSR activities by these entities based on the various theoretical points of view, the laws establishing the entities and stakeholders opinion. The study reviewed the general Law relevant to Nigerian public sector entities in this regard. The study also collected data through administration of questionnaires, on a Likert Scale of 1 - 5, which was analyzed using Wilcoson sign rank test of difference between rank of population mean and sample mean. The study found out that activities of PSEs are as prescribed by their establishing Law/regulations therefore CSRs may not be possible if not provided for in the Laws. The study however found out that PSEs do embark on CSR activities. It was also found that some PSE laws gave allowance for such and it is supported by stakeholders. Based on the findings, the study recommends that relevant CSR activities should be encouraged for public sector entities and that CSR provision should be included within the laws of relevant entities to among other things regulate the deployment of the activities and to prevent abuse.
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Keywords
Corporate social responsibility, Public sector entities, Public sector rules & laws, Public sector responsibilities