ANALYSIS OF THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON THE SOCIAL DEVELOPMENT IN OYO STATE, NIGERIA

Abstract

The research intends to find out how corporate social responsibility activities (basic social 
amenities, social causes, and compensation to community members) enhance community 
development in Oyo State. Sumal Food Limited in Oyo State claims that they are doing 
enough in terms of bringing development to the communities as part of their corporate social 
responsibility, yet the host communities remain hostile and constantly at variance with the 
company. At a point in time, data were collected from the primary source. The Ordinary 
Least Square was adopted and finding reveals that corporate social responsibility has a 
significant relationship with community development in Oyo State. It is therefore 
recommended that CSR activities like basic social amenities, social causes, and 
compensation to community members and policies regarding these CRS should be improved 
to enable Sumal Food Limited to operate freely in the community and add to their 
development. The CSR activities that is been performed by Sumal Food Limited in Oyo State 
should be appreciated by the communities and encouraged them to do more in the future