Al-Hikmah University Journal


Al-Hikmah University Central Journal

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

Monsur, O. Jimoh:Department of Business and Entrepreneurship, Kwara State University, Malete, Nigeria; E-mail: jimohmonsur@gmail.com, 08034112529 Shuaib, O. Olajire: Department of Management and Accounting, Ladoke Akintola University of Technology, Ogbomoso, Oyo State; E-mail: soolajire@lautech.edu.ng, 07050876100 & Mary, A. Adeoye: Department of Management and Accounting, Ladoke Akintola University of Technology, Ogbomoso, Oyo State; E-mail:maonayemi@lautech.edu.ng, 08038082029

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

Keywords: : Corporate Social Responsibility, Social Amenities, Social Causes, Community Development
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