The Impact of Corporate Social Responsibility on Rural Development in Nigeria. An Example From Presco Plc, Edo State
The Impact of Corporate Social Responsibility on Rural Development in Nigeria. An Example From Presco Plc, Edo State

Summary/Abstract: All over the world, corporate social responsibility is an integral part of development at national and sub-national. It is expected that industrial activities and operation will lead to improved socioeconomic development in the areas where such industries are situated. It was on this premise that this study investigated the impact of corporate social responsibility on rural infrastructural development in Nigeria, an example from PRESCO PLC in Obaretin Community in Edo state, Nigeria. A total of 291 respondents were selected employing systematic random sampling for this study. A simple descriptive analytical approach was utilized to address the research questions of interest. The results of the study indicated that more of the respondents agreed that the establishment of PRESCO contributed in alleviating poverty in the host community. Further findings revealed that PRESCO’s corporate social responsibility impacted greatly to a high extent, on the host community. The study however, found that majority of the respondents agreed that establishment of PRESCO brought about high infrastructural development to the host community. Furthermore, it was found that an overwhelming majority of the responses were of the view that PRESCO had provided employment to host community to at least a high extent. It was recommended amongst others, that the company should scale up her provision of basic facilities, endeavor to continuously initiate programmes that will support and promote small scale businesses in the area, and improve social and economic development of host community.

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