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n African Journal of Business and Economic Research - State-corporate alliance : ramifications for corporate social responsibility and sustainable livelihood

Volume 3, Issue 1
  • ISSN : 1750-4554
  • E-ISSN: 1750-4562

Abstract

This article inquires into the ramifications of state-corporate alliance for corporate social responsibility and sustainable livelihoods in the Niger Delta region of Nigeria. Oil production has taken place in this region for almost five decades. Oil production is carried out through joint ventures between the Nigerian federal government and oil transnational corporations. As a country, Nigeria has benefited tremendously from the oil endowment. However, the Niger Delta region has been impoverished as a result of unmitigated oil spills and enormous environmental degradation. Over 80 percent of the oil spill incidents are man-made, and therefore avoidable. There are various laws and regulations intended to elicit the best practices in the oil industry in order to protect the environment. However, the laws have not been enforced. The lack of regulatory enforcement is attributed to the financial interest in the state-corporate alliance. A new autonomous agency is proposed to enforce the law and monitor compliance under a multi-institutional strategy to transform the region.

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/content/aa_ajber/3/1/EJC10429
2008-01-01
2019-08-19

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