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Corporate Social Responsibility (CSR) in Nigeria: western mimicry ...

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Page21of44PR. The questions were also brief and straight to the po<strong>in</strong>t (see sample<strong>in</strong> the appendix section).The second leg of the research maps the outcome of the <strong>in</strong>terviews onone of the key sectors of the economy <strong>in</strong> order to validate the firststage. In this case, the f<strong>in</strong>ancial services sector (especially banks) waschosen because it is about 90 percent owned and run by <strong>in</strong>digenousentrepreneurs. It is anticipated that this sector will provide a muchmore succ<strong>in</strong>ct <strong>in</strong>digenous mean<strong>in</strong>g and practice of <strong>CSR</strong> <strong>in</strong> the <strong>Nigeria</strong>neconomy than manufactur<strong>in</strong>g, telecoms and oil/gas sectors,respectively, which have significant presence of mult<strong>in</strong>ational firms.This part of the study was based on <strong>CSR</strong> web report<strong>in</strong>g of the firms <strong>in</strong>this sector <strong>in</strong> l<strong>in</strong>e with similar studies <strong>in</strong> this area (Chapple and Moon,2005).The <strong>Nigeria</strong>n bank<strong>in</strong>g sector has recently undergone a consolidationwhereby exist<strong>in</strong>g 90 banks pre December 2005 were reduced to only25 banks. As such the sector is still caught up <strong>in</strong> after-merger-trauma.Although it could be argued that <strong>CSR</strong> report<strong>in</strong>g ‘…is not necessarily areflection of <strong>CSR</strong> policies and practice’ (Chapple and Moon, 2005); aswould be expected, issues like <strong>CSR</strong> would be amongst the first to be

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