Corporate social responsibility and Chinese oil multinationals in the oil and gas industry of Nigeria: a reappraisal
Eghosa Osa Ekhator
(University of Chester)
Paper short abstract:
An overview of the CSR practices by Chinese oil companies operation in the oil and gas sector of Nigeria.
Paper long abstract:
This paper will focus on the extant Corporate Social Responsibility practices in the oil and gas industry in Nigeria. The oil and gas sector of Nigeria has been beset by a lot of problems not limited to violence, kidnappings, eco-terrorism, and maladministration amongst others. One way of curing the inherent problems is the use of CSR by many oil Multinational Corporations (MNCs) operating in Nigeria. This paper will focus on the Chinese oil firms operating in the oil and gas industry in Nigeria and investigate if they operate on the same basis as the western firms. This paper will seek to investigate if the variants of CSR practised by non-western firms in Nigeria have had negative or positive impacts in the oil and gas industry especially with China's contribution to Nigerian economy. For example, from about $2 billion in 2000, trade between China and Nigeria rose to around $18 billion in 2010 and between 2003 and 2009, Nigeria was second largest recipient in Africa (second to South Africa) of foreign direct investment from China. Also is Nigeria better suited for CSR practices from companies China or the West? This paper will seek to answer this connundrum.
Multinational enterprises in Africa: corporate governance, social responsibility and risk management