The Effect of Corporate Social Responsibility on the Socio-Economic Development of Host Communities: A Case Study of Mobil Producing Nigeria Unlimited

Corporate Social Responsibility (CSR) reflects the impact of business activities on societal growth, particularly socio-economic and political development. While many organizations claim to practice CSR, there is little evidence to show expected improvements in host community. This study therefore investigates the effect of CSR on socio-economic development in three oil-producing communities in Nigeria’s Niger Delta, focusing on Mobil’s initiatives. The study was undertaken using a descriptive survey design. data were collected from 400 respondents, drawn from a population of 10,000, using structured questionnaires and analyzed with SPSS. A statistically strong and significant relationship was discovered using Correlation analysis (r = 0.922, p = 0.001) between philanthropic responsibilities and community development, while regression analysis confirmed their significant predictive value. The study concludes that strategically implemented CSR initiatives can enhance both community development and corporate performance. It recommends that CSR should be institutionalized, adequately funded, and aligned with regulatory requirements. Additionally, Mobil’s management is also encouraged to integrate community involvement and participation into the selection, planning, and implementation of CSR programs to ensure their relevance and sustainability.