Research Article | | Peer-Reviewed

Social Responsibility Accounting Practices and Sustainable National Development and Security in Nigeria

Received: 20 October 2023    Accepted: 4 December 2023    Published: 11 December 2023
Views:       Downloads:
Abstract

This study is a quest for solution to the issues of Sustainable National Development and Security in Nigeria. This is because, the political, economic, social, technological, environmental, legal, education, religious and security (PESTELERS) crises experienced in Nigeria since democratic government without doubt, made it very clear that, there is a serious problem of sustainability of Nigeria’s systems. Relying on various successive administrations despite huge expenditures have failed to yield security in the country while Sustainable Economic Development of Nigeria is worrisome. Several reports from 1996 to date have proven beyond doubt that Nigeria’s indices have been fluctuating and many at times growing worse. Thus, the main aim of this study was to examine Social Responsibility Accounting Practices as the basis for Sustainable National Development and Security of Nigeria. The specific objectives were to; find out how environmental responsibility practices, ethical responsibility practices, philanthropic responsibility practices and economic responsibility practices would influence Sustainable National Development and Security in Nigeria. This study adopted exploratory research design, an approach that is based on qualitative analysis of the concepts of corporate social responsibility practices within the context of social management of businesses, sustainable national development and security. Data were obtained specifically from reviewing of the literature, including textbooks, periodicals and a range of relevant sources, which were combined with data from previous official studies. These secondary sources and the exploratory approach help in arriving at findings. The method of analysis was explanatory in nature through adequate exegesis of the gathered information. Findings revealed that environmental responsibility practices, ethical responsibility practices, philanthropic responsibility practices and economic responsibility practices of organisations positively influence Sustainable Economic Development and National Security of Nigeria. It was concluded in the study that Social Responsibility Accounting Practices is a modern catalyst for enhancing sustainable national development and security in Nigeria. It was recommended among others that, all organisations both for-profit or not-for-profit as well as patriotic citizens should strongly practice and be committed to Social Responsibility Accounting as a key driver for the Sustainable National Development and Security. Sustainable Development and National Security should be every patriotic citizen responsibility before Nigeria becomes a lost nation.

Published in International Journal of Accounting, Finance and Risk Management (Volume 8, Issue 4)
DOI 10.11648/j.ijafrm.20230804.17
Page(s) 143-150
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Social Responsibility Accounting Practices, Sustainable Development, National Security, Nigeria

References
[1] Abdulkadir, B. A. (2021). Corporate social responsibility and environmental protection in the Nigerian energy sector: Reflection on issues and legal reform. The Journal of Sustainable Development, Law and Policy, 12(2), 332–367.
[2] Adefisan, A. K. (2014). How peace education could promote national security in Nigeria. Journal of Education, 2(12), 1-10.
[3] Adeusi, S. A. & Alade, T. E. (2021). Sustainability accounting and sustainable development in Nigeria. International Journal of Innovative Research in Accounting and Sustainability, 6(4), 138–15.
[4] Akpan, E. U. (2022). Social responsibility accounting and financial performance of listed manufacturing companies in Nigeria: A case study of Dangote Cement Plc. HND Research Project, Department of Accountancy, Akwa Ibom State Polytechnic, Ikot Ekpene, Nigeria, 66p.
[5] Aliyu, B. M. (2012). The Search for National Security in Nigeria: Challenges and Prospects. Lagos: Government Press.
[6] Ayandele, A. A. (2023). Wrong diagnosis and policy somersaults: The bane of Nigeria’s development strides. University of Uyo 93rd Inaugural Lecture, 31 August, 177pp.
[7] Amponsah-Tawiah, K. & Mensah, J. (2015). Exploring the link between corporate social responsibility and health and safety in the mines. Journal of Global Responsibility, 6(1), 65–79.
[8] Ayalew, B. M. (2018). Corporate social responsibility practices, determinants and challenges; theoretical and empirical lesson for effective and successful engagement. Journal of Investment and Management, 7 (6), 157-165.
[9] Carroll, A. B. (1991). The pyramid of corporate social responsibility: toward the moral management of organizational stakeholders. Business Horizons, 34 (4), 39-48.
[10] Carroll, A. B. (1999). Corporate social responsibility: evaluation of a definitional construct. Business and Society, 38(3), 268-295.
[11] Carroll, A. B. (2016). Carroll’s pyramid of CSR: taking another look. International Journal of Corporate Social Responsibility, 1(3), 1–8.
[12] Ebuara, V. O. & Ebaye, S. E. N. (2018). The question of national security, and the sustainability of the development of Nigerian’s North-East, Geo-Political Zone. International Journal of Political Science (IJPS), 4(1), 1–7.
[13] Effiong, I. H. & Udo, E. J. (2022). Re-engineering the public sector administrative and financial management for sustainable development in Nigeria. IOSR Journal of Business and Management (IOSR-JBM), 24 (10, VI), 1–14.
[14] Efimova, E., Lukashenok, T. & Prostova, D. (2021). Economic security as the basis for sustainable development of the territories of different levels. SHS Web of Conferences 128, (04011), 1–6.
[15] Fedorov, G. M., Voloshenko, K. Y., & Gorochnaya, V. V. (2021). Problems of Economic Security in the Regions of the Western Frontier of Russia: Monograph.
[16] Freeman, R. E. (1984). Strategic Management: A Stakeholder Approach. Boston, MA: Pitman.
[17] Frynas, J. G. & Stephens, S. (2015). Political corporate social responsibility: Reviewing theories and setting.
[18] Frynas, J. G. (2006). Introduction: Corporate social responsibility in emerging economies. Journal of Corporate Citizenship, 2006 (24), 16-19.
[19] Huynh, Q. L. (2020). Impact of environmental responsibility and performance on organizational performance: Importance of environmental performance. International Journal of Energy Economics and Policy, 10(6), 100–108.
[20] Hwang, J., Kim, J. J. & Lee, S. (2020). The importance of philanthropic corporate social responsibility and its impact on attitude and behaviour intentions: The moderating role of the Barista disability status. MDPI Journal of Sustainability, 12(6235), 1 -17.
[21] Lindgreen, A., Swaen, V. & Campbell, T. T. (2010). Corporate Social Responsibility Practices in Developing and Transitional Countries: Botswana and Malawi. Journal of Business Ethics, 33(3), 429–440.
[22] Nagesha, N. & Hillemane, B. S. M. (2006). Energy efficiency for sustainable development of small industry clusters; What factors influence it? International Journal of Economic Policy Studies, 1(1), 1- 7.
[23] Ojo, G. (2016). Environmental justice struggles Ogoni: No more delays clean up now. Environmental Impact, (A Newsletter of Environmental Rights Action/Friends of The Earth Nigeria), 28, 1-15, July.
[24] Okeke, A. (2013). National Security and the Development of Nigeria Society for Sustainability. Enugu: Nwani Press.
[25] Omiunu, O. G. (2017). Deploying ict to enhance small businesses and achieving sustainable development: A paradigm to reducing poverty and unemployment and enhancing a sustainable national development in Nigeria. Handbook of Research on Small and Medium Enterprises in Developing Countries, 25pp.
[26] Pratima, B. (2002). The corporate challenges of sustainable development. Academy of Management Executive, 16(2), 122-132.
[27] SERAP, Socio-Economic Rights & Accountability Project, (2022). Promoting Transparency and Accountability in Ministries, Departments and Agencies in Nigeria. Lagos: SERAP Publications, 51p.
[28] Singh, A. K. (2015). Concept of national security: An overview. Journal of emerging technologies and innovative research (JETIR), 2(12), 1920 – 1924.
[29] Udo, E. J. (2019). Environmental accounting disclosure practices in annual reports of listed oil and gas companies in Nigeria. International Journal of Accounting & Finance (IJAF), 8(1), 2–21.
[30] Udo, E. J. (2023). Social responsibility accounting practices as basis for sustainable economic development and national security in Nigeria. Conference Paper, Academic Staff Union of Polytechnic (ASUP), Zone D 6th National Conference, Ken Saro-wiwa Polytechnic, Rivers State, February 2 – 3, 13p.
[31] UNESCO (2005). Education Webmaster. World conference on education framework and action, 4th October 2003.
[32] WBCSB, World Business Council for Sustainable Development (2001). How we drive sustainable development. https://www.wbcsd.org.
Cite This Article
  • APA Style

    Nnaemeka Chukwuekezie, M., John Udo, E. (2023). Social Responsibility Accounting Practices and Sustainable National Development and Security in Nigeria. International Journal of Accounting, Finance and Risk Management, 8(4), 143-150. https://doi.org/10.11648/j.ijafrm.20230804.17

    Copy | Download

    ACS Style

    Nnaemeka Chukwuekezie, M.; John Udo, E. Social Responsibility Accounting Practices and Sustainable National Development and Security in Nigeria. Int. J. Account. Finance Risk Manag. 2023, 8(4), 143-150. doi: 10.11648/j.ijafrm.20230804.17

    Copy | Download

    AMA Style

    Nnaemeka Chukwuekezie M, John Udo E. Social Responsibility Accounting Practices and Sustainable National Development and Security in Nigeria. Int J Account Finance Risk Manag. 2023;8(4):143-150. doi: 10.11648/j.ijafrm.20230804.17

    Copy | Download

  • @article{10.11648/j.ijafrm.20230804.17,
      author = {Magnus Nnaemeka Chukwuekezie and Ekubiat John Udo},
      title = {Social Responsibility Accounting Practices and Sustainable National Development and Security in Nigeria},
      journal = {International Journal of Accounting, Finance and Risk Management},
      volume = {8},
      number = {4},
      pages = {143-150},
      doi = {10.11648/j.ijafrm.20230804.17},
      url = {https://doi.org/10.11648/j.ijafrm.20230804.17},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20230804.17},
      abstract = {This study is a quest for solution to the issues of Sustainable National Development and Security in Nigeria. This is because, the political, economic, social, technological, environmental, legal, education, religious and security (PESTELERS) crises experienced in Nigeria since democratic government without doubt, made it very clear that, there is a serious problem of sustainability of Nigeria’s systems. Relying on various successive administrations despite huge expenditures have failed to yield security in the country while Sustainable Economic Development of Nigeria is worrisome. Several reports from 1996 to date have proven beyond doubt that Nigeria’s indices have been fluctuating and many at times growing worse. Thus, the main aim of this study was to examine Social Responsibility Accounting Practices as the basis for Sustainable National Development and Security of Nigeria. The specific objectives were to; find out how environmental responsibility practices, ethical responsibility practices, philanthropic responsibility practices and economic responsibility practices would influence Sustainable National Development and Security in Nigeria. This study adopted exploratory research design, an approach that is based on qualitative analysis of the concepts of corporate social responsibility practices within the context of social management of businesses, sustainable national development and security. Data were obtained specifically from reviewing of the literature, including textbooks, periodicals and a range of relevant sources, which were combined with data from previous official studies. These secondary sources and the exploratory approach help in arriving at findings. The method of analysis was explanatory in nature through adequate exegesis of the gathered information. Findings revealed that environmental responsibility practices, ethical responsibility practices, philanthropic responsibility practices and economic responsibility practices of organisations positively influence Sustainable Economic Development and National Security of Nigeria. It was concluded in the study that Social Responsibility Accounting Practices is a modern catalyst for enhancing sustainable national development and security in Nigeria. It was recommended among others that, all organisations both for-profit or not-for-profit as well as patriotic citizens should strongly practice and be committed to Social Responsibility Accounting as a key driver for the Sustainable National Development and Security. Sustainable Development and National Security should be every patriotic citizen responsibility before Nigeria becomes a lost nation.
    },
     year = {2023}
    }
    

    Copy | Download

  • TY  - JOUR
    T1  - Social Responsibility Accounting Practices and Sustainable National Development and Security in Nigeria
    AU  - Magnus Nnaemeka Chukwuekezie
    AU  - Ekubiat John Udo
    Y1  - 2023/12/11
    PY  - 2023
    N1  - https://doi.org/10.11648/j.ijafrm.20230804.17
    DO  - 10.11648/j.ijafrm.20230804.17
    T2  - International Journal of Accounting, Finance and Risk Management
    JF  - International Journal of Accounting, Finance and Risk Management
    JO  - International Journal of Accounting, Finance and Risk Management
    SP  - 143
    EP  - 150
    PB  - Science Publishing Group
    SN  - 2578-9376
    UR  - https://doi.org/10.11648/j.ijafrm.20230804.17
    AB  - This study is a quest for solution to the issues of Sustainable National Development and Security in Nigeria. This is because, the political, economic, social, technological, environmental, legal, education, religious and security (PESTELERS) crises experienced in Nigeria since democratic government without doubt, made it very clear that, there is a serious problem of sustainability of Nigeria’s systems. Relying on various successive administrations despite huge expenditures have failed to yield security in the country while Sustainable Economic Development of Nigeria is worrisome. Several reports from 1996 to date have proven beyond doubt that Nigeria’s indices have been fluctuating and many at times growing worse. Thus, the main aim of this study was to examine Social Responsibility Accounting Practices as the basis for Sustainable National Development and Security of Nigeria. The specific objectives were to; find out how environmental responsibility practices, ethical responsibility practices, philanthropic responsibility practices and economic responsibility practices would influence Sustainable National Development and Security in Nigeria. This study adopted exploratory research design, an approach that is based on qualitative analysis of the concepts of corporate social responsibility practices within the context of social management of businesses, sustainable national development and security. Data were obtained specifically from reviewing of the literature, including textbooks, periodicals and a range of relevant sources, which were combined with data from previous official studies. These secondary sources and the exploratory approach help in arriving at findings. The method of analysis was explanatory in nature through adequate exegesis of the gathered information. Findings revealed that environmental responsibility practices, ethical responsibility practices, philanthropic responsibility practices and economic responsibility practices of organisations positively influence Sustainable Economic Development and National Security of Nigeria. It was concluded in the study that Social Responsibility Accounting Practices is a modern catalyst for enhancing sustainable national development and security in Nigeria. It was recommended among others that, all organisations both for-profit or not-for-profit as well as patriotic citizens should strongly practice and be committed to Social Responsibility Accounting as a key driver for the Sustainable National Development and Security. Sustainable Development and National Security should be every patriotic citizen responsibility before Nigeria becomes a lost nation.
    
    VL  - 8
    IS  - 4
    ER  - 

    Copy | Download

Author Information
  • Keystone Bank, Uyo, Nigeria

  • Department of Accountancy, School of Business and Management, Akwa Ibom State Polytechnic, Ikot Osurua, Ikot Ekpene, Nigeria

  • Sections