CORPORATE SOCIAL RESPONSIBILITY AND SUSTAINABLE ECONOMIC GROWTH IN OJO, LAGOS STATE, NIGERIA

Abstract

Corporate Social Responsibility (CSR) is a driving force for sustainable economic growth in the context of increasing global emphasis on ethical business practices and social accountability. CSR initiatives contribute not only to corporate profitability but also to broader societal wellbeing. Despite the growing recognition of the importance of CSR, many organizations in Ojo Lagos State, Nigeria struggles to effectively integrate social and environmental considerations into their economic strategies, leading to challenges in achieving truly sustainable growth. Through an explorative method, the study explores case studies and empirical data, the research evaluates the impact of CSR initiatives on economic development, social wellbeing, and environmental sustainability. The study examines various CSR strategies implemented by organizations across different sectors and assesses their impact on economic development, environmental sustainability, and social equity. Findings reveal the importance of embedding CSR into core business models to achieve long-term economic sustainability while addressing global challenges such as inequality and environmental degradation. This paper contributes to the ongoing discourse on aligning economic objectives with social values, offering actionable insights for policymakers, business leaders, and researchers committed to sustainable development.