Nigeria Sets Up Framework to Regulate Corporate Social Responsibility Practices

The Nigerian House of Representatives has initiated a legal framework for regulating Corporate Social Responsibility (CSR) practices in the country. A committee report has been submitted to this effect.

The Nigerian House of Representatives has initiated a move towards regulating Corporate Social Responsibility (CSR) practice through the establishment of a legal framework. Following the submission of a report by the Committee on CSR, the government is taking steps to formalize guidelines for CSR practices in the country. This development aims to enhance transparency and accountability in CSR initiatives, ensuring that companies adhere to set standards and contribute positively to national development. The proposed regulations are expected to have far-reaching implications for businesses operating in Nigeria.