LEGAL ISSUES IN CORPORATE SOCIAL RESPONSIBILITY CODE IN SELECTED OIL RICH AREAS IN NIGERIA

There are potentials in subjecting the principle of corporate social responsibility to legal regimes such that by government playing its part through providing the enabling environment for the oil industry to operate, the industry must be legally bound to deliver to its society and environment. The Nigerian Content Law is considered as one of such legal regimes through which the social responsibility of the oil companies can be subjected to strict legal compliance. However, there are challenges of both the government and the industry failing to partner and deliver to the communities, and the slipshod deliveries are largely anchored on infrastructure than human capital and economic empowerment. It is concluded that since only the people can develop their communities, emphasises should be on both through a responsibility code.