Engaging Corporate Social Responsibility (CSR) and Publicprivate Partnerships (Ppps) for Nigeria’s Human Capital Development

Abstract

In most civilized cultures, payback is normally required when an individual(s),
agency or organisation has benefitted immensely or enjoys considerable
patronage from a particular socio-cultural environment. Globally, companies
and organisations contribute their quota to national development by
intervening in deficient areas and also by taking up some social responsibilities
like offering educational sponsorships to indigent members of the community
and providing infrastructural support. Even though corporate agencies in
Nigeria also get so involved, it is the contention of this paper that a lot more
can be done utilizing extraneous tracks such as CSR and PPPs to fast track
Nigeria’s human capital development. For instance, it is suggested that a
pragmatic CSR and PPPs system needs to be put in place that will ensure that a symbiotic relationship exists between the public and the private sectors
in addressing specific areas of need in tertiary education. Firms and multinational agencies should initiate more PPPs in higher education to help in
achieving Nigeria’s vision 20-20-20