Impact of corporate social responsibility on the deposit money banks in Nigeria

This work examined the effect of corporate social responsibility on the deposit money banks in Nigeria. The objective of this study is to determine the effect of corporate social responsibility on the performance of Nigerian deposit money banks. The study adopted descriptive survey design in carrying out the study. The empirical review of this study relied on the relationship between corporate social responsibility and performance of developed and developing countries deposit money banks like Nigeria. The study reveals that Social responsibility has a great impact on the society by adding to the infrastructures and development of the society. We also conclude that a company has to give back to the society in which it operates, clean up all forms of pollution it has caused in its course of operation and also provide infrastructural facilities to the society as a way of giving back and developing the society. And we recommend that corporate social responsibilities should be seen by the firm as social obligations business concerns owe their shareholders, the local (host) community, general public, customers, employees and the government in the course of operating their legitimate businesses, such that CSR should be included in the law and enforced on the firms accordingly and that Government should fix a minimum percentage of profit corporate firm should expend on corporate social responsibility activities.