Digital Inclusion, Corporate Social Responsibility and Sustainable Economic Development in Nigeria: An X-ray of Literature
No Thumbnail Available
Date
2024-11
Journal Title
Journal ISSN
Volume Title
Publisher
LCU
Abstract
This article examine the relationship between digital inclusion, corporate social responsibility
and sustainable economic development in Nigeria. The positive trend in advancements in
technology and widespread access to the Internet by people worldwide resulted in greater
awareness on digitalization. This study explores the evolving relationship between digital
inclusion, Corporate Social Responsibility (CSR), and sustainable economic development in
Nigeria. Utilizing a comprehensive literature review methodology, the research investigates
the interconnections among these themes through a systematic examination of peer-reviewed
journal articles, books, conference proceedings, and relevant reports from both local and
international sources. The methodology encompasses several key steps: thematic analysis,
which categorizes the literature into thematic areas, including the role of digital technologies
in economic development, the social and economic impact of CSR initiatives, and the
integration of CSR with digital inclusion for sustainable development. This thematic analysis
facilitates the identification of patterns, gaps, and areas requiring further research. The study
highlights the potential of CSR-driven digital inclusion initiatives to foster economic
empowerment, particularly for underserved groups such as women and youth. However,
significant challenges persist, including inadequate coordination between government, the
private sector, and civil society, as well as the need for more robust digital infrastructure and
skills training. While CSR efforts show promise, their long-term impact on sustainable
economic development remains under-researched. The findings of the literature review are
presented in a structured format, linking digital inclusion, CSR, and sustainable development.
The discussion emphasizes how these concepts are being applied in Nigeria to tackle economic
inequality, promote social inclusion, and achieve long-term growth. The study concludes that
for CSR initiatives to effectively contribute to digital inclusion and sustainable economic
development, a multi-stakeholder approach is essential. Also, digital inclusion allows increase
accessibility rate of the poor or previously financially excluded people to digital services and
the more likely this vulnerable groups do not opt for informal financial services, this will
stimulate sustainable economic development. It recommends that an integrated framework that
needs support from government, regulator, policymakers and financial institutions are required
to provide easier access and connection to the ideas and multifaceted elements of digital
financial inclusion. In addition, incorporating CSR practices into digital inclusion efforts will
promotes ethical and responsible use of technologies, spreading the benefits of digital resources
to both rural and urban dwellers.
Description
Keywords
CSR, Digital Inclusion, Digital Transformation, Sustainable Economic Development.