Nigerian Entrepreneurship in the Twenty-First Century: Corporate Social Responsibility Challenges and Coping Strategies of Nigerian Male and Female Entrepreneurs
This chapter contributes to the burgeoning body of literature on entrepreneurship in Africa with a particular focus on Nigeria. The study explores Nigerian male and female entrepreneurs’ approach to Corporate Social Responsibility (CSR) and the coping strategies adopted in overcoming CSR-related challenges. The literature review draws on both CSR and entrepreneurship materials to arrive at a working theoretical construct for this chapter. Lincoln presents findings obtained from qualitative semi-structured interviews with sixty-four male and female entrepreneurs in Nigeria. The findings show that Nigerian entrepreneurs cited factors such as high monitoring costs, lack of efficient government and NGO institutional support, and a shortage of financial resources as major challenges encountered by entrepreneurs when engaging in CSR-related activities. The entrepreneurs cite stakeholder involvement, networking, and employee training as some of the strategies adopted to cope with their challenges. The study makes an empirical contribution to the literature by filling gaps on Nigerian entrepreneur CSR practices and provides a theoretical perspective on which future research and policy initiatives can be developed.