International Journal of Accounting, Finance and Risk Management

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Social Responsibility Accounting Practices and Sustainable National Development and Security in Nigeria

Received: 20 October 2023    Accepted: 4 December 2023    Published: 11 December 2023
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Abstract

This study is a quest for solution to the issues of Sustainable National Development and Security in Nigeria. This is because, the political, economic, social, technological, environmental, legal, education, religious and security (PESTELERS) crises experienced in Nigeria since democratic government without doubt, made it very clear that, there is a serious problem of sustainability of Nigeria’s systems. Relying on various successive administrations despite huge expenditures have failed to yield security in the country while Sustainable Economic Development of Nigeria is worrisome. Several reports from 1996 to date have proven beyond doubt that Nigeria’s indices have been fluctuating and many at times growing worse. Thus, the main aim of this study was to examine Social Responsibility Accounting Practices as the basis for Sustainable National Development and Security of Nigeria. The specific objectives were to; find out how environmental responsibility practices, ethical responsibility practices, philanthropic responsibility practices and economic responsibility practices would influence Sustainable National Development and Security in Nigeria. This study adopted exploratory research design, an approach that is based on qualitative analysis of the concepts of corporate social responsibility practices within the context of social management of businesses, sustainable national development and security. Data were obtained specifically from reviewing of the literature, including textbooks, periodicals and a range of relevant sources, which were combined with data from previous official studies. These secondary sources and the exploratory approach help in arriving at findings. The method of analysis was explanatory in nature through adequate exegesis of the gathered information. Findings revealed that environmental responsibility practices, ethical responsibility practices, philanthropic responsibility practices and economic responsibility practices of organisations positively influence Sustainable Economic Development and National Security of Nigeria. It was concluded in the study that Social Responsibility Accounting Practices is a modern catalyst for enhancing sustainable national development and security in Nigeria. It was recommended among others that, all organisations both for-profit or not-for-profit as well as patriotic citizens should strongly practice and be committed to Social Responsibility Accounting as a key driver for the Sustainable National Development and Security. Sustainable Development and National Security should be every patriotic citizen responsibility before Nigeria becomes a lost nation.

DOI 10.11648/j.ijafrm.20230804.17
Published in International Journal of Accounting, Finance and Risk Management (Volume 8, Issue 4, December 2023)
Page(s) 143-150
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Social Responsibility Accounting Practices, Sustainable Development, National Security, Nigeria

References
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  • APA Style

    Nnaemeka Chukwuekezie, M., John Udo, E. (2023). Social Responsibility Accounting Practices and Sustainable National Development and Security in Nigeria. International Journal of Accounting, Finance and Risk Management, 8(4), 143-150. https://doi.org/10.11648/j.ijafrm.20230804.17

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    ACS Style

    Nnaemeka Chukwuekezie, M.; John Udo, E. Social Responsibility Accounting Practices and Sustainable National Development and Security in Nigeria. Int. J. Account. Finance Risk Manag. 2023, 8(4), 143-150. doi: 10.11648/j.ijafrm.20230804.17

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    AMA Style

    Nnaemeka Chukwuekezie M, John Udo E. Social Responsibility Accounting Practices and Sustainable National Development and Security in Nigeria. Int J Account Finance Risk Manag. 2023;8(4):143-150. doi: 10.11648/j.ijafrm.20230804.17

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  • @article{10.11648/j.ijafrm.20230804.17,
      author = {Magnus Nnaemeka Chukwuekezie and Ekubiat John Udo},
      title = {Social Responsibility Accounting Practices and Sustainable National Development and Security in Nigeria},
      journal = {International Journal of Accounting, Finance and Risk Management},
      volume = {8},
      number = {4},
      pages = {143-150},
      doi = {10.11648/j.ijafrm.20230804.17},
      url = {https://doi.org/10.11648/j.ijafrm.20230804.17},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20230804.17},
      abstract = {This study is a quest for solution to the issues of Sustainable National Development and Security in Nigeria. This is because, the political, economic, social, technological, environmental, legal, education, religious and security (PESTELERS) crises experienced in Nigeria since democratic government without doubt, made it very clear that, there is a serious problem of sustainability of Nigeria’s systems. Relying on various successive administrations despite huge expenditures have failed to yield security in the country while Sustainable Economic Development of Nigeria is worrisome. Several reports from 1996 to date have proven beyond doubt that Nigeria’s indices have been fluctuating and many at times growing worse. Thus, the main aim of this study was to examine Social Responsibility Accounting Practices as the basis for Sustainable National Development and Security of Nigeria. The specific objectives were to; find out how environmental responsibility practices, ethical responsibility practices, philanthropic responsibility practices and economic responsibility practices would influence Sustainable National Development and Security in Nigeria. This study adopted exploratory research design, an approach that is based on qualitative analysis of the concepts of corporate social responsibility practices within the context of social management of businesses, sustainable national development and security. Data were obtained specifically from reviewing of the literature, including textbooks, periodicals and a range of relevant sources, which were combined with data from previous official studies. These secondary sources and the exploratory approach help in arriving at findings. The method of analysis was explanatory in nature through adequate exegesis of the gathered information. Findings revealed that environmental responsibility practices, ethical responsibility practices, philanthropic responsibility practices and economic responsibility practices of organisations positively influence Sustainable Economic Development and National Security of Nigeria. It was concluded in the study that Social Responsibility Accounting Practices is a modern catalyst for enhancing sustainable national development and security in Nigeria. It was recommended among others that, all organisations both for-profit or not-for-profit as well as patriotic citizens should strongly practice and be committed to Social Responsibility Accounting as a key driver for the Sustainable National Development and Security. Sustainable Development and National Security should be every patriotic citizen responsibility before Nigeria becomes a lost nation.
    },
     year = {2023}
    }
    

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    AB  - This study is a quest for solution to the issues of Sustainable National Development and Security in Nigeria. This is because, the political, economic, social, technological, environmental, legal, education, religious and security (PESTELERS) crises experienced in Nigeria since democratic government without doubt, made it very clear that, there is a serious problem of sustainability of Nigeria’s systems. Relying on various successive administrations despite huge expenditures have failed to yield security in the country while Sustainable Economic Development of Nigeria is worrisome. Several reports from 1996 to date have proven beyond doubt that Nigeria’s indices have been fluctuating and many at times growing worse. Thus, the main aim of this study was to examine Social Responsibility Accounting Practices as the basis for Sustainable National Development and Security of Nigeria. The specific objectives were to; find out how environmental responsibility practices, ethical responsibility practices, philanthropic responsibility practices and economic responsibility practices would influence Sustainable National Development and Security in Nigeria. This study adopted exploratory research design, an approach that is based on qualitative analysis of the concepts of corporate social responsibility practices within the context of social management of businesses, sustainable national development and security. Data were obtained specifically from reviewing of the literature, including textbooks, periodicals and a range of relevant sources, which were combined with data from previous official studies. These secondary sources and the exploratory approach help in arriving at findings. The method of analysis was explanatory in nature through adequate exegesis of the gathered information. Findings revealed that environmental responsibility practices, ethical responsibility practices, philanthropic responsibility practices and economic responsibility practices of organisations positively influence Sustainable Economic Development and National Security of Nigeria. It was concluded in the study that Social Responsibility Accounting Practices is a modern catalyst for enhancing sustainable national development and security in Nigeria. It was recommended among others that, all organisations both for-profit or not-for-profit as well as patriotic citizens should strongly practice and be committed to Social Responsibility Accounting as a key driver for the Sustainable National Development and Security. Sustainable Development and National Security should be every patriotic citizen responsibility before Nigeria becomes a lost nation.
    
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Author Information
  • Keystone Bank, Uyo, Nigeria

  • Department of Accountancy, School of Business and Management, Akwa Ibom State Polytechnic, Ikot Osurua, Ikot Ekpene, Nigeria

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