TOWARDS ENSURING ETHICAL AND SOCIAL RESPONSIBILITIES FOR SUSTAINABLE ENTREPRENEURSHIP DEVELOPMENT AND OPERATIONS IN NIGERIA

Cite this:
Igwe, Kingsley Ogazi*, Idike, Ifeanyi Matthew. (2020). TOWARDS ENSURING ETHICAL AND SOCIAL RESPONSIBILITIES FOR SUSTAINABLE ENTREPRENEURSHIP DEVELOPMENT AND OPERATIONS IN NIGERIA. Innovative Journal of Business and Management, 9(06), 224–230. Retrieved from https://innovativejournal.in/index.php/ijbm/article/view/3033
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Abstract

This paper is on towards ensuring ethical and social responsibilities for sustainable
entrepreneurial development and operations in Nigeria. It uncovers ways of ensuring
ethical and social responsibilities for sustainable entrepreneurial development and
operations in Nigeria. The paper observes some of unethical business practices in
Nigeria. It also observes effects of unethical practices against the growth and development
of sustainable entrepreneurial development. The paper posits that as Nigeria
makes renewed attempts at encouraging the growth of entrepreneurship due to global
economic uncertainties, it has become imperative on Nigerian entrepreneurs to take
ethical practices and social responsibilities more seriously in an emerging dispensation
of global moral order. The paper concludes by identifying critical business ethical issues
that Nigerian entrepreneurs must imbibe for sustainable entrepreneurial development
and operation. Based on this the paper recommended that federal government should
embark on massive sensitization campaign of the public on the dangers of unethical
business practices in Nigeria, business regulatory bodies and agencies of government
should ensure that the rights of producers over the consumers are strictly protected
likewise, the right of consumers over the producers are also protected and government
should provide adequate laws with stiffer penalties on violations of business ethics and
code of conduct should be strengthened.
Key words: Ethical–Social Responsibility–Entrepreneur–Sustainable Development

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