Corporate social responsibility by petroleum companies and its impact on the livelihood of the population in bamuso subdivision

Corporate Social Responsibility (CSR) is a concept that has attracted worldwide attention and acquired a new resonance in the global economy. The aim of this study has been to evaluate the effectiveness of the Corporate Social Responsibility of petroleum companies that are engaged in the extraction of minerals in Bamusso Sub-Division. To realize this goal, participant observation, in-depth interviews, and semi-structured questionnaires were used as instruments to collect data, prior to the qualitative and quantitative analysis of the data. The study found that there is no functional relationship between petroleum companies and local stakeholders and that the level of social corporate responsibility is low. The study further found that the livelihood of the inhabitants has not improved significantly due to CRS of petroleum companies rather lots of negative effects from the extraction activities have befallen the inhabitants. Also, Petroleum companies do not effectively fulfill and carry out their intended socio-economic and environmental responsibilities toward the local population. The findings in this study caused a suggestion that the government should ensure companies perform their corporate social responsibilities to the communities and that Petroleum Companies when operating in a community should provide sustainable social amenities to contribute to local development.