CORPORATE SOCIAL RESPONSIBILITY FUNDING AND AGRICULTURAL DEVELOPMENT IN AKWA IBOM STATE
Sr No:
Page No:
19-32
Language:
English
Authors:
Christiana Sunday Asangusung*
Received:
2025-09-11
Accepted:
2025-09-27
Published Date:
2025-10-02
Abstract:
This study investigated the relationship between corporate social responsibility (CSR)
initiatives and agricultural development, with specific focus on ExxonMobil in Mkpanak, Ibeno
Local Government Area of Akwa Ibom State, Nigeria. Guided by three objectives, research
questions, and null hypotheses, the study employed a descriptive survey design. The population
comprised 100 respondents, including 60 fishermen and 40 ExxonMobil staff, from which a
sample of 70 (40 fishermen and 30 staff) was selected using the Yaro Yamane formula. Data
were collected through two sets of researcher-designed questionnaires and analyzed using the
Statistical Package for Social Sciences (SPSS). Descriptive statistics (percentages) were used to
address the research questions, while Pearson‟s Product Moment Correlation (PPMC) was
applied in testing the hypotheses.
Findings revealed a low relationship between the provision of fishing equipment by ExxonMobil
and agricultural development, a moderate relationship between empowerment projects and
agricultural development, and a very low relationship between oil spill compensation and
agricultural development. The study concludes that ExxonMobil‟s CSR interventions have not
significantly advanced agricultural development in Mkpanak. It is recommended that
ExxonMobil strengthen its CSR strategies by prioritizing sustainable agricultural support
programs and ensuring equitable implementation of community development initiatives.
Keywords:
Corporate Social Responsibility, Agricultural Development, Empowerment Projects, Oil Spill Compensation, Fishing Equipment, ExxonMobil, Akwa Ibom State, Nigeria