Firm donates 1.5km road to FCTA
An Abuja based indigenous construction company has donated a 1.5 kilometer asphalt road to the Federal Capital Territory Administration as part of its corporate social responsibility.
The project valued at N90 million was embarked upon by S & M Nigeria Limited at Dawaki in Bwari Area Council of the territory even as residents of the area have commended the company for the gesture.
A resident, Mr. James Udofia, told our correspondent that the indigenous firm has demonstrated commitment and corporate governance, just as he described the road project as "uncommon gesture".
He also revealed that before the intervention of the company, most developers within the area have relocated to other areas due to bad road network, stressing that with this singular gesture the value of property will increased considerably.
According to him, "honestly, when this construction work was ongoing, I thought the project was being executed by Bwari Area Council or Satellite Towns Development Department, STDD. I have given the credit to government. However, I was amazed when one of my neighbours whispered to me that a private firm is constructing the road on corporate social responsibility basis.
When contacted, the Managing Director of S & M Nigeria Limited, Solomon Ogunbusola, said the company embarked on the road project as a way of giving back to society and to promote corporate governance in the territory.
Ogunbusola, told our correspondent that the firm is poised to build a brand, arguing that despite the substance of criticism, corporate social responsibility pays off for the firm as well as for the organization's stakeholders and society.
"Being a socially responsible company can bolster a company's image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility can boost employee morale and lead to greater productivity in the workforce. Any action that a company takes to give back to society can fall under the CSR umbrella.”