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THE IMPACTS OF MULTINATIONAL CORPORATIONS TO THE NIGERIAN ECONOMY
Abstract: The main focus of this paper is to examine the influence of multi-national co-operations in the economic development of Nigeria. That is, how it has affected the Nigerian economy. MNC’s are agent of development in the sense that they constitute the source of capital investment, employment for the people, technological transfer etc. The paper analyses how MNCs has served as agents of imperialism in any economy where they operate. Most researchers believe that the MNCs are exploitative as natural resources found in developing countries such as in Nigeria meant for its development are not productively utilized due to de-capitalization of the economy in form of profit repatriation. It argues however that in spite of the negative activities of MNCs however, they contribute positively in the areas of technological development and creation of employment opportunities. In this regard, the objective of this work is to ascertain the extent of involvement of multi-national co-operations in the economic development of Nigeria by examining the nature, objective and operations of MNCs to the Nigerian economy.
Keywords: Multinational Corporations, (CSR) Corporate Social Responsibility, Impacts.