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play Multinational companies (MNCs) important role in economic development strategies in many developing countries. These large impact on the environment and the economy. There are quite a number of them in Nigeria. Experience shows that there was a long and terrible record of environmental destruction and degradation, economic exploitation and violation of human rights in some areas / regions in Nigeria. Among the multinational companies which include the international oil producing companies like Shell Oil Company, they grew in power and visibility, and can be seen in recent times that have come to condemn ambivalent both the government and citizens of Nigeria.
many of these MNC Nigeria to embrace the big four (4) sectors of the country – Oil and Gas, Telecommunication, manufacturing and banking sectors. There are many things to consider with these MNCs and include their contributions so far in the country, their advantages in Nigeria and the country as a whole, the impact (negative and positive), etc. All these will go a long way to determine whether or assessing the MNC and the ability to draw a conclusion whether blessing or a curse!
Before independence in 1960, and after that, more and more international companies will continue to find ways in the Nigerian economy. Even until now, such a large number of organizations continue to be encouraged to come and invest in Nigeria. Multinational companies were left in the history of business in Nigeria. In some cases, these firms provide multinational joint venture of the country’s citizens, and further facilitate home business (es) the achievement of their goals.
no doubt, were the economic success and penetration of MNCs, the motives and actions call into question the social welfare, environmental protection and labor unions and government agencies in Nigeria. Nigeria now have to worry about the impact of these companies on the Nigerian economy, many turn to in-scary, exciting and provocative.
presence and activities of MNCs in Nigeria was the subject of discussion in the negotiations on development matters. Recently, the effect of MNC Nigeria have already been settled favorably. MNC to completely conflicting interests, and this is a big problem in the economy. It may be safe to say that the conflicting interests of the bedrock MNC problems in Nigeria.
MNC is a trading company for the sole purpose of profit optimization, and aims to continue to achieve its corporate objectives as an acceptable rate of return on investment capital, and market share, or to ensure its long-term competitiveness and do not support economic and social development objectives of the host country. The result is that different multinational companies and the host country authorities opinion is very basic issues such as the repatriation of earnings, licensing, research policy and location policy.
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Source by Oluwanisola Seun