THE INFLUENCE OF MULTINATIONAL COMPANIES IN THE ECONOMIC DEVELOPMENT OF NIGERIA

(A CASE STUDY OF GUNINNESS NIGERIA PLC BENIN CITY)

ABSTRACT

The main focus of this research work is to examine the influence of multinational companies in the economic development of Nigeria.  MNC’s are agent of development in the sense that they constitute the source of capital investment, employment for the people, technological transfer etc.  However, many detest their existence because they are agents of exploitation of the people they came to develop.

In this regard, the objectives of this work is to ascertain the extent of involvement of multinational companies in the economic development of Nigeria using indices like employment provision, transfer of technology and to determine the political, socio-economic implications of their existence in Nigeria.  All these were discussed in the chapter one.

In chapter two, related literatures were reviewed.  The literature encompasses of people’s view on the activities of multinational corporations.

Chapter three consists of research design and methodology.  The source of data used were primary and secondary sources.  The primary sources include the use of oral interview and questionnaire while newspapers, journal, textbooks, symposia where sources of secondary sources.

In chapter four, the information collected were presented and analysed and the hypothesis were equally tested in which it was discovered that the MNC’s are not interested in Nigeria economic development but are interested exploiting the Nigeria’s economy.

In chapter five, the recommendation made, is that Nigeria should develop her own indigenous technology that will aid her in her search for economic development.

TABLE OF CONTENTS

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of content

CHAPTER ONE

INTRODUCTION

1.1            Background of the study

1.2            Statement of the problem

1.3            Purpose of the study

1.4            Significance of the study

1.5            Scope and limitation

1.6            Research question

1.7            Definition of terms

References

CHAPTER TWO

2.1            Review of related literature

2.2            Concept of multinational company

2.3            School of thoughts about multinational company

2.4            Impact of multinational company in the Nigerian Economy

2.5            Some problems of multinational companies

Reference

CHAPTER THREE

RESEARCH DESIGN AND METHODOLOGY

3.1            Design of the study

3.2            Selection of population

3.3            Sample size

3.4            Research procedure

CHAPTER FOUR

Presentation, analysis, and interpretation

4.1            Presentation, analysis, and interpretation

4.2            Test of hypothesis

CHAPTER FIVE

5.1     Summary of finding

5.2            Implication of findings & conclusion

5.3            Recommendation

5.4            Bibliography

5.5            Questionnaire

CHAPTER ONE

INTRODUCTION OF THE STUDY

In third world countries most people associated multinational companies with non-colonialism.  While the Euro-American nations described multinationals as the engine of growth in the underdeveloped countries.  These two opposing views about multinationals will help to examine what multinational corporations are all about.

To define multinational company Walshi L.S. made us to understand that a multinational company produces and sell at both home and abroad.  In fact, the essence of multinational is international production.  It involves a corporation in the establishment of subsidiaries.  From the foregoing, it become clear that there are several approaches in defining a multinational company.

Approach 1:        This approach tries the definition by emphasizing structural criteria such as the number of countries in which a firm is doing business, ownership from many nations, composition of the top management being nationals etc.  Another school of though in this approach defines it through stressing performance characteristics such as absolute control, relative earnings of shares, sales, assets, employees committed to foreign operation etc.

Approach 11:      Different schools of though in this approach address the issue by suggesting an evolutionary process of international to multinational,