EVALUATION OF THE ROLE OF MULTI-NATIONAL CORPORATIONS, MNCs, ON NIGERIAN ECONOMY (A STUDY PZ CUSSONS NIGERIA PLC ILUPEJU, LAGOS and CABURY NIGERIA PLC IKEJA, LAGOS)

Abstract

The study is centered on the evaluation of the role of multinational corporation on Nigerian economy using case study of PZ Cussons Plc and Cabury Plc. The motive of this study was guided by the objectives of: to examine the effect of Multinational Corporations on employment rate in Nigeria, to examine the relationship between the activities of Multinational Corporation and Gross Domestic Product in Nigeria ,to proffer ways Nigeria can minimize the negative impacts of Multinational corporations relative to National Income. It used questionnaires and interviews guide in support of the primary data. Both quantitative and qualitative research method were used as and descriptive research design was employed as a sample size of 400 respondents was used. The research work concluded that multinational enterprises immensely contribute to employment generation, income generation, catalyzing development in the country at large, more focus should be on the performance of multinationals also because of the economic gains it brings. The study recommended that government should either convince or mandate multinational firms operating in the nation to boost the share of profits they reinvest in the nation and use to fulfill their social obligations to both their host communities and the nation at large. Additionally, this will avoid any unfavorable effects of those MNCs returning their enormous profits to their home nations.