Directorate of General Studies, Federal University of Technology, P. M.B 1526, Owerri, Imo State, Nigeria; Directorate of General Studies, Federal University of Technology, P. M.B 1526, Owerri, Imo State, Nigeria
Ozoigbo, B.I., Directorate of General Studies, Federal University of Technology, P. M.B 1526, Owerri, Imo State, Nigeria; Chukuezi, C.O., Directorate of General Studies, Federal University of Technology, P. M.B 1526, Owerri, Imo State, Nigeria
The paper examines the activities of multinational corporations (MNCs) in Nigeria. It looks at the stand of some Nigerian political economists who view MNCs as one of the determinants of backwardness in Nigerian economy. These economists believe that MNCs are exploitative. According to them, the natural resources of Nigeria should in the first instance be for the benefit and development of Nigeria but this objective is not realized as a result of the exploitative tendencies and practices of the MNCs. The paper also x-rays the nature, objective and operations of the MNCs. It argues that although MNCs have some negative tendencies, however they contribute positively in the areas of technological development and employment opportunities.
