The Impact of Foreign Direct Investment on the Nigerian Economy

The Impact of Foreign Direct Investment on the Nigerian Economy

In the contemporary arena, only few issues evoke stronger pause or condemnation than Multinational Corporations (MNC).  A casual exploration of the literature will demonstrate the strength of positive and negative feelings towards multinational firms (Hood and Young 1979).  Based on this dichotomy existing in the conception of the activities of MNC’s in a developing economy like Nigeria, convenience permits that the views of the cities and defenders be given critical attention.  The MNC’s most zealous cities maintain that MNC’s are agents of economic imperialism and political control to maximize profit without due regard to environmental or human consequences, and are under the control of elitist managers and technocrats who seek to expand their own power and influence.  [Read more…]