Effect of Multinational Corporate on Community Development in Nigeria: An Assessment

Abstract

The study conceptualized Multinational Corporation and community development (MCS) in Nigeria. The study remarks that, the economic life of the host communities in Niger Delta states have been devastated by oil exploration activities. Moreover it also discovered that, the development activities of the oil companies do not tickle down to the grassroots for whom they were intended and the so called development activities of the oil companies are to further gain access to more operation area rather than intended to aid the people. It also finds out that the oil companies have no long term developmental plan for the area, they operate. Thus the paper recommends a revision of the revenue sharing formular whereby the people manage their resources and pay dividend to the federal government. The another, therefore recommended that a strong legislations should be enacted to a compel multination to obey human rights laws in these communities in Niger Delta states and finally advocated that transparency should be employed in choosing the community in Niger Delta States.
Keywords: Multinational, Corporation, community, development, Nigeria