Impact of Multinational Corporations on Economic Growth in Nigeria

Abstract

This research is an examination of the relationship between empirical analysis of the activities of multinational corporations and economic growth in Nigeria. The National bureau of statistics and CBN statistical bulletin were the sources of Secondary data used for the research. Appropriate Hypotheses were formulated and tested. The econometric tools of analysis employed was the unit root test and granger causality techniques. The Augmented Dickey Fuller (ADF) unit root test results show that all the variables were stationary. The granger causality test results indicated that a relationship exists between multinational corporations and economic growth. The study therefore recommends that Multinational corporations should ensure they uphold a green culture in the environment of their host country. It also recommends that Federal government should ensure that MNCs should empower host communities by providing scholarships to enable indigenes attain qualifications and skills that will enable them to be employed in the organization, while lower-level unskilled labor employment should also be provided.

Keywords: Multinational Corporations, Economic Growth, GDP, National Income.

DOI: 10.7176/EJBM/13-6-11

Publication date:March 31^st 2021