Multinational corporation in nigeria for

Very good

1. The effects and the impact of multinational corporation in Nigeria

2. TABLE OF CONTENTS Introduction Definitions of Multinational Corporation (MNCS) Important of MNCS in developing Economics like Nigeria Negative impact of multinational Corporation in Nigeria Conclusion Overview of Nigeria‘s Economy

3. Introduction Multinational corporation (MNC), any corporation that is registered and operates in more than one country at a time. Generally the corporation has its headquarters in one country and operates wholly or partially owned subsidiaries in other countries. Its subsidiaries report to the corporation’s central headquarters.

4. Impact of multinational corporation Foreign Direct Investment: MNCS bring in significant Foreign direct investment which helps boost economic growth. For instance, oil and gas industry ( Shell,chevron ) Jobs Creation: Multinational generate direct and indirect employment opportunities for Nigerians sector like manufacturing, telecommunication, and banking benefits Infrastructure Development: Multinational corporation help to develop Infrastructure like roads, power and ports especially in resources extraction regions. Example: investment by oil in the Niger Delta.

5. Negative impact of multinational corporation Exploitation of resources: multinational corporation tend to extract natural resources without sufficient benefits to local communities. Example: Nigeria‘s reliance on oil export and sustainable development Environment Degradation: multinational corporation, especially in oil and gas are often associated with and environmental damage for instance, oil spill and gas flaring in the Niger Delta area Profit Repatriation: A large share of profits earned by multinational corporation is repatriated to their home countries, limiting Nigeria financial gain Corruption and influence : multinational corporation sometimes engaged in corrupt practices to secure favourable government policies. Example: Alleged involvement of oil companies in Nigeria political landscape Taxation and Regulation: strengthening tax Regulations to ensure MNCS contribute fairly to Nigeria economics

6. Conclusion SUMMARY OF THE KEY POINTS Multinational contribute to economic growth but also bring challenges. Balanced policies are needed to maximise the positive effects while mitigating the negative impacts. Final thought: The roles of multinational corporation is very essential, but Nigeria needs sustainable strategies for long-term development

7. THANK YOU!