There are vast conflicting areas so far as multinational corporations and the host country is worried and for the incontrovertible fact that these conflicts differ from company to company and country to country, solving such conflict requires a serious evaluation of the interest of and the advantages of each parties, taking the general social and economic advantages of an organization and product concerned into consideration. There are not any universally valid answers (Novartis Foundation for Sustainable Development, 2007).
Many MNCs are excited by the Nigeria market and ant to take a position in it. Nigeria, nevertheless, couldn’t but to just accept and welcome them for the incontrovertible fact that it desires to get its economy developed especially when most investors in Nigeria lack the business knowledge and skills on this area. Nigeria is used to agriculture and artistic work but the necessity to develop the economic and business sectors brought MNCs to lime light. Ever since their inception, lots had been happening within the economy, which has led to the query as as to if these MNCs are blessings or curses to Nigeria populace.
Most MNCs in Nigeria see themselves as entities which have the ability to do and undo within the host country. SHELL, for example, was contracted a project of oil exploration and production in Nigeria however it is pathetic and sadden to see SHELL, with the backings and influences of the British government forming death squads which has been chargeable for the killings of innocent Nigerians. Ken Saro Wiwa, alongside with other eight Ogonis, were hanged in November, 1995 (Hungerstrike Newspaper, 1999). Power in Nigeria is now shared between the economic elite, the military high commands and the Mafia who’re all being controlled by some developed and powerful states and union to spawn various types of paramilitary death squads.
That being the case, my research work has revealed many things while taking a critical have a look at some MNCs oil producing giants in Nigeria. It reveals that there have been blatant examples of incorrect behaviour of MNCs in Nigeria, which amongst others include inappropriate influence of political decisions, exploitative wages and poor social conditions.
Multinational corporations have found Nigeria to be good markets where they will carry on their businesses they usually have over time proceed to achieve success. They’ve grown from strength to strength, financially, martially, technologically and asset-wise. Through the importation of finished goods, Nigeria has been turned to be a dumping ground for each substandard and out-dated or government banned products and materials. They proceed to have branches spread throughout and likewise expand their networks to all nooks and crannies of the nation unrestrictedly.
Inspite of the issues or challenges being faced by these MNCs from each the residents and government of Nigeria, they proceed to realize the acceptance of some few powerful and scrupulous Nigerians, so-called economic elites, who ever believed that they got here with blessings and advantages to raised the lifetime of the masses. Their interests should be protected by any means available to them to do that.