Tijani, S. O.

Olabisi, H. O.

Abstract

This study examines the phenomenon of national development and the significance of multinational institutions in Nigeria. The actions of multinational corporations in Nigeria have been scrutinized due to concerns regarding their ethical behavior and negative effects on society. Due to their substantial resource base, these organizations wield considerable influence over the economy, situating themselves as intermediaries between indigenous entrepreneurs and establishing a monopoly. Using a content analysis methodology, the research examined a variety of information sources, including library materials, journal articles, online resources, and other pertinent archival materials pertaining to the investigated topic. Examining the Endogenous Growth Theory provided support for the negative effects of multinational corporations in Nigeria. It has been determined that, due to their incorporation into society, these businesses are obligated to adhere to the society's equitable demands, as they generate substantial capital through their operations within the societal framework. Additionally, it is suggested that all constituents, including employees, customers, society, and the government, should be represented on the Board of Directors of various organizations. This would allow for direct representation and active participation in the decision-making process.

   

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Published: 2024

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