IMPACT OF MULTINATIONAL CORPORATION ON NIGERIAN ECONOMY DEVELOPMENT

This study aim to investigate the impact of Multinational Corporation in the development of Nigeria economy, a study of Lafarge Company. This study objective is to provide the capital that will be use in developing Nigeria economy instead of exporting abroad, to reduce the use of capital intensive productive techniques so as to lessen the rate of unemployment that affect Nigeria economy, also to investigate the roles perform by MNCs as regard to their corporate social responsibility in organising training workshop and seminars for indigene to be expert in various fields, furthermore, to examine the positive impact of MNCs in introducing appropriate type of technologies use in developing Nigeria economically and finally, to ascertain ways Nigeria could maximize the benefits from the multinational corporations and minimize their negative and anti development objectives.. Data are collected through primary and secondary sources (journals, publications, questionnaire etc.). The study population was 300 in which a sample of 150 was drawn from the total population using simple random technique (Taro Yamane model) to determine the sample size of the respondents in order to avoid bias. Questionnaires were administered as the primary instrument for data collection of the exact figure of the sample size of 150 copies and 135 were returned. The survey research was adopted for the study while chi-square was used to test the four hypotheses formulated. The finding revealthat capital provided by MNCs will improve the development of Nigerian economic, also that the use of capital intensive by MNCs will result to unemployment furthermore, that provision of corporate social responsibility guarante Nigerian economic development and finally, reveal thatthe benefits and minimal of negative and anti development objectives will help to develop Nigerian economy.The study recommends that there should be interactive sessions on regular basis between the Multinational corporations and leaders of our country to proliferate understanding and enhance harmonious business relationship especially on moral and Ethical ground. Such interactions would impact positively on the ethical performance of both the companies in particular and the various corporations at large, also federal environmental protection agenciesshould ensure effective monitoring of multinational corporations to avoid the violation of the laydown rules and regulations guiding their operations.