MULTINATIONAL CORPORATIONS AND THE NIGERIAN ECONOMIC DEVELOPMENT (THE CASE OF UNITED AFRICAN COMPANY (UAC) NIGERIA LIMITED
MULTINATIONAL CORPORATIONS AND THE NIGERIAN ECONOMIC DEVELOPMENT (THE CASE OF UNITED AFRICAN COMPANY (UAC) NIGERIA LIMITED
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Date
1981-09
Authors
OLUTAYO, Adedeji Samuel
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Abstract
A B S T R A C T
Nigeria is on the threshold of Industrial takeoff
and though it (Nigeria) provide a base for
foreign investors, no study of importance has been
undertaken to ascertain the extent to which Multinationals
Corporations (MNCs) in particular UAC have contributed to
or can contribute to the development of the Nigerian
economy. The research sees'MNC as a recognised feature
of changing business and can help elevate the country from
poverty to a higher level of living. UAC has come a long
way in the history of Nigeria but it has been found that
though it (UAC) invests out of the huge profits made, in
the country, not much have been done to advance the
progress of the country economically. At best, the company
has suceeded in safeguarding its source of profits.
However, a framework for explaining overall UAC's
contribution to the Nation's economic development may have
some problems viz:- Economic, Social, Political/Legal,
Managerial and Technological, the company has a role in
interpreting the nation's economic objectives in terms of
development growth thus justifying the government's
encouragement to foreign firms to do honest business to
the advantage of both the nation and the firms. UAC is
the biggest and oldest MNC in Nigeria, it may constitute
a hub in the economic wheel of Nigeria's development.
Description
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY
ZARIA
Keywords
MULTINATIONAL,, CORPORATIONS,, NIGERIAN,, ECONOMIC,, DEVELOPMENT,, CASE,, UNITED,, AFRICAN,, COMPANY,, NIGERIA, LIMITED