UNDERSTANDING THE SOCIOLOGICAL IMPACT OF MULTINATIONAL CORPORATIONS ON NIGERIAN ECONOMY

Abstract

Multinational Corporations are large firms that operates in many countries. They impact positively and
negatively on the economic, environmental, political and social aspects of development of the countries
where they operate. Analyzing the impact of their activities on host countries, provides us with some
sociological insight into the discourse. The paper, in attempt to analysis and reveal the consequences of
their activities on a country's economy, adopts the use of secondary sources such as; articles in reputable
journals, and content analysis to unravel how multinational corporations (MNCs) can impact on the
economies of countries where they operate, and in Nigeria. From the analysis, the study showed that in
Nigeria, the negative impacts of the activities of multinational corporations (MNCs), by far, outweighs
the benefits. The paper recommends therefore, that proactive steps should be taken by the people and
government to facilitate, the development of indigenous technology, the patronage of, and the use of
home made goods and services to boost the economy to foster development.