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Periodical article | Leiden University catalogue | WorldCat |
Title: | Foreign investments and the Nigerian economy: the role of multinational corporations |
Author: | Agbodike, C.C. |
Year: | 1998 |
Periodical: | The Nigerian Journal of Economic History |
Issue: | 1 |
Pages: | 162-182 |
Language: | English |
Geographic term: | Nigeria |
Subjects: | foreign investments multinational enterprises |
Abstract: | The much acclaimed role of the multinational corporations in the development of the Nigerian economy has been more illusory than real. In fact, foreign enterprises have benefited more than they have contributed to the economic development of the country. The investment activities and operations of multinational corporations in the commercial and manufacturing sector (UACN, John Holt, Lever Brothers), in the petroleum oil sector (Shell, Agip, Elf, Chevron, Mobil, Texaco, Ashland) and the banking sector (Standard Bank, now First Bank, Barclays Bank, now Union Bank, Bank of America, now Savannah Bank, United Bank for Africa) have promoted neocolonialism in Nigeria. Ref. [ASC Leiden abstract] |