THE APPRAISAL OF MULTI-NATIONAL CONTRIBUTION OF COMMUNITY DEVLOPMENT
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THE APPRAISAL OF MULTI-NATIONAL CONTRIBUTION OF COMMUNITY DEVLOPMENT
Chapter one
INTRODUCTION
1.1 Background of the Study:
People in both the business and non-business sectors use the term “multinational corporation.” To some, it refers to a very large firm with five or six branches in a state, while others perceive it as a large firm with branches in all of a country’s states or divisions.
According to Prasad and Shetty (1976), “multinational corporations are firms that operate effectively under different national sovereignties”.
They also emphasise that global enterprises must deal with enormous changes in economic situations, various values and cultural systems, and vast geographical distances.
According to this definition, multinational organisations are major businesses that operate in various parts of the world but often have a single acclaimed headquarters located in the location where they were founded. There are several global firms in Nigeria and abroad.
However, for the sake of this investigation, the researcher is using Exxonmobil’s oil production facility in Eket, Akwa-Ibom State. It is worth noting
Mention that multinational firms under foreign ownership must follow the melodies and dictates of the host government or face confiscation. Because of the nature of their operations, multinational firms must deal not just with more complicated organisational structures, but also with significantly more elaborate and sensitive
a wider range of environmental variables than domestic activities have These corporations are regarded as economic giants, owing primarily to their size, economic strength, efficiency, stability, dynamism, flexibility, and, in many cases, technological oligopoly.
According to Elwood (1979), the growth and scope of multinational firms in many developing countries frequently cause significant societal changes that disrupt or negate host governments’ social programmes and aspirations.
Multinational firms are notorious for their exploitative practices in developing nations. Concerned African countries have repeatedly accused big firms of sucking dry the natural and human resources of poor African countries without compensating or showing appreciation in return.
Despite the fact that these businesses exploit these African countries and make enormous profits from their business activities, it is difficult to claim that they meet the yearnings and aspirations of the communities in which they operate in terms of business social responsibility.
Offlang (1980) states that, according to the notion of imperialism and dependency as characterised by the exploitation of developing countries by the west and as manifested by the infiltration of western capital into poor African countries,
One can clearly state that these multinational firms’ contributions to community development are not encouraging. This is evident by the public outcry for compensation.
Communities where major corporations operate because they provide the raw resources required for their operations.
After patiently waiting for companies to meet their social demands without receiving a response, these communities may resort to using the law to express their dissatisfaction.
It is important to emphasise that oil-producing communities are expected to benefit the most from multinational corporations involved in oil exploration in such locations.
These oil exploration businesses should continue to give many social amenities to these towns, such as pipe bore water, power, good roads, recreational facilities, and a variety of others. The corporation’s social efforts in these communities should include employment opportunities, scholarships, and other incentives.
In addition, I believe that oil-producing communities should profit more from oil exploration multinational businesses that operate in these towns, given the pollution and other hazards produced by oil drilling.
These are incidents in which a large number of aquatic species die as a result of oil spills, and the seawater becomes contaminated and poisoned, imposing great misery on these populations.
1.2. Statement of the Problem
As a result of the risks and abuses that multinational corporations pose to the communities in which they operate, it is critical that they demonstrate a strong commitment to being socially responsible.
However, this is tough to do. Assume that a particular firm
has contributed sufficiently to the development of a specific
Community development involves a wide range of activities, including the provision of infrastructure, jobs, scholarships, and much more. Communities complain about neglect, lack of appreciation, and inadequate recompense from firms operating in their communities.
The corporations on their own deny this notion, claiming that they have satisfactorily addressed their social needs. The researcher also notices a problem of inequality between the corporation and the community in terms of who has fulfilled his promise of delivering social infrastructures and economic benefits (or) whether the community is content with what the corporation has done for the community thus far.
1.3. PURPOSE OF THE STUDY
The primary goal of the research is to evaluate the contributions of multinational corporations to community development.
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The study’s particular aims are:
a. To examine the gap in opinion between businesses and hosts.
Community.
b. Determine the level of social responsibility. Exxonmobil Oil Producing Nigeria Plc carried out the operation in Eket.
c. Determine to what extent Exxonmobil has contributed towards the
The development of Eket.
D To look at what the corporation has done in the neighbourhood.
In terms of infrastructure growth.
c. Determine the benefits of Exxonmobil to the people of Eket.
f. To emphasise the difficulties produced by the Eket community and environment as
to the existence of Exxonmobil.
g. A notion that Exxonmobil should primarily develop Eket as her host.
community.
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