Title:
EFFECT OF MULTINATIONAL ENTERPRISES ON ECONOMIC DEVELOPMENT IN NIGERIA

Authors:
Nseobong Sunday George and Dr. Anthony Aniagbaoso Igwe ,Nigeria

Abstract:
The study sought to investigate the effect of multinational enterprises on economic development in Nigeria. From the exploratory literature, the review found that multinational enterprises have significantly impacted Nigeria's economic development both positively and negatively. as some multinationals tend to indulge in unethical business practices. Two theories such as endogenous growth theory and dependency theory were reviewed to lend credence to the ills of these multinational enterprises in Nigeria. However, to further attract foreign investors, Nigeria should strengthen and broaden policies to facilitate cost-effectiveness by reducing tariffs on imported inputs, as well as improvement of infrastructures. Also, Nigeria should develop a harmonious moral and ethical relationship with these multinational enterprises.