The role of TNCs in Nigeria's development
- Created by: westanrevision
- Created on: 24-10-22 18:33
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- The role in TNCs in Nigeria's development
- A TNC is a large company that operates in several countries. Usually has headquarters in one country with production plants in several others.
- advantages
- companies provides employment and development of new skills
- investment in local infrastructure and education
- other local companies benefit from increased orders
- valuable export revenues are earned
- disadvantages
- local workers are usually poorly paid
- poor working conditions
- management jobs often go to foreign employees
- much of the profit goes abroad
- advantages
- Shell OIl in the NIger Delta
- has extracted oil from the Niger Delta since 1958
- advantages
- major contributions in taxes
- directly employs 65000 Nigerian workers
- provided 250000 jobs in related industries
- 91% of all Shell contracts have been placed with Nigerian companies
- disadvantages
- oil spills caused water and soil degradation, damaging agriculture and fishing industires
- frequent oil flares send toxic fumes into the air
- oil theft and sabotage cost TNCs and the government billions each year
- A TNC is a large company that operates in several countries. Usually has headquarters in one country with production plants in several others.
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