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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Foreign investments and the Nigerian economy: the role of multinational corporations
Author:Agbodike, C.C.
Periodical:The Nigerian Journal of Economic History
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]