Thesis Abstract

<p> Multinational Corporation is now globally accepted business firms which have<br>adopted various cultures and take responsibility for her host community socially.<br>The appraisal of multinational corporation to the contribution of community<br>development became necessary to evaluate the extend of exploration carried out<br>by multinational corporations in Nigeria. A review of related literature was<br>carried out to give the study. The required theoretical background, available<br>statistics from the natural population commission indicate that Eket community<br>have an estimate of one thousand six hundred and ten people (101,610) and the<br>sample size is made up of hundred respondents (100),the method employed in<br>collecting data was the questionnaire. (4) Four hypotheses were formulated and<br>tested for the study using simple percentage (%) statistical method of data<br>analysis, on the basis of the analyses some findings were recorded as follows It<br>was discovered that the multinational corporation rather abuse human right and<br>pollute environment instead of developing the host community. Following the<br>findings recorded some useful recommendation were proffered for the resolution<br>of the problems identified in the study. It suggested that in order to make the<br>people fell statistical; the firm has to provide much to the needs they want. To<br>also widen the scope of here social responsibility to provide employment and<br>hasten community development. It is concluded that is the law of the land is not<br>properly put into use; Multinational Corporation will not contribute towards the<br>development of her host community. <br></p>

Thesis Overview

<p> INTRODUCTION<br>1.1 BACKGROUND OF THE STUDY:<br>Multinational Corporation is used by people both in the business and non<br>business sectors, to some people it means a Fairly big firm that has about five or<br>six branches in a state, while others see it as a big firm that has branches in all the<br>states or divisions of a country. According to Prasad &amp; Shetty, (1976)<br>“Multinational corporations are firms that operate effectively under different<br>national sovereignties”. They further stress that multinational corporations are<br>such firms that must cope with wide variations in economic conditions, different<br>values and cultural systems and wide geographical separation.<br>This definition, multinational corporations are large firms that operate in different<br>parts of the world, but most of the times have one acclaimed headquarters,<br>situated in a place it was first established. There are various multinational<br>corporations both in Nigeria and abroad.<br>However, For the purpose of this research works, the researcher is using<br>Exxonmobil oil producing Nigeria at Eket, Akwa-Ibom State. it is of note to<br>11<br>mention that multinational corporations operating in foreign hands must respect<br>the tunes and dictates of the host government or face expropriation. By the nature<br>of their operation, multinational corporations must cope not only with more<br>complex organizational structure but with far more elaborate and sensitive<br>array of environment variables than domestic operations have these corporations<br>are seen as giants amongst economic entities and primarily because of their size,<br>economic power, efficiency, stability, dynamism, flexibility and quite often a<br>technological oligopoly. Elwood (1979), said that the size and scope of<br>multinational corporations within many developing nations often bring about<br>significant social changes that disrupt or counteract social programmes and goals<br>of host government.<br>Multinational corporations are known for their exploitative tendencies in<br>developing countries. There has been lots of accusation by concerned African<br>countries that these corporations are only out to suck dry the natural and human<br>resources of poor African countries without correspondingly compensating them<br>or showing appreciation in return. Despite the fact that these corporations exploit<br>these African countries and realize huge profits from their business operations, it<br>is difficult for saying they satisfy the yearnings and aspiration of the communities<br>where they operate in terms of business social responsibility.<br>Offlang (1980) asserts that, going by the concept of imperialism and dependency<br>as characterized by the exploitation of the developing countries by the west and<br>as manifested by the infiltration of western capital into poor African countries,<br>one can categorically say that the contribution of these multinational corporations<br>to the community development is not encouraging. This is evidenced by public<br>out-cry for compensation by Communities where these corporation arc operating due to the 1ct that these<br>communities provide the needed raw materials for that operation.<br>At times these communities after waiting patiently for these. corporations to meet<br>their social demands without any response, take the law into their hands to show<br>Their resentments. It is note to stress that the oil producing communities are the<br>ones which are supposed to benefit more From Multinational Corporation involve<br>in oil exploration in such areas. Intact these oil exploration corporations should<br>provide lots of social amenities like pipe bore water, electricity, good roads,<br>recreational facilities and host of others to these communities. The corporation<br>social activities to these communities should extend to the areas of employment,<br>scholarship and other incentives.<br>In further expressing my view on the fact that the oil producing communities<br>should benefit more from oil exploration multinational corporations that are<br>operating in such of the pollution and other hazards caused these communities<br>due to oil drilling. These are cases, which due to oil spillage a lot of aquatic<br>animals die and the seawater becomes bad and poisonous thereby causing untold<br>hardship on such communities.<br>1.2. STATEMENT OF THE PROBLEM<br>As a result of the hazards and exploitation of multinational corporations on the<br>communities in which they are operating, it is important for them to show a<br>serious concern in terms of being socially responsible to these communities.<br>However, it is difficult for one to. Say that a particular corporation<br>has contributed adequately to the development of a particular<br>Community because development encompasses many things ranging from the<br>provision of infrastructural facilities, employment, scholarships and .a lot more.<br>Communities cry out of neglect, lack of appreciation and insufficient<br>compensation by corporations that are operating in their areas.<br>The corporations on their pa refute- this claim by saying that they have<br>responded adequately to their social needs. The researcher also notice a problem<br>of disparity between the corporation and the community as to who have fulfill his<br>promise of providing social infrastructures and economic benefit (or) whether the<br>community is satisfied with what the corporation has so far done to the<br>community.<br>1.3. OBJECTIVEOFTHESTUDY;<br>The main objective of the research work is to appraise the contributions of<br>Multinational Corporation towards community development.<br>11<br>The specific objectives of the study are:<br>a. To analyse the difference in opinion between the corporations and host<br>Community.<br>b. To evaluate the level of social responsibility Carried out by Exxonmobil<br>Oil Producing Nigeria.Plc in Eket.<br>c. To determine to what extend Exxonmobil have Contributed towards the<br>development of Eket.<br>D To investigate what the corporation has actually done in the community in<br>terms of infrastructural growth.<br>e. To examine the benefit of Exxonmobil to the people of Eket.<br>f. To highlight the problems caused to Eket community and environment due<br>to the existence of Exxonmobil.<br>g. A suggestion that Exxonmobil should principally develop Eket as her host<br>community.<br>1.4. SIGNIFICANT OF THE STUDY<br>The study focuses on the contribution of Multinational Corporation to host<br>community when properly articulated, it will be of tremendous benefit to many<br>interest groups Exxonmobil and the people of Eket are at variance over the issue<br>of the firms satisfying them infrastructural and otherwise. The people feel the<br>corporation has not adequately compensated them and as such their yearnings<br>and aspirations are yet to be satisfied. The study would be useful to engender<br>11<br>efficient and effective human relation among stall ci the corporation and host<br>community, the study will help to discover the corporation and the people<br>because of the difference in their claims. This study will be useful to erase the<br>disparity, call for a compromise, and also counter the possibility of frequent<br>contribution between both parties.<br>However, the researcher is convinced that not only the people of Eket, the<br>government of the Federal Republic of Nigeria and staff of Exxonmdbil but also<br>the general leader would find this study valuable. The research work will be<br>beneficial to researchers and prospective researchers in the area of the study. It<br>will serve as a guide for future researches.<br>1.5 SCOPE OF THE STUDY:<br>This research study is to assess the contribution of multinational corporations to<br>community development by Exxonmobil to the people of Eket. <br></p>