Multinational Construction Companies in Nigeria: an Analysis of Their Impact on Economic Growth and Dependency
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Date
2023
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International Journal of Economic, Finance and Business Statistics (IJEFBS)
Abstract
This paper examines the impact of multinational construction companies on Nigeria's economy, with a focus on the practices and effects of multinational construction companies operating within Nigeria. The findings from the research indicate a mixed impact of multinational construction companies on the Nigerian economy. On one hand, some multinational companies have been found to engage in exploitative practices, there are instances where multinational construction companies have contributed positively to the Nigerian economy, through technological advancements, increased employment opportunities, and investments in local infrastructure development. Additionally, it emphasizes the importance of implementing robust regulations and policies to ensure responsible and sustainable practices by multinational construction companies operating in Nigeria. The significance of fostering collaboration and implementing effective regulatory frameworks to maximize the positive contributions of multinational construction companies while mitigating any adverse effects on Nigeria's economy.
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Kehinde T.B. & Simon-Ilogho, B.E. (2023). Multinational construction companies in Nigeria: an analysis of their impact on economic growth and dependency. International Journal of Economic, Finance and Business Statistics. Vol 1(1), 43-52.