THE ROLE OF PURCHASING IN MULTINATIONAL COMPANIES IN THE ECONOMIC DEVELOPMENT OF NIGERIA

THE ROLE OF PURCHASING IN MULTINATIONAL COMPANIES IN THE ECONOMIC DEVELOPMENT OF NIGERIA

ABSTRACT

The main focus of this research work is to examine the role of purchasing in multinational companies in the economic development of Nigeria.  MNC’s are agent of development in the sense that they constitute the source of capital investment, employment for the people, technological transfer etc.  However, many detest their existence because they are agents of exploitation of the people they came to develop. In this regard, the objectives of this work is to ascertain the extent of involvement of multinational companies in the economic development of Nigeria using indices like employment provision, transfer of technology and to determine the political, socio-economic implications of their existence in Nigeria. All these were discussed in the chapter one. In chapter two, related literatures were reviewed.  The literature encompasses of people’s view on the activities of multinational corporations. Chapter three consists of research design and methodology. The source of data used were primary and secondary sources. The primary sources include the use of oral interview and questionnaire while newspapers, journal, textbooks, symposia where sources of secondary sources. In chapter four, the information collected were presented and analysed and the hypothesis were equally tested in which it was discovered that the MNC’s are not interested in Nigeria economic development but are interested exploiting the Nigeria’s economy. In chapter five, the recommendation made, is that Nigeria should develop her own indigenous technology that will aid her in her search for economic development.