Nigeria and Multinational Corporations [ANALYSIS]

Originally published in Financial Nigeria magazine, September 2013 edition.  Nigeria receives the largest amount of foreign direct investment in Africa.  Indeed, it is among the top twenty of such recipients world-wide.  The major foreign investors in Nigeria are the big multinationals; those international conglomerates that are essentially anti-nation-state in outlook, and who prefer to see the world as a single economic unit.  The objective of multinational activity is to transcend the nation-state and even transform it.  In the process, some of them, like the big oil-companies, have become today’s multi-states.  Some of these multinational companies are actually bigger in economic size than…