The Exit of Multinational Companies from Nigeria: The Way Forward

Multinational Companies (MNCs) are said to be one of the most powerful institution in the world today. It involves having operations in more than one Nation with its head office at their home country. The main objective of this study is to assess the reasons for the exit of multinational companies from Nigeria from 2017 to date. The study adopts the dependency theory as its theoretical analysis relying on scholarly journals, articles and textbooks to assess the reasons for their exit from the Nigerian economy. Findings revealed that multinational companies have contributed to the provision of assorted goods and services. However, the companies are exiting and divesting due to unpredictable economic policies and unfriendly environment that had persisted within the country for some years now. The study therefore recommends among other things the restoration of investor’s confidence by making the economy investor friendly and stimulating growth.

MNCs, Economy, Exodus, Development

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