Socio-Economic Effects of Multinational Corporations’ Spillovers in Niger Delta Region of Nigeria

Abstract

Socio-economic effect of Multinational Corporations’ spillovers in Niger Delta x-rayed effect of MNCs operations in Niger Delta on ecological degradation and sought to ascertain MNCs effort in protecting the ecosystem through a review method. Findings revealed that multinationals have grossly abused on environmental sanitary laws therefore the study recommended Repealing of Land Use Act of 1978 or amend it in favour of regions/zones/states to control their resources as well as abrogation of other related obnoxious legislation. This step is expected to make available sufficient funds to the victims/zones/states to tackle environmental related problems and enthronement of true Federalism where states are allowed to control their resources. This is expected to boost the socio-economic status of Nigerians as untapped natural resources could be exploited.

Keywords: Socio-economic, MNCs and Spill-overs, Niger-Delta.