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Summary
Multinational corporations have spurred up massive socio-economic activities and improvement in Nigeria. They create employment opportunities and improve the standard of living in host countries. Most citizens of host countries who were recruited and trained by foreign firms acquire the knowledge and skills used to work in these firms and to start their own business. Through the presence of foreign direct investment in host countries, host countries have witnessed improved balance of payment and increased financial and capital resources. Also, the Nigerian government have being been able to expand their tax base through the generated income of multinational firms. Tax paid by foreign firms has been used to provide infrastructures and boost up the economy of the nation. Nigeria has benefitted from foreign direct investment than any other country in West Africa because it is major recipient of foreign direct investment in the region.
