MULTINATIONAL OIL COOPERATION AND THEIR SOCIAL RESPONSIBILITY IN SUSTAINING PEACE

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ABSTRACT

The study examined the social responsibility of Multinational Oil Corporations in the Niger Delta, in particular the long term effects of their presence on the indigenes of the oil rich regions. This study was carried out based on the observation that most of the multinational oil corporations in Nigeria are well established in South–South geo political zone, the process of oil exploration in Nigeria is carried out in the region and Nigeria highest revenue is from the oil sector. Arguably, what should have been to divine blessing to the people of the region has impoverished them. Poverty level in the region is very high that about 70per cent of the communities do not have access to clean water, passable roads, electricity supply, educational opportunities and other basic social amenities.

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