MULTINATIONAL OIL CORPORATIONS AND THE SUSTAINABILITY OF PEACE

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SUMMARY

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.   Apart from this, the host communities claim the multinational oil corporations have neglected them despite the huge profit they make from the region as a result of oil exploration activities. The consequences of this neglect among other things are the growing insecurity of life and properties, youth restiveness, hostage taking, sabotage and accelerated pace of poverty in the region.  Contrary to the claim of the host communities, the multinational oil corporations assert that they have reached out to their host communities through various intervention programs such as educational development, economic empowerment, and provision of basic infrastructural facilities. This therefore raises the salient question of how adequate, prompt and effective is the corporate social responsibility program of the multinational oil corporations to the host communities in the South–South region? If the multinational oil corporations reach out to the host communities through their corporate social responsibility, why then is the South–South region in a deplorable condition? It is on the basis of this that the study assessed the intervention programs of the corporate social responsibility of the multinational oil corporations to selected host communities in South-South, Nigeria. Literature on Niger Delta and the activities of multinational oil corporations is vast; it became clear that most of these have been written outside of the mainstream of the intervention programs of the corporate social responsibility.

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