Abstract

(CEPMLP) The advent of petroleum exploitation in Nigeria in the late 1950s revealed the potential of natural resource development in nation building. It was conceived that the revenue generated from petroleum operations would boost economic development and improve the livelihood of local communities. Multinational Corporations (MNCs) operating in Nigeria have benefited immensely over the last 50 years from investment in the sector. However, since the 1990s sparse incidents of sabotage, kidnapping of foreign oil workers, civil unrest and environmental ...