ABSTRACT

Multinational corporations are large companies with their headquarters in the home country- the country of its origin and other branches in several countries around the world. There are specific duties to be assumed by the multinational corporations called social responsibility. Through social responsibility, the corporations put in measures what would benefit the citizens of the affiliates. Through sustainable development, the corporations and the host state ensure that the development practices used today do not hamper the quality of life and the development of the future generations.

Financial aid are loans or grants given by financial organisations like the World Bank, The International Monetary fund etcetera or countries to poorer countries to boost their economies or in response to need resulting from natural or humanitarian disasters. South Korea after its independence was provided aid and through this aid, it has been able to transform its economy and internal structure and is one of the leading Asian states of today.

The main objective of this work is to study the roles played by multinational corporations and financial aid in the Nigerian economy to pin point the shortcomings and provide possible solutions. Other objectives include examining the ideas behind the formation of multinational corporations, to examine the contributions of multinational corporations towards sustainable development, to examine the implications of multinational corporations and financial aid on the Nigerian economy and to proffer possible solutions to curb the negative impacts of multinational corporations and financial aid on the Nigerian economy.

The data used for this study was collected from primary and secondary sources- questionnaires, internet materials, textbooks, and journals. Furthermore the pattern of study adopted was descriptive and analytical. The collected data was properly analysed using the percentage method.