The Impoverishment of Africa by the West's Multinational Corporations: A Case of Multinational Corporations in Nigeria's Delta Region
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Date
2018
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Publisher
Langaa Research and Publishing Common Initiative Group
Abstract
In Nigeria's Delta Region and the whole of Africa continent, Multinational Corporations along with their mother countries — the emperors — have been allegedly labelled one of the causes of the continent's poverty and underdevelopment. In Nigeria, for example the inception of the East India Company and the Royal Niger Company in 1879, planted the first seed of poverty and underdevelopment in the Nigeria's Delta Region, heretofore referred to as the Delta Region. After the decolonisation of Nigeria in 1960, the British government and other European countries like French, Spain, Netherlands and Germany, among others, saw the large African market potential as one way of keeping a grip on Africa — through what has come to be known as neo-colonialism — while continuing the siphoning of the continent's resources through the use of Multinational Corporations (Caves, 1994).
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Keywords
Impoverishment, Multinational, Niger-Delta, Africa