Conclusion Also, transnational corporations keep
increasing investment levels and income in
Nigeria , promote improvement in their
immediate environment, create access to
high quality managerial skills, improve the
balance of payment of host countries by
increasing exports and decreasing imports;
help to equalize the costs of factors of pro-
duction. They stimulate domestic produc-
tion and enhance efficiency and effective-
ness in the production process; stimulate
positive responses from local operators.
Most well-known Nigerian entrepreneurs
started by working for transnational corpo-
rations, where they acquired relevant skills
and knowledge that gave them the impetus
to launch out. Also, Nigerian government
have being been able to expand their tax
base through the generated income of
transnational firms. Tax paid by foreign
firms has been used to provide infrastruc-
tures and boost up the economy of the na-
tion. Nigeria has benefitted from foreign
direct investment than any other country in
West Africa because it is major recipient
of foreign direct investment in the region.
As some authors mark, «leading
multinational corporations are the flagships
of global processes of building intellectual
capital, because they are the focus of tech-
nological priorities, development and im-
plementation of innovations, technologies,
business models, and integrated knowledge
management systems. Intellectual capital,
which is created and operates within the
framework of transnational business struc-
tures, is of particular importance in context
of increasing global competition. Embod-
ied in knowledge, experience (soft skills)
and results of creative work of highly qual-
ified personnel, it becomes a key factor
determining the effectiveness and competi-
tiveness of TNCs» [8].
Transnational corporations have
spurred up economic activities in Nigeria.