TNCs and Nigeria

What is a transnational corporation or TNC?

• The buying and selling of goods and services between countries.

• A large business that operate in more than one country e.g. Shell, Coca Cola, Nike

What are exports?

• Goods or services sold to a foreign country

• Goods or services bought from a foreign country

What is Nigeria's main export?

• Petroleum gas

• Crude petroleum

• Scrap vessels

Nigeria is an example of a...

• Low Income Country (LIC)

• Newly Emerging Economy (NEE_

• High Income Country (HIC)

Which TNC relates to the 2 largest exports in Nigeria?

• Volkswagen

• Shell

• Nestle

A disadvantage of a TNC

• Takes money out of the country to give to company owners elsewhere

• Provides new technology that helps the country develop

An advantage of a TNC

• Can cause environmental damage and uses up resources

• Provides jobs, often at higher wages than the local average