The Positive Impact of Oil Exploration and Exploitation Activities of Multinational Oil Corporations (MNOCs) on the Inhabitants of Ilaje Local Government Area of Ondo State

Abstract

The activities of Multinational Oil Corporations centres mainly on oil exploration and exploitation. Oil exploration and exploitation in Nigeria is solely carried out in the Niger Delta region which Ilaje Local Government Area of Ondo State is part of. The oil exploration and exploitation activities of multinational oil corporations have impacted both negatively and positively on the socio-economic and political life of the people of Ilaje Local Government Area of Ondo State. This paper examines the positive impact of multinational oil corporation’s activities in Nigeria. The main focus is on the positive impact of oil exploration and exploitation activities of multinational oil corporations on the socio-economic and political wellbeing of the people of Ilaje Local Government Area of Ondo State. Though much have been done by scholars about oil exploration and exploitation activities in the Niger Delta region of Nigeria, not much has been done in the study area taken into cognizance the positive socio-economic and political impact of oil exploration and exploitation activities by multinational oil corporations. It is the only local government area in the entire southwest geopolitical zone where oil exploration and exploitation activities is being carried out. The research design adopted is the historical research design. The study used qualitative research method which involve the use of both primary and secondary sources of information. The primary sources include both interview and observation. The semistructured interview schedule was used to elicit information for the study. The study revealed that oil exploration and exploitation activities of multinational oil corporations impacted positively on the people of Ilaje Local Government Area of Ondo State.
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Introduction