ABSTRACT
Impact of Globalization on Corporate Entrepreneurship in Nigerian Oil and Gas
Industry. The study set out to accomplish the following objectives which were
to: determine if corporate entrepreneurship policy was changed as a result of
globalization; investigate the extent to which multinational corporations
complied with the Nigerian content laws and regulations; find out the impact of
globalization on national economy; evaluate the extent of engaging Nigerians in
managerial positions and; determine the extent multinational corporations have
been socially responsible to their host communities The study used a survey
design; and simple random sampling technique to select the four firms in the
industry. A sample size of 270 respondents was used. Some of the respondents
were interviewed.
The main instrument for primary data collection was the
questionnaire, structured in five-point Likert scale. The secondary data were
sourced from relevant journals, seminars and workshop papers, magazines,
news-papers, unpublished materials (theses, dissertations, etc). Monographs,
books and internet. The instrument was checked for reliability using the test retest
method. The reliability co-efficient was 0.99. The data were presented and
analyzed using quantitative method such as frequency distribution tables. The
test of hypotheses was done using Chi-Square and T-test. The findings indicate
that: Parent enterprises were indifferent to impact of globalization on Corporate
Entrepreneurship policy; multinational corporations did not comply with the
Nigerian Content Laws and regulations; globalization did not impact
significantly on national economy; multinational corporations have employed
Nigerians in managers and they have not significantly been socially responsible.
Based on these findings these recommendations were made that: parent
enterprises positively change corporate entrepreneurship policy; multinational
corporations comply strictly with the Nigerian Content Act 2010; build their
own oil refineries in Nigeria; engage technically proficient Nigerians; and
strictly observe the global injunction of being socially responsible. The ensuing
harmony between Nigeria and MNCs should leverage her into global status in
production and sale for profit.
