International Journal of Academic Research in Business and Social Sciences

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Mulitnationalisation, Globalisation and Internationalisation Breed Diversity: The Nigerian Experience

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Nigeria is said to be a middle income, mixed economy and emerging market, with an alarming expanding financial, service, communications, and entertainment sectors. The country is positioned 30th in the world in terms of GDP (PPP) as of 2011, this is despite its emergent, though currently underperforming manufacturing sector. The country is the third-largest economy on the continent (behind South Africa and Egypt). The country has a capacity to produce a large proportion of goods and services for the West African region. It can therefore be categorized as the economic power house of the West African region As of 2000, oil and gas exports accounted for more than 98% of export earnings Nigeria’s and about 83% of federal government revenue, as well as generating more than 40% of its GDP. It also provides 95% of the country’s foreign exchange earnings, and about 65% of government budgetary revenue. This favourable economic indexes and realities attract investments from all over the world while the foreign investors will follow their investments. This paper relying on descriptive qualitative study will examine the impact of the inflow of foreign workers on the already workforce that is already experiencing complex diversity.