Role Of TNCs (shell) Nigeria

Question 1

Advantages

Answer 1

International links that provide access to markets around the world
2023, shell paid $1 billion in taxes to Nigerian government
Providing jobs and training to local people (2500 direct) (20,000 indirect)
Higher wage levels

Question 2

Disadvantages

Answer 2

Profits leave country and benefit shareholders, often in HICs
Paid wages tend to be lower than in the home country of the TNC
Causing significant environmental damage- bodo oil spill
Raw materials at exported before being refined, which reduces profits in LICs and NEEs

Question 3

Bodo oil spill

Answer 3

Leaked 600,000 barrels of oil
80% locals were fisherman who lost jobs
Clean up began 10 years later
Shell paid $83 million in compensation