Requisite Skill Availability and Multinational Corporations Locational Strategies in Nigeria

Olufemi Akinbola (), Kowo Solomon Akpoviroro () and Ojo Olugbenga Abiola ()
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Kowo Solomon Akpoviroro: Department of Business and Entrepreneurship, School of Business and Governance, Kwara State University, Malete.
Ojo Olugbenga Abiola: Assistant Professor, Leeds University Business School, Leeds Beckett University,United Kingdom

Folia Oeconomica Stetinensia, 2019, vol. 19, issue 1, 7-19

Abstract: Research Background: Unemployment has been a major inhibitor of growth and development in Nigeria and it has been a perpetual problem that has proven insurmountable despite various governmental administration interventions and commercial policies to encourage the influx of multinational corporations and foreign direct investment. As such, this study examined the effect of requisite skill availability (RSA) on multinational Corporations locational strategy (LS) as there has always been skill mismatch inhibiting employability.Research Methodology: The study adopted a cross sectional research design and considered 5 multinational corporations in Nigeria by a random sampling technique. The statistical tools used included multiple regressions and a Correlation analysis through SPSS.Results: The results indicated (RSA) has a significant positive relationship with locational strategy (at p = 0.004). It was also observed that other controlling variables as trade facilitation, foreign ownership policy and structural infrastructural availability also has a significant positive effect.Novelty: The study recommends that; the government should provide an education and personal development platform that would make its citizenry employable based on the skills that are needed by multinational corporations to be localized in the country.

Keywords: Requisite Skill Availability; Employability; Multinational Corporations; Locational Strategy (search for similar items in EconPapers)
JEL-codes: M10 M16 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:foeste:v:19:y:2019:i:1:p:7-19:n:1

DOI: 10.2478/foli-2019-0001

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