JOURNAL OF RESEARCH IN NATIONAL DEVELOPMENT VOLUME 3 NO 1, MARCH, 2005
MULTINATIONAL COMPANIES AND JOINT VENTURE INVESTMENT MANAGEMENT STRATEGY: A CONTEMPORARY DIAGNOSIS OF NIGERIA’S OIL SECTOR.
Dr. G. A. Okwandu, Senior Lecturer in Marketing, Department of Business Administration, Rivers State University of Science and Technology, Port Harcourt
Dr. P. U. C. Agundu, Lecturer in Banking and Finance, Faculty of Management Science, Rivers State University of Science and Technology, Port Harcourt
C. N. Achigbu, Port Harcourt – based Management Consultant
This study brought to the fore, critical issues relating the Joint Venture Arrangement (JVA) prevailing in the Nigeria’s oil sector. The JVA option was considered the best alternative strategy for optimizing Nigeria’s oil returns and indigenous capacity building, since April 1971. questionnaire was designed and administered on a stratified random sample of 240 indigent senior officials of frontline oil sector organizations (with area/zonal offices) in Port Harcourt. Data analysis mainly involved in the application of chi-square (x2) statistical technique, which indicated that the JVA has made marginal contributions towards indigent executive/operative capacity building. It is therefore imperative for the parties to comprehensively make up for the functional lapses and partner effectively to promote entrepreneurial employment alternatives.
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