By Okemini, Ogbonna. O
Multinational Corporations are now globally accepted business firms which have adopted various cultures and take responsibility for their host communities socially. The appraisal of multinational corporation to the contribution of community development became necessary to evaluate the extent of exploration carried out by multinational corporations in Nigeria. The study investigated Oil Exploitation by Mobil Producing Nigeria Unlimited and socio-economic activities of the people of Akwa Ibom State, 2000-2014. The study adopted Corporate Social Responsibility (CSR) as it theoretical framework of analysis. Corporate Social Responsibility is seen as a continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community. It is one of the newest management strategies where companies try to create a positive impact on the society while doing business. Data for the study were gathered through primary and secondary sources. The research findings based on our empirical investigation revealed among others that available social development indicators in Akwa Ibom State point to inadequate, unavailable, and poor quality infrastructure and social services, from water to telecommunication, the historical neglect of the region’s development poses a steep barrier to attaining socio-economic transformation . The study recommended among others that government should provide adequate mechanism that would monitored the activities of the oil companies in the area. The affected communities should be provided with an alternative livelihood since their environment has been devastated due to oil companies activities.