Commercial Policy’s Trade Facilitation Effects on Cost of Operations as Determinants of Multinational Corporations Employability

Abstract

This study examined commercial policy’s trade facilitation effects on employability of multinational corporations in Nigeria considering whether trade facilitation(TF), has a significant effect on the multinational Corporations employability expressed in cost of operation (COP). The study adopted cross sectional research design and considered 5 multinational corporations in the food and beverage and conglomerate sub-sector in Nigeria based on random sampling technique by employing primary data. The sample size constituted the lower, middle and senior level staff of the multinational Corporations at their headquarters and plants to achieve the objectives of this study based on the hypothesis that was formulated. Both descriptive and inferential statistical techniques were employed. The statistical tools used included cross tabulations, Mean, Regression and Correlation analysis with the aid of SPSS computer packages. The results showed that trade facilitation (TF) have significant effect on cost of operation (at P=0.000). In conclusion, the study reflected that each of the performance indicators under consideration related with commercial policy and employability implies the need for compliance by multinational corporations to be ensured as governmental follow up in areas of trade facilitation is pertinent to employment creation. The study recommends that; government is encouraged to continue to play her regulatory, facilitating and participatory roles to foster an enabling operating environment as it will contribute towards firm competitiveness in the domestic and global marketplace.