Impact Of De-Regulation Of The Down-Stream Oil Sector On Economy
(A Case Study Of Nigerian National Corporation) (Nnpc)
Deregulation or the removal of fuel subsidy has been boiling over Nigerians because of its attendant problems such as inflation, hardship, unemployment, the government’s insecurity and unreliability over promises. The privatization of the downstream oil sector will enhance investments and empowerments of Nigerians as well reduce the level of corruption in the sector. The population of study was 400 and a sample size of 200 which give 5% of the total population. Primary and secondary method of data collection was adopted. Also, three hypotheses were tested The objective of this study is to evaluate the patter of petroleum prices in Nigeria. The problem of this study is that market failure made government to venture into petroleum product marketing and distribution. The findings revealed that the removal of petroleum subsidy will bring attention on government to promote other relevant sector of economy like education, health and agriculture. And also Deregulation will break the monopoly of Nigeria National Petroleum Corporation (NNPC). The following recommendation were made, that the four refineries already established should be maintained and made to operate at full capacity. The government should show degree of honesty, sincerity, accountability, reliability transparency and integrity in its dealings with the people. This research work focus at social-economic implications of the deregulation by examining the merits and demerits involved. This work recommends that the nation will be better off with this privatization of downstream oil section provided that Nigerian are carried along and government provides the essentials of life as a panacea.
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Title
Approval Page
Dedication
Acknowledgement
Abstract
Table of contents
CHAPTER ONE
1.0 Introduction •
.1 Background of the Study
1.2 statements of problem
1.3 objectives of the study
1.4 research question
1.5 statement of Hypothesis
1.6 Significance of the Study
1.7 Scope of the study
1.8 Limitations of the study
1.9 Definition of terms
CHAPTER TWO
LITERATURE REVIEW
2.1 Socio-economic implication of
De-regulation of the downstream oil
Sector in Nigeria
2.2 The essence of deregulation
2.3 The fear of Nigerians on subsidy removal
2.4 The economic of deregulation in the
Downstream petroleum sector
2.5 Oil sector Deregulation the revolution
Nigerian needs
2.6. The economic of privatizing and
Deregulation in the Nigerian
Downstream oil sector
2.7. Refineries in crisis
2.8. Deregulation and the Nigeria economy
2.9. Breaking the monopoly
2.10 Possible unintended outcomes
2.11 Impact of privatization and deregulation 18
2.12 Reductive effect of subsidy removal
Nigerians
2.13 Comparative costs of fuel among
OPEC, table I. comparative prices
Per liter of petrol in Nigeria currency
(naira)
2.14 Table 2: Comparative petrol prices
Among some African countries.
2.15 Table 3: Comparative petrol prices
Among some African countries 11.
2.16 Table 4: Comparative petrol prices
2.17 Table 5: Deregulation a true step of
Growth
2.18 Deregulation, pricing and subsidy
Analysis’s perspective
CHAPTER THREE
2.0 W&i iâ gy
3.1 Introduction
3.2 Research design
3.4 Sources/methods of data collection
3.5 Sampling techniques
3.6 Validity and reliability of measuring instruments
3.7 Method of data analysis
CHAPTER FOUR
4.0 Presentation and analysis of data
4.1 Introduction
4.3 Analysis of data
4.5 interpretation of result
CHAPTER FIVE
5.0 Summary, Conclusion and Recommendation
5.1 Introduction
5.2 Summary
5.3 Conclusion
5.4 Recommendation
Bibliography
Appendixes
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