Call 08068929770 for any enquiries.

Project Topic:

NIGERIA DEREGULATION, IMPACT AND IMPLICATION

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 30 ::   Attributes: Data Analysis, abstract, table of content
::   132 people found this useful

Project Body:

TABLE OF CONTENTS

CHAPTER ONE

Introduction

1.1              General introduction

1.2              Statement of problems

1.3              Problems definitions

1.4              Objectives of the study

1.5              Formation of Hypothesis

1.6              Significance of the study

1.7              Scope of the study

1.8              Limitations of the study

CHAPTER TWO

Literature review

2.0              General Discussion

2.1       Deregulations law

2.2              Partial deregulation

2.3              Demand side

2.4              Compute deregulation

CHAPTER THREE

Research methodology

3.0              Introduction

3.1       sources of data

3.2              Location of data

3.3              Methods of data collection

CHAPTER FOUR

Presentation of data

4.1              Introduction

4.2              Presentation of data

4.3              Analysis of data

4.4              Theory Hypothesis

CHAPTER FIVE

5.1              Summary and findings

5.2              Recommendation

5.3              Conclusion

5.4              Bibliography

CHAPTER ONE

 

1.1              INTRODUCTION

The petroleum oil sector is the major area where Nigeria income emendates. Before the discovery of crude oil, agriculture is the major source of income in this country and it forms the major exporting base in this country then. Right now, Nigeria exports more than 50, 000 barrels of oil a day to other countries in this country, the oil sector is controlled by the federal government under the direct supervision of Nigeria National Petroleum Cooperation, whose immediate chairman is chief fusnso Kupkolukun who succeed Pius Obaseki. The NNPC is vested with the power refine Nigeria crude oil but other petroleum agencies like orient petroleum, cheoron, EIF, Total etc con embark in exploration of land areas that might concern crude and possible extraction.

The oil sector is controlled by the federal and this makes them to be the sole monopoly of this sector. Therefore, president Olusegun Obasanjor announced the deregulation policy which not only restricted to the oil sector, but to other sectors of the economy” commercialization and prostration of all the sectors of the economy. President Olusegun Obasanjor in Lagos on 27th February 2001, Obasanjo said that deregulation would mean the end to the existing subsidy system in the sector.

Due to the Non competitiveness of the fuel prices in Nigeria, no investor will establish a refining in the country, said the president, instead, the government will subside the social services and improve publics utilities like education, health, transport, power and water Obasanjo said on the occasion.

Nigeria currently spends billions of U.S dollars on subsidization of oil products every year, but still experiences fuel shortages from time to time. So, the aim of this derogation policy is to ensure that fuel shortages are curbed and that the constant labour stricken because of the incessant rise and hike in the fuel prices is also curbed.  

Nupeng and pengassen are also involved in the regulatory process, because both are indirectly involved in supply of petroleum, thereby possible shortage in fuel supply might be triggering off by the acovgies of nupeng and pengassen.

1.2              STATEMENT OF PROBLEM AND PURPOSE OF THE PURPOSE OF THE MASTER:

There is the Ned to redress the issue of petroleum scarcity and the huge rise in pump prices in it country. The deregulation of oil sector is meant to reduce this but the question now is what proper process should be involved in the deregulation. So the cause of dacaricty and high-rise in pump prices might also be attributed to the monopoly of the oil sector, by the federal government, the scholiast of oil radials and bunkering and almost, the improper management of our refining by NNPC.

The purpose of this study, is to know whether the presidential proclamation on February 2001 on the deregulation whether it will yield the desired results, and to know its impacts and implication. This research project purpose is to bring to the notice the impact of the deregulation has on the oil sector economy and the implication of such policy. Because, deregulation is meant to end the existing obstacles and problems inherent in the oil sector.

1.3              BACKGROUND OF THE STUDY

The Nigeria National petroleum cooperation (NNPC) cooperation that controls the oil sector of this country, is involved in the reefing and supply of petroleum to every hook and corners of this country, since the 1960’s when Nigeria experiences the era of oil boom, that is the period which the mecum source of revenue shifted from commercial agriculture to oil because of the discovery of crude oil in Nigeria land.

The refineries in port court and Kaduna are the major refineries refining crude oil, in this country. So the major supplies of fuel, kerosene, diesel and gas are based on the refining of petroleum and this usage are also based on supply to various outlets in the country. The 1990’s experience the shortage of petroleum and subsequent scarcity, which led to the hike in the price by the various presidents. So the oil sector curled not delivered its dividends, which are expected to it. So the announcement by president Olusegun Obasanjo that the oil sector should be deregulated was met by missed feelings by all and supply in this country. This missed feeling has to do with the fact that it is wise decision or a very wrong decision since the oil sector is a major income earner in this country.

So this has led to this research project which is geared towards knowing the impact and implications of the deregulation policy, this is to ascertain whether the policy when and if implemented is the right decision that will permanently solve the issue of scarcity and hike in pump prices or whether such decision is bound to compound the problem of pump hike and scarcity.

1.4              RATIONALE OF THE STUDY

This study which is to ascertain whether the deregulation of the oil sector yield what is supposed to yield and also to know the benefits that are accruable to all and sundry because of policy.

Therefore, the rationale for this study to check the oil sector and to find out the following:

·         The causes of incessant fuel like and fuel scarcity.

·         Deregulation policy, is the best policy needed in reshaping and redirecting our oil sector

·         Can this deregulation curb this frequent issue of scarcity

·         Will this deregulation strengthen our oil sector and bring equilibriums in the economic balances of this country.

So this research report is based on the following retainable, so that in the end, we can be able to distinguish more clearly the deregulation polices and the polices that accompanies it, coupled with the fact that the positive and negative impacts and implication of this policy will be noted so, the rationale will be specifically on the impacts and implications of oil sector deregulation.

1.5              SIGNIFICANCE OF THE STUDY

It is aimed that this deregulation of the oil sector will help in tackling the issue of scarcity. The real aim of oil sector is the provision of steady supply of petroleum so since this aim was unable to be achieved before the presidential announcement on 21st Feb. 2001, of the aim to deregulation the oil sector. So the significance of this study is to find out whether the aim of the deregulation is achieved or will be achieved and that whether the aim of the deregulation is the aim in such a total flap. This project topic will significantly portray the impacts and implication of such deregulation policy. So whether the deregulation of the downstream sector of oil will yield the required dividends will be found out at the end of this project research. Even this research is also significant because the problems that our industry is suffering will also be determined and know whether such problems can be curbed.  

1.6              OPERATIONAL DEFINITION OF TERMS

1.      Oil sector this is the part of or field of business activity that is concerned with the refining and supplying of petroleum to all parts of the country.

2.      Deregulation according to Advanced learners dictionary deregulation means the amendments or making of another regulations in respect to an existing issues or programmes

3.      Impacts and implication the effect of such deregulation polices on the oil sector whether polices were able to yield its required results.

4.      Implication can also be defined as the tendency in which the deregulation is to be blamed or not be blamed in the problems encounter by the oil sector especially that of fuel scarcity

Project Department:

MORE BANKING AND FINANCE FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS


Get The Complete Project »

Instantly Share this Project On Social Media:

CLOSELY RELATED BANKING AND FINANCE FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis  ::   251 engagements

ABSTRACT This project work is carried out to examine the contribution of micro finance banks to the development of Small and medium scale enterprises in Nigeria. The Brass micro finance bank is used a...Continue reading »

A STUDY ON THE ACCEPTANCE AND ADOPTION OF THE CBN CASHLES POLICY IN PORT HARCOURT, NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   190 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY One of the prerequisites for the development of national economy according to Ajayi et al, 2006 is by encouraging a payment system that is secu...Continue reading »

A STUDY ON THE IMPACT OF BUDGETARY CONTROLS ON THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIDELITY BANK PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   196 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY AND PROFILE OF THE ORGANIZATION Following the uncertainties prevailing in the Nigerian business environment today, managers and stakeholders mu...Continue reading »

ANALYZING PERFORMANCE APPRAISAL TECHNIQUES IN UNION BANK NIG PLC

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   563 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY In any evaluation of the condition necessary for the growth and survival of an organization, the role of performance appraisal is a strategic f...Continue reading »

AUDIT INDEPENDENCE: ENHANCING ACCOUNTABILITY AND TRANSPARENCY IN CORPORATE ORGANIZATIONS

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 71 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   199 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the study The subject of transparency and accountability in modern day corporate organizations has continued to receive attention as never before. It has b...Continue reading »

CREDIT MANAGEMENT AND ISSUES OF BAD DEBTS IN COMMERCIAL BANKS IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract

The article on this topic (credit management and issues of bad debts in commercial banks in Nigeria) is an extract from literature review of the project material. The complete project work would be ma...Continue reading »

What are you looking for today?

WHAT OUR CUSTOMERS ARE SAYING:

  • 1. Rita Eze from abia state university said "thank you so much for your sincerity; i will tell my friends about you guys.".
    Rating: Very Good
  • 2. JULIET from UNIMAID said "I THANK YOU GUYS FOR BEING HONEST.....I WILL TELL MY FRIENDS ABOUT YOU GUYS. THANKX SO MUCH".
    Rating: Excellent
  • 3. Lilian Terdoo from BSU said "i have nothing to say but thanx for being honest. i appreciate u guys...".
    Rating: Very Good
  • 4. Demien Johnson from UNN said "Uniprojectmaterials is a blessing to researchers. my job was eased up by you guys. your jobs have good quality and was delivered on time to me. Thanks a million times".
    Rating: Very Good
  • 5. Patience from unilag said "i was having difficulties handling my dissertation of 12000 words. until i stumbled on uniprojectmaterials, my work was ready in three days with high quality write up and excellent data analysis, i will tell all my friends about u guys. Mr Donald is a very nice person, he should be in charge of the phone. he attended to me very well. God bless. ".
    Rating: Excellent
  • 6. James Ike from College of Education, Gindiri said "Great delivery. Una dey try wella!!!".
    Rating: Excellent

Paper Information

Format:ms word
Chapter:1-5
Pages:30
Attribute:Data Analysis, abstract, table of content
Price:₦3,000
Get The Complete Project »

Best Selling Projects