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Nigeria Deregulations, Impact And Implication

5 Chapters
|
34 Pages
|
4,467 Words
|
Banking and Finance

Complete Nigeria Deregulations, Impact And Implication Project Materials (Chapters 1 to 5):

TABLE OF CONTENT

Title page
Approval page
Dedication
Acknowledgement
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

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 need to address 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 LIMITATIONS OF THE STUDY AND SCOPE
The scope of this study covers the deregulation policy of president Olusegun Obasnayo, its impacts and implication and the reactions and feelings of individuals towards this deregulation policy. The impact it has on oil marketing firms like Mobil, EIF and total, so these are what these research topic is are restricted to all the issues concerning deregulation policy.
 Lack of literature and journals on the deregulation
 The inability of people being questioned to release vital information on this deregulation.
 The death of literature and journals on deregulation.
 The incorporation attitude of people being questioned.

1.7 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.

 

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Project Structure

The introduction of Nigeria Deregulations, Impact And Implication should start with the relevant background information of the study, clearly define the specific problem that it addresses, outline the main object, discuss the scope and any limitation that may affect the outcome of your findings

Literature Review of Nigeria Deregulations, Impact And Implication should start with an overview of existing research, theoretical framework and identify any gaps in the existing literature and explain how it will address the gaps

Methodology of Nigeria Deregulations, Impact And Implication should describe the overall design of your project, detail the methods and tools used to collect data explain the techniques used to analyse the collected data and discuss any ethical issues related to your project

Results should include presentation of findings and interpretation of results

The discussion section of Nigeria Deregulations, Impact And Implication should Interpret the implications of your findings, address any limitations of your study and discuss the broader implications of your findings

The conclusion of Nigeria Deregulations, Impact And Implication should include summarize the main results and conclusions of your project, provide recommendations based on your findings and offer any concluding remarks on the project.

References should List all the sources cited in Nigeria Deregulations, Impact And Implication project by following the required citation style (e.g., APA, MLA, Chicago).

The appendices section should Include any additional materials that support your project (Nigeria Deregulations, Impact And Implication) but are too detailed for the main chapters such as raw data, detailed calculations etc.