ProjectClue.com WhatsApp or Call Us

projectclue whatsapp icon07030248044

Project Topic:

NIGERIA DEREGULATION, IMPACT AND IMPLICATION

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 40 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   4,383 people found this useful

Project Department:

BANKING FINANCE UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

ABLE 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.

Get the complete project »


Instant Share On Social Media:


Can't find what you are looking for?
Call (+234) 07030248044.

OTHER SIMILAR BANKING FINANCE PROJECTS AND MATERIALS

A CRITICAL ANALYSIS OF CAUSES AND PROBLEM OF FINANCIAL DISTRESS IN NIGERIA BANKING SECTOR (A CASE STUDY OF AFEX BANK PLC.)

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

CHAPTER ONE INTRODUCTION The importance of capital as a necessity though not sufficient condition for economic growth is recognized in development economy where it is believed that the position of ...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE. (A CASE STUDY UNION BANK OF NIGERIA PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   6355 engagements

CHAPTER ONE INTRUDUCTION BACKGROUND OF STUDY A farmer, who plants corps, expects result, similarly to student who sits for examination expects results. The same 5 also true of an investor. For the ...Continue reading »

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  ::   19265 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 CRITICAL APPRAISAL OF CURRENT ASSETS MANAGEMENT IN PUBLIC LIMITED LIABILITY COMPANIES

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3640 engagements

ABSTRACT This project examined the management of current assets in public Limited Liability Company. It is obvious that no company can perform well without good current asset management. This cares f...Continue reading »

A CRITICAL APPRAISAL OF CURRENT ASSETS MANAGEMENT IN PUBLIC LIMITED LIABILITY COMPANIES

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 55 ::   Attributes: Questionnaire, Data Analysis, Abstract

CHAPTER ONE 1.0 INTRUDUCTION: Current assets as one of the management tolls of business organization are very important in the proper function of business and achievement of organizational goal. Cur...Continue reading »

A CRITICAL ASSESSMENT OF THE SURVIVAL STRATEGIES OF DEPOSIT MONEY BANKS IN A DEPRESSED ECONOMY

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   1808 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Nigerian economy is faced with national and global economic challenges and as such, the financial institutions, especially the banking sector ha...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Abubakar Sani from Nigerian Investment Promotion Commission said "I had a wonderful experience using ProjectClue, they delivered not only on time, but the content had good quality. I recommend ProjectClue for any project research work.".
    Rating: Excellent
  • 2. Ogunniran Olawale from Ekiti state university said "Projectclue is really safe and reliable Quick access to project works Nice customer service Fast delivery of request Recommend this toy fellow students ".
    Rating: Excellent
  • 3. Fahat Nasir from isa kaita college of education dutsinma said "Fish farming a solution unemployment ".
    Rating: Very Good
  • 4. Ajimbi Oluwarotimi from Theology school osun said "Good ".
    Rating: Very Good
  • 5. Clement Abdullahi Ogiji from National Open University of Nigeria said "I am a living witness and have recommended project clue to a lot of students, so far none have been disappointed, very reliable and, trustworthy and dependable".
    Rating: Excellent
  • 6. Jhuee from Sultan national high school said "Good quality. I recommend project clue for any project research work.".
    Rating: Excellent