THE EFFECT OF DEREGULATION OF THE OIL SECTOR ON THE NIGERIAN ECONOMY
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 33 pages | 1-5 chapters | Amount: ₦5,000 | 58 orders. | Marked useful: 15,453 times
INSTANT PROJECT MATERIAL DOWNLOADCHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The economic system practiced by any country determines the type of economic policy that country produces, that is determines the monopoly of power of power in production and distribution activities with special reference to the ownership, decision making as well as incentive structure operating in the country. Karl Polory (1964) distinguishes three (3) main types of economic system as the traditional (subsistence) planned (command) and market economy. However, the field of comparative economic system breaks the above categories into the capitalism, socialism and communism.
The economic system operative in Nigeria are basically the capitalism, socialism and communism system. But with the collapse of the communism and socialism economic policies in 1986 to give rise to a unipolar economic system-capitalism the policy of “deregulation” has been found expedient to implement.
This policy (deregulation) was first mooted during the military era but was given fillip by the present administration.
1.2 STATEMENT OF PROBLEM
The problems surrounding the deregulation of oil sector which this research topic aims to investigate are:
Does deregulation affect the price of petroleum?
Does deregulation affect the price of goods and services?
Does deregulation encourage the growth of the economy?
Does deregulation improve the standard of living of the people?
1.3 PURPOSE OF THE STUDY
The major objectives of this study are to access
1) The effects of deregulation of the oil sector on the Nigerian economy.
2) The season and problems of deregulation of the Nigeria oil sector.
3) To proffer solution based on findings on the study that will be useful for deregulation policy and achievement of stable balance of payments.
1.4 SCOPE OF THE STUDY
The scope of this project will centre around the deregulation of the down stream sector as it affects other sectors of the economy with specific reference.
1.5 SIGNIFICANCE OF THE STUDY
This study is significant in the sense that it looks into the deregulation of the Nigeria oil sector as a means of liberalizing the economy and encouraging competition hence, this study is beneficial to both academicians and non academicians as it will enable them know, and it will also suggest solutions to some of the problems associated with the policy.
1.6 HYPOTHESIS OF THE STUDY
To empirically carry out this research, the following hypotheses have been formulated for testing.
a) Ho 1: deregulation of the oil sector does not significantly affect the pump price of petroleum products.
b) Ho 2: deregulation of the oil sector does affects significantly the pump price of petroleum products.
This material content is developed to serve as a GUIDE for students to conduct academic research
DOWNLOAD THIS PROJECT MATERIAL NOW!
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
ASSESSING THE NEXUS BETWEEN CAPITAL BUDGETING AND PERFORMANCE OF CORPORATE ENTITIES
ASSESSING THE NEXUS BETWEEN CAPITAL BUDGETING AND PERFORMANCE OF CORPORATE ENTITIES CHAPTER ONE INTRODUCTION 1.1 Background Of The Study An effic...More »
Item Type: Project Material | 54 pages | 0 engagements |
- 2.
AN INVESTIGATION OF EARNINGS MANAGEMENT AND ITS EFFECT ON CORPORATE TAX AVOIDANCE
AN INVESTIGATION OF EARNINGS MANAGEMENT AND ITS EFFECT ON CORPORATE TAX AVOIDANCE CHAPTER ONE INTRODUCTION Background of the study Companies see ...More »
Item Type: Project Material | 57 pages | 640 engagements |
- 3.
THE CAUSES AND CONSEQUENCES OF FLOOD ON THE SOCIO - ECONOMIC LIVELIHOOD OF URBAN AREAS OF KENYA
THE CAUSES AND CONSEQUENCES OF FLOOD ON THE SOCIO ECONOMIC LIVELIHOOD OF URBAN AREAS OF KENYA CHAPTER ONE INTRODUCTION 1.1 Background of the Study ...More »
Item Type: Project Material | 57 pages | 814 engagements |
- 4.
IMPLICATIONS OF FUEL SUBSIDY REMOVAL CRISIS IN NIGERIA
CHAPTER ONE INTRODUCTION 1.1 Background of the study The removal of fuel subsidies in Nigeria has been a subject of considerable controversy and de...More »
Item Type: Project Material | 54 pages | 2,689 engagements |
- 5.
AN INVESTIGATION INTO THE CAUSES AND EFFECT OF HIGH EXCHANGE RATE ON THE NIGERIA ECONOMY 2019-2023
AN INVESTIGATION INTO THE CAUSES AND EFFECT OF HIGH EXCHANGE RATE ON THE NIGERIA ECONOMY 2019 2023 CHAPTER ONE INTRODUCTION 1.1 Background of the s...More »
Item Type: Project Material | 54 pages | 1,598 engagements |
- 6.
A CRITICAL EVALUATION ON THE IMPACT OF SUBSIDY WITHDRAWAL IN 2023 ON THE ECONOMIC GROWTH OF NIGERIA
CHAPTER ONE INTRODUCTION 1.1 Background of the study Globally, fuel subsidy reform is increasingly seen as an opportunity for consolidating publi...More »
Item Type: Project Material | 54 pages | 1,406 engagements |