DEREGULATION OF THE DOWNSTREAM OIL SECTOR IN NIGERIA AS A PANACEA TO ECONOMIC RECOVERY..
DEREGULATION OF THE DOWNSTREAM OIL SECTOR IN NIGERIA AS A PANACEA TO ECONOMIC RECOVERY OF THE COUNTRY: (AN ANALYSIS OF 2010-2015 ECONOMIC PROGRAMME OF NIGERIA)’
ABSTRACT
The research is an appraisal on the deregulation of the downstream oil sector in Nigeria as a panacea to economic recovery of the country (An Analysis of 2010-2015 Economic Programme of Nigeria). The study elucidate on the problems confronting deregulation of the downstream oil sector in Nigeria, policy objectives and the impact of deregulation of the downstream oil sector.It also examine the pre and unrealistic deregulation era and make critical compromise. And to explore the reason why partial deregulation has not yielded the desired result in terms of prices and supply. Data collection was also used in the research work, data collection is an important aspect of any type of research study. The method of data used for this study was primary and secondary sources. The researcher administered a total of 80 copies questionnaires to both in rural areas, from the data the following finding were apparent that a tremendous impact was made by downstream oil sector in Nigeria oil industries. Finally the findings and conclusion in the research work were also discussed, showing that without proper management, control and investment the revenue generated from deregulation of the downstream oil sector will be embossed by corrupt government officials. If government decide to force down the deregulation policy as currently conceived, it will greatly erode the ability of the people to cope with further price increases on petroleum products. Businesses would be further impaired to operate under a regime of higher energy cost, while ease of doing business indicators remains generally negative in the country
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