The effect of de-regulation of the down stream oil sector on the Nigerian economy - case study of Nigerian National Petroleum Corporation (NNPC) Department: Public Administration By: GodFirst Project ID: 5813 Rating: (5.0) votes: 1Rate this project12345 Price:₦2000 Get the Complete MaterialAbstractDeregulation or the removal of fuel subsidies has been boiling over Nigerians because of its attendant problems such as inflation, hardship, unemployment, the government’s insincerity and unreliability over promises. The privatization of the downstream oil sector enhances investments and empowerment of Nigerians as well as reduce the level of corruption in the sector. The population of study was 400 and a sample size of 200 which give 5% of the total population. Primary and secondary methods of data collection were adopted. Also, three hypotheses were tested the objective of this study is to evaluate the pattern of petroleum prices in Nigeria. The problem of this study is that market failure made government to venture into petroleum product marketing and distribution. The findings revealed that the removal of petroleum subsidy will bring attention on the government to promote other relevant sectors of the economy like education, health and agriculture. And also deregulation will break the monopoly of Nigeria National Petroleum Corporation (NNPC). The following recommendation were made, that the four refineries already established should be maintained and made to operate at full capacity. The government should show degree of honesty, sincerity, accountability, reliability, transparency and integrity in its dealings with the people. This research work focuses on social-economic implications of deregulation by examining the merits and demerits involved. This work recommends that the nation will be better off with this privatization of the downstream oil section provided that Nigerians are carried along and the government provides the essentials of life as a remedy. ...Preview Download Preview +Other Public Administration project topics and materials you might be interested in»Impact of industrial conflict on the performance of workers in the government parastatal (a case study of Nigeria National Petroleum Corporation (NNPC)»Human resources as a catalyst for economic growth and development in Nigeria (a case study of Abuja municipal area council) »The influence of effective personnel management practice in organization performance»Local government financial autonomy and grass root development in Nigeria (a case study of Afikpo north local government area)»Enhancing political stability in Nigeria through good governance ( a case study of Abia state)»Niger-Delta crisis and its impact on socio-economic development in Nigeria»Manpower training and development as a tool for effective performance in public sector in Nigeria»Bureaucracy and efficiency (a case study of Enugu state civil service)»The impact of poor revenue generation on the development of Local Government Areas»Political instability a major hindrance to effective policy implementation and good governance (a case study of Nigeria 1983 -1999)»Accountability and corruption in local government in Nigeria (Case study of Bonny local government area of Rivers state)»Fuel subsidy removal and the Nigerian economy (a case study of Abakiliki local government area, Ebonyi state) »Effects of delayed payment of lecturers salaries and wages on students performance»Impact of collective bargaining techniques on industrial relations practice (a case study of two selected firms from NUPENG and NUBIFE)»The influence of employee behaviour on the internal audit function of an organization (a case study of P.Z. industries plc Aba)