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Articles 1 - 10 of 10
Full-Text Articles in Social and Behavioral Sciences
Deregulation Of The Oil And Gas Industry In Nigeria, F. Kupolokun
Deregulation Of The Oil And Gas Industry In Nigeria, F. Kupolokun
Economic and Financial Review
This paper examine various developmental reforms in Nigeria Oil and Gas sector. The case study adopted is the survey method approach to ascertain various reforms in the sector. The findings revealed factors such as ( a) Petroleum Products scarcity ; (b) Funding problems for NNPC leading to irregular maintenance of refining and distribution facilities ; ( c) Refining capacity under-utilization ; ( d) Smuggling of Petroleum products; ( e) Divestment by marketers; (f) Wastages; (g) Adulteration of products and fire hazards; (h) Social and political unrest; (i) Poor economic growth; and (j) Rampant pipeline ruptures and vandalization. And, in tackling …
Deregulation And Its Implications For Economic Growth, B.E. Aigbokhan
Deregulation And Its Implications For Economic Growth, B.E. Aigbokhan
Economic and Financial Review
The study found that real exchange rate has a positive and significant impact on growth, inflation has similar impact. Government fixed investment has negative significant impact on growth, and so does external debt. Fiscal deficit was found to have positive but insignificant impact on growth. As the period covered in the study contains twenty six pre-deregulation years, the influence of deregulation may not have been accurately captured. Partly to address this concern, a dummy variables was introduced for the SAP years. It was found not to be significant, implying that the (SAP) introduced since 1986 did not translate into long-run …
Opening Remarks: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, S. B. C. Ekpedekumo
Opening Remarks: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, S. B. C. Ekpedekumo
Economic and Financial Review
This is the opening remarks by S. B. C. Ekpedekumo, Acting. Director; Human Resources Department, central Bank of Nigeria, at the In-house seminar on “current economic reforms in Nigeria: the case of deregulating the downstream petroleum subsector’’ for CBN Executive Staff, Ilorin, October 25 . 29, 2004.
Keynote Address: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, Ernest C. Ebi
Keynote Address: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, Ernest C. Ebi
Economic and Financial Review
This is the Keynote address by Ernest C. Ebi, Deputy Governor Central Bank of Nigeria, Abuja, Central Bank of Nigeria, at the In-house seminar on “current economic reforms in Nigeria: the case of deregulating the downstream petroleum subsector’’ for CBN Executive Staff, Ilorin, October 25-29, 2004.
Welcome Address: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, P. O. Okonkwor
Welcome Address: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, P. O. Okonkwor
Economic and Financial Review
This is the welcome address by P. O. Okonkwor, Branch Controller, Central Bank of Nigeria, Ilorin, at the In-house seminar on “current economic reforms in Nigeria: the case of deregulating the downstream petroleum subsector’’ for CBN Executive Staff, Ilorin, October 25-29, 2004.
Special Remarks: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, 0. J. Nnanna
Special Remarks: Seminar On Current Economic Reforms In Nigeria: The Case Of Deregulating The Downstream Petroleum Subsector, 0. J. Nnanna
Economic and Financial Review
This is the special remarks by O. J. Nnanna, Director of Research, Central Bank of Nigeria, Abuja, at the In-house seminar on “current economic reforms in Nigeria: the case of deregulating the downstream petroleum subsector’’ for CBN Executive Staff, Ilorin, October 25-29, 2004.
Pricing Of Petroleum Products In Nigeria And The Issue Of Price Subsidy, G. E. Ukpong
Pricing Of Petroleum Products In Nigeria And The Issue Of Price Subsidy, G. E. Ukpong
Economic and Financial Review
This article re-examines the policy on petroleum products pricing, especially against the background 'Of government's decision in October 2003 that crude oil for domestic consumption be paid for at the prevailing international price, in order to suggest a way forward. The issue of subsidy is also discussed in that context. The rest of the paper is organized as follows: Section II contains literature review on petroleum products pricing and subsidy. Petroleum products pricing and subsidy management in Nigeria is found in section III. Section IV contains suggested way forward in products pricing in Nigeria as well as concluding thoughts.
Funding Of Oil Sector Activities In Nigeria, G. Nzekwu
Funding Of Oil Sector Activities In Nigeria, G. Nzekwu
Economic and Financial Review
The article examines the funding of the Nigerian oil sector considering the special importance to Nigeria and the critical impact Nigeria's oil has on the world economy. Nigeria, currently the seventh largest oil producer in the world has an oil reserves which represent 6 percent of the world's total outside the Middle East. With 4 per cent of total global production, and the fifth-largest oil producer within OPEC, Nigeria is well located relative to the world markets and so attracts buyers from the major world economies. The article then examines how higher prices of Nigeria’s oil affect the global economy; …
Deregulation Of The Downstream Petroleum Sector: The Journey So Far, Oluwole Oluleye
Deregulation Of The Downstream Petroleum Sector: The Journey So Far, Oluwole Oluleye
Economic and Financial Review
This article examines deregulation of the downstream petroleum sector in Nigeria. The article first discusses: the Nigerian government's aspirations as at 1999, evolution of the present deregulation policy, deregulation concept and downstream operators. This is followed by an examination of the Nigerian government responsibilities to operators, responsibilities of oil marketing companies, responsibilities of industry associations and responsibilities of regulatory authorities. The article then explains the mandate and vision of the PPPRA in addition to its goals and objectives. Other issues addressed by the article include: appropriate pricing, global taxation scheme, policy development in fuel taxation objectives, appropriate pricing policy. Experiences …
The Social Implications Of The Deregulation Of The Downstream Petroleum Sub-Sector, Ogecbukwu Ugbam
The Social Implications Of The Deregulation Of The Downstream Petroleum Sub-Sector, Ogecbukwu Ugbam
Economic and Financial Review
This article examines the social implications of the deregulation of the downstream petroleum sub-sector in Nigeria. The deregulation of the downstream petroleum sector is part of the economic reform package of the present administration that is designed to among diversify the economic base of the country and reduce the relative dominance of the oil sector, and to create a vibrant sector that can respond to the rigors of market forces (NEEDS Document,). The article covers topics that include: an examination of the the downstream sub-sector and the rationale for deregulating the downstream sub-sector. This is that optimal allocation of resources …