EFFECT OF MARKETING ON PRIVATIZATION AND COMMERCIALIZATION IN THE OIL SECTOR OF THE NIGERIAN ECONOMY

Format: MS WORD | Chapter: 1-5 | Pages: 67 | 1691 Users found this project useful | Price NGN5,000

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

It is a clear fact that the economic problems facing the Nigerian oil sector are a legion. Worldwide, the petroleum product today are indispensable to human existence and industrial production. Specifically, industries in Nigeria assumed a special importance, such that ninety percent (90%) of her foreign earnings come from the oil sector. About 65% of government total income is equally expected from the sector. The down-stream operations currently contributes as much as 20% of GDP. Hence, the importance crucially of oil sector to productive capacity cannot be over emphasize.

The Nigerian oil sector has been experiencing a downward trend since eighties (80s). though the reason is attributed to the collapse of world market.

Nonetheless, poor management has often adduced for these economics doldrums (a state of stagnation)

Since independence, however, efforts have been made to keep the economy’s growth at a targeted pace. A lot of social-economic policy options have been made. The change is ranging from regulation, deregulation, disregulation, regulation, partial and full privatization scheme, to government actual participation in provision of goods and services. Thus, the establishment of public enterprises in sectors like mining, commerce, agriculture etc.

Engendered by its importance a major that for foreign exchange earnings and determinant of domestic productivity, government investment in oil sector become too large. It hence becomes antithetical to development it’s meant for. The sector is played with uncertainties, inefficiencies and ineffective institution. Thereby, the question of economic activities is reduced. The prime position of oil as a critical factor to economic growth makes it revival efforts inevitable.

To this effect, several options were offered by expert. These include borrowing from the world bank via IMF (International Monetary Fund) facilities. Structural Adjustment Programme (SAP), importation of fuel and deregulation of oil sector. The subject matter privatization and commercialization of public enterprises in oil sector is another option.

The concept of privatization and commercialization is not a new phenomenon in Nigeria economics literatures following the lead of Britain and United states of America, the then president Shehu Shagari administration concerned this concept in 1983, but the idea was aborted by military coup that usurped Shagari in 1984. The then succeeding military government headed by general Muhammed Buhari could not be able to do anything than approaching the concept before another coup in August 1985.

And when president Ibrahim Babangida assumed office he organized a fresh institute to review the earlier policy, a degree called ‘’privatization and commercialization decree 25, 1988’’ was promulgated which facilities legal backing for the exercise. Subsequently, technical committee on privatization and commercialization was inaugurated on the 27th of July 1988. The committee later christened Bureau of public enterprises (BPE) in 1966. It submitted its reports to transitional government of general Abubarkar who privatization proper at earnest before tended over the power to the democracy president Olusegun Obasanjo in May 29th, 1999. Today, much celebrated liberation of Nigeria oil sector is another coinage economic reform which incidentally on area of subject under the discussion in this thesis.

1.2 STATEMENT OF PROBLEM

It is obvious that the essence of public enterprise is to articulate and manage economic development process. A systematic effort in understanding the crisis that is confronting the petroleum product supply and distribution the country begins from the sources of product and the proceeds through a value claims to the final consumer.

Nigeria has been without problems since 1976. It became a special notorious in the late 80s running through 90s, the resultant instalment deteriorations of o r oil refineries has led to the outright breakdown. The attendant consequences of this is oil scarcity extracted by heading, diversion and smuggling. Vandalization of oil pipelines couples with activities of oil ‘’scarenger’’ this causing inferior makes this position but management in Nigeria hydrahuaded and Herculean task.

1.3 OBJECTIVE OF THE STUDY

The objectives of this project is to estimate the efficiency of privatization policy in oil sector. Basically, the concept is review via-a-vis.

a) Low capacity utilization in oil sector and the economy at large

b) Inefficiency in oil sector institutions culminating in scarcity of petroleum products

c) Vandals

d) Subsidy traps

Following closely the study will

a) Appraise commercialization in oil sector using Nigerian National Petroleum Corporation (NNPC)

b) Examine NNPC subsidiaries and modes operandi

c) Delinate between regulation and privatization

d) Make recommendations.

DOWNLOAD THE COMPLETE PROJECT

Project information

Project Price

NGN5,000
Number of Pages

67
Number of Chapters

1-5
Additional Content

Abstract,Table of content and Questionnaire

EFFECT OF MARKETING ON PRIVATIZATION AND COMMERCIALIZATION IN THE OIL SECTOR OF THE NIGERIAN ECONOMY

Not The Topic You Are Looking For?

For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005

Search for your project topic

HOW TO GET THE COMPLETE PROJECT ON EFFECT OF MARKETING ON PRIVATIZATION AND COMMERCIALIZATION IN THE OIL SECTOR OF THE NIGERIAN ECONOMY INSTANTLY

Click on the Download Button above.
Select any option to get the complete project immediately.
Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Joseph M. Yohanna

Thanks a lot, am really grateful and will surely tell my friends about your website.

Excellent

Abraham Ogbanje

NATIONAL OPEN UNIVERSITY OF NIGERIA

At first I was afraid.. But I discovered they are legit. I will bring more patronize

Very Good

Azeez Abiodun

Moshood Abiola polytechnic

I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes

Very Good

Peace From Unilag

I cried not knowing how to go about my project but the day i searched online and saw iprojectmaster, i called and got my full project in less than 15minutes, i was shocked!

Excellent

Emmanuel Essential

Kogi state University

I actually took the risk,you know first time stuff But i was suprised i received as requested. I love you guys 🌟 🌟 🌟 🌟

Very Good

Ibrahim Muhammad Muhammad

Usmanu danfodiyo university, sokoto

It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!

Excellent

Stancy M

Abia State University, Uturu

I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...

Excellent

Abdulrazak Bello Marsha

Usman Dan fodio University

It was quite a better guide for project and paper presentation purpoting. Many thanks.

Average

JONNAH EHIS

Ajayi Crowther University, Oyo

I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!

Excellent

MATTHEW NGBEDE

Ahmadu Bello University

I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!

Excellent

View All Reviews

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on EFFECT OF MARKETING ON PRIVATIZATION AND COMMERCIALIZATION IN THE OIL SECTOR OF THE NIGERIAN ECONOMY? Simply click on the Download button above and follow the procedure stated.
I have a fresh topic that is not on your website. How do I go about it?
How fast can I get this complete project on EFFECT OF MARKETING ON PRIVATIZATION AND COMMERCIALIZATION IN THE OIL SECTOR OF THE NIGERIAN ECONOMY? Within 15 minutes if you want this exact project topic without adjustment
Is it a complete research project or just materials? It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data
What if I want to change the case study for EFFECT OF MARKETING ON PRIVATIZATION AND COMMERCIALIZATION IN THE OIL SECTOR OF THE NIGERIAN ECONOMY, What do i do? Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately
How will I get my complete project? Your Complete Project Material will be sent to your Email Address in Ms Word document format
Can I get my Complete Project through WhatsApp? Yes! We can send your Complete Research Project to your WhatsApp Number
What if my Project Supervisor made some changes to a topic i picked from your website? Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately
Do you assist students with Assignment and Project Proposal? Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately
What if i do not have any project topic idea at all? Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373
How can i trust this site? We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!