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EVALUATION OF THE DEREGULATION OF THE DOWNSTREAM SUB-SECTOR OF THE NIGERIAN PETROLEUM INDUSTRY (2003-2012)

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TABLE OF CONTENTS
Title page……………………………………………………………………………… i
Approval Page ……………………………………………………………………………………………….. ii
Certification…………………………………………………………………………… iii
Dedication ……………………………………………………………………………………………………. iv
Acknowledgment ………………………………………………………………………………………….. v
Abstract……………………………………………………………………………….. vi
Table of Contents ………………………………………………………………………………………….. vii
CHAPTER ONE: INTRODUCTION
1.1 Background to the Study ……………………………………………………………………………. 1
1.2 Statement of the Problem ………………………………………………………………………….. 5
1.3 Objectives of the Study …………………………………………………………………………… 6
1.4 Significance of the Study …………………………………………………………………………. 7
1.5 Scope and Limitations of the Study …………………………………………………………. 8
CHAPTER TWO
2.1 Literature Review …………………………………………………………………………………… 9
2.1.0 Introduction ………………………………………………………………………………………… 9
2.1.1 Concept and Meaning of the Deregulation of the Downstream Sub-sector …. 9
2.1.2 Evaluation of the Downstream Petroleum Deregulation Policy ……………… 11
2.1.3 Benefits of the Deregulation of the Downstream Sub-sector ……………………… 14
2.1.4 Challenges of the Deregulation of the Downstream Sub-sector ………………….. 18
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2.1.5 Best Practices in the Global Oil Industry …………………………………………………. 22
2.2 Hypotheses ………………………………………………………………………………………….. 29
2.3 Operationalization of Key Concepts ………………………………………………………. 30
2.3.1 Methodology ……………………………………………………………………………………….. 31
2.3.2 Data Gathering Instruments …………………………………………………………………… 32
2.3.3 Population of the Study …………………………………………………………………………. 32
2.3.4 Sample and Sampling Techniques …………………………………………………………. 33
2.3.5 Validity and Reliability of Instrument for Data Collection ………………………… 34
2.3.6 Method of Data Analysis ……………………………………………………………………… 35
2.4 Theoretical Framework ……………………………………………………………………………. 37
CHAPTER THREE:
3.1 Background Information on Deregulation of the Downstream Sub-sector …….. 44
3.2 Background Information on the Nigerian Petroleum Industry ………………….. 47
3.3 Background Information on Petroleum Topic Pricing and Regulatory Agency (PPPRA) 56
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND FINDINGS
4.0 Introduction …………………………………………………………………………………………… 58
4.1 Data Presentation …………………………………………………………………………………… 58
4.1.1 Questionnaire Distribution ……………………………………………………. 58
4.2 Presentation and Analysis of the Substantive Data………………………………………. 59
4.3 Findings and Discussion of Findings …………………………………………………………. 78
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CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary ………………………………………………………………………………………………. 81
5.2 Recommendations ………………………………………………………………………………….. 82
5.3 Conclusion ……………………………………………………………………………………………. 84
BIBLIOGRAPHY …………………………………………………………………………………….. 85
APPENDIX ……

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