Key Features:
- No of Pages: 60
- No of Chapters: 05
Introduction:
Abstract
This research study focuses on the impact of scarcity of petroleum products in Enugu State a vivid study on Enugu and its environs. The study tries to look in the researcher point of views on what should be done for continuous flow of petroleum products in Nigeria, Enugu State in particular.
The research consulted some literature related work, like Tijani Alawe (2002) African Journal of Business and Economic Research vol. 2 Awowele Francis B. (2003) Prof. Jerry Gana government spokesman blamed the shortage on sabotage daily Champion, March 20.
And this work was design purposely to find the root cause of fuel scarcity to analyze critically the impact of oil scarcity in Enugu State and entire economy to offer meaningful suggestions as to find a lasting solution.
Method used in the collection of data are primary and secondary method in the primary data collection method, personal interview, questionnaire personal observations were adopted within the study area of Enugu State.
Also secondary data collection was used as an additional source of data, the use of literature related textbooks, newspaper, journals and other forms were adopted.
One may conclude therefore that the practice of strategic management in the corporation is not yet total or fully adhered to professional to be able to create a very wide margin of performance safety.
Furthermore, government should review the margins of the oil marketers close to the recent levels that existed prior to the recent changes in the price of products. This pricing strategy would terminate all the gully developments and ensure that product reach the filling stations.
The following solutions are recommended to put an end to petroleum products scarcity in Nigeria, Enugu state in particular.
NNPC should try to increase the volume of crude oil produced, and also try to increased the actual amount of crude oil reserve for strategic reasons.
It is not too much to has new refineries, rehabilitate the old existing ones at home.
They should be continuous training and training of experts and staff to improve individual and corporate competence.
The research findings were given possible solutions which when applied effectively would stop this ugly phenomenon of petroleum scarcity in Enugu State.
Table of Content
CHAPTER ONE:
Introduction
1.1 Background of the study
1.2 Statement of the problem
1.3 Purpose of the study
1.4 Scope of the study
1.5 Research questions
1.6 Significant of the study
References
CHAPTER TWO:
Review of related literature
2.1 Literature review
2.2 Origin of petroleum product scarcity
2.3 Causes of petroleum product scarcity
2.4 Smuggling of petroleum products
2.5 State of Nigerian refineries
2.6 Roles of petroleum products
References
CHAPTER THREE:
Research design and methodology
3.1 Research design
3.2 Area of the study
3.3 Population of the study
3.4 Sample size and sampling procedure technique
3.5 Instrument for data collection
3.6 Method of data collection
3.7 Method of data analysis
References
CHAPTER FOUR:
Data presentation and analysis
4.1 Presentation of data
4.2 Analysis of data
4.3 Summary of results
CHAPTER FIVE:
Discussions, recommendation and conclusions
5.1 Discussion of result findings
5.2 Conclusions
5.3 Implications of the research findings
5.4 Recommendations
5.5 Suggestions for further research
Bibliography
Introduction
1.1 BACKGROUND OF THE STUDY
The Nigerian Economy can largely be described as one with a strong petroleum industry super imposed over an undeveloped industrial base. Presently Nigeria is growing into a mono-economic country by depending majorly on oil revenue. The dominance of oil production at the end of the civil war (1967 – 1970). It usually became predominant after the fuel price increase of 1973/74. Most recently is the one about to struck the nation now, taken from Daily Champion Newspaper. Monday March 17, 2003, “fuel price like NLC threatens showdown with FG” was the caption. Which the NLC and TUC later embarked on, started from June 30 and suspended it July 8, 2003. I wonder were we are heading to, I doubt if the federal government understands, that the comfort of her citizens is the pride of a government. Fuel supplies the federal government revenue of about 90% of the countries foreign exchange and supply over 75% of federal government revenue.
Fuel scarcity which struck the nation in recent times appears to be continuing without end. Disturbing as the picture might be, the situation on the ground leads to massive suffering of our people including oil producing states, Delta State in particular, it also shows that a petroleum endowed nation which is one of the world, major producers and a member of the organization of petroleum. Exporting of 1.865 million barrels and one whose four refineries have combined production of 445,000 barrels per day is in the threes of domestic oil shortage. The shortage has a great impact towards the life of the Enugu, it makes majority of kerosene consumer who cannot afford to buy it at black market prices, to adopt the habit of using firewoods, which is unusual to an oil producing state Enugu State. It also characterized by the long queue of vehicles in filling stations. Some of these vehicles, queue for about four or more days to obtain fuel at exorbitant prices. Taking a critical view of this problem, one would discover that “there is a long list of players from the supply of petroleum products through the depo to the end users. Some of the participants in this chain of distribution have acquired the role of middlemen admits Mr. Ekeh K. E. the then managing director of the Nigerian National Petroleum Corporation (NNPC).
These middlemen operated from a seeming lack of control. The cause of petroleum scarcity could be traced to a complex process; these many people and actions contribute from crude oil through refining the PPM (Pipeline and Product Market Company) the tanker drivers and owners independent marketers, retailers and consumers will collectively contribute knowingly or unknowingly to petroleum scarcity by their acts of omission or commission.
The ugly development in which roadside peddlers have abundance of petrol while the filling stations are empty also cries for critical attention.
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