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POLITICAL ECONOMY OF FUEL IMPORTATION AND DEVELOPMENT OF REFINERIES IN NIGERIA, 1999-2013
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- Contributor: mr-chris
- engagements: 151
- Case No: 874369ip
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ABSRACT - [ Total Page(s): 1 ]The contradictions of importing over US$10 billion fuel annually for domestic consumption, in the midst of abundant oil endowment, has attracted attention and concern from researchers and investigators. This study, therefore, set out to evaluate the effects of the political economy of fuel importation on the development of refineries in Nigeria between 1999 and 2013. It set as its objectives the task of interrogating the nexus between allocation of fuel import licenses to independent marketers and investors in the development of new refineries in Nigeria; the connections between fuel importati
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CHAPTER ONE - [ Total Page(s): 3 ]CHAPTER ONE INTRODUCTION1.1 Background of the studyNigeria’s last two decades produced the template that leads to its fuel import-dependent and single-resource economy in the midst of abundant oil endowments. Nigeria depends 85 per cent and above on the importation of petroleum products (Chikwem, 2014; Nwachuku, 2012), with massive infusion of subsidies introduced in 1973 to stabilise the price of fuel and insulate Nigerians from the wild fluctuation of global market price. Ploch (2013, p. 9) observed that ‘Nigeria imports an estimated $10 billion of fuel ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]The contradictions of importing over US$10 billion fuel annually for domestic consumption, in the midst of abundant oil endowment, has attracted attention and concern from researchers and investigators. This study, therefore, set out to evaluate the effects of the political economy of fuel importation on the development of refineries in Nigeria between 1999 and 2013. It set as its objectives the task of interrogating the nexus between allocation of fuel import licenses to independent marketers and investors in the development of new refineries in Nigeria; the connections between fuel importati
... Continue Reading
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