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Political Economy Of Fuel Importation And Development Of Refineries In Nigeria, 1999-2013
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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 importation probes and the challenges hindering the development of new refineries in Nigeria; and the relationship between expatriates’ dominance of fuel importation and distribution, and the integration of Research and Development (R&D) in Nigeria’s petroleum technology development. The study adopted the political economy theoretical framework of analysis
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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 ... Continue reading---
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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 ... Continue reading---
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ABSRACT -- [Total Page(s) 1]
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