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Performance Evaluation Of Nnpc (1999-2015) Using Regression Analysis Techniques
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The evaluating the
performance of the Nigerian national petroleum corporation (NNPC) has
become necessary since the over dependency of the Nigerian government on
oil. The oil sector being the most important sector of the Nigerian
economy has to be properly managed to avoid economic failure or
recession.
Statement of the general problem
Asthe leading sector of the economy, the oil industry should have some spill over into the other sectors of the economy.
The
Nigerian economy has become dependent oil revenues over the past
decades. During the 1986-92 periods, oil export revenues increased at an
average of 13 percent per annum which GDP measure in current US
Dollars, decrease by an average while oil export revenues alongside the
continuing decline of the non-oil economy implies higher dependency.
Over
the years, the contributions of the oil industry to the growth of
Nigeria economy are great. On this promise, the researchers want to
evaluate the performance of the NNPC on the Economic development of
Nigeria.
Objectives of the study
The following are the aims and objectives of the study
To evaluate the contribution of NNPC in Nigeria economic development.
To know if there is a relationship between NNPC’s performance and the economic development of Nigeria .
To point out the negative roles of NNPC and the oil industry.
Significance of the study
This
research work would be of importance to policy makers, researchers and
the Nigerian government in improving the economy of the country. The
findings from the survey would help the government in monitoring the
performance of the NNPC and to overhaul the establishment if need be.
Scope of the study
This
study is restricted to the performance evaluation of the Nigerian
national petroleum corporation (NNPC) in its contribution to the
economic development of Nigeria.
Research Questions
How is the performance of the NNPC in the last decade?
Has the performance of NNPC significantly influenced economic development?
Is there a relationship between NNPC’s performance and economic development?
Research Hypothesis
H0: there is no significant relationship between the performance of NNPC and economic development of Nigeria.
H1: there is a significant relationship between the performance of NNPC and economic development of Nigeria.
Limitations of the study
Financial
constraint- Insufficient fund tends to impede the efficiency of the
researcher in sourcing for the relevant materials, literature or
information and in the process of data collection.
Time constraint-
The researcher will simultaneously engage in this study with other
academic work. This consequently will cut down on the time devoted for
the research work.
Definition of terms
Crude oil: Crude oil,
commonly known as petroleum, is a liquid found within the Earth
comprised of hydrocarbons, organic compounds and small amounts of metal.
While hydrocarbons are usually the primary component of crude oil,
their composition can vary from 50%-97% depending on the type of crude
oil and how it is extracted.
Development: A gradual growth of something so that it becomes more advanced, stronger, etc.
Refinery: A factory where a substance such as oil is refined.
NNPC: Nigerian national petroleum corporation.
GDP: Gross domestic product.
REVENUE:
the total income that accurse to the government of a country from
various sources, i.e. the money that is received by government from
taxes paid by oil companies, organization or firms.
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ABSRACT - [ Total Page(s): 1 ]The oil industry which is the leading sector of the economy should have some spill over into the other sectors of the economy.The Nigerian economy has become dependent oil revenues over the past decades. During the 1986-92 periods, oil export revenues increased at an average of 13 percent per annum which GDP measure in current US Dollars, decrease by an average while oil export revenues alongside the continuing decline of the non-oil economy implies higher dependency.Over the years, the contribu ... Continue reading---
