@article{eprints17495,
         journal = {International Journal of Management},
            year = {2020},
          volume = {11},
           pages = {252--268},
          number = {6},
           title = {A CRITICAL APPRAISAL OF LEGAL
FRAMEWORK ON DEREGULATION OF THE
DOWNSTREAM SECTOR OF THE NIGERIAN
PETROLEUM INDUSTRY},
          author = {Joshua Olusola Olujobi and Oluwatosin Michael Olujobi and Daniel Ufua Ufuah},
             url = {http://eprints.covenantuniversity.edu.ng/17495/},
        abstract = {The study seeks to explore the need for total deregulation of the downstream
sector of the Nigerian petroleum industry to address inefficiencies in the sector to
promote adequate supply of petroleum products through regulatory reforms and by
making reference to the experiences of other relatively advanced jurisdictions to
strengthen Nigeria?s downstream petroleum sector?s laws. The work adopts a
conceptual approach relying on extant literature with the application of the doctrinal
legal research method. The study also makes use of primary and secondary sources of
laws such as statutory and judicial authorities. The key finding is the overbearing
presence of the Federal Government in the sector and inappropriate pricing of
petroleum products which have made the sector unattractive to private investors due
to excessive regulation of the sector. The research proposed a model to end incessant
hike in the price of fuel. The research ends with suggestions based on the findings the
need for sophisticated mixture of regulations and non-regulatory incentives for
investments in the sector and advocates speedy passage of the Petroleum Industry
Governance Bill to encourage private investors and to eliminate subsidy regime being
a source of corruption in the sector.},
        keywords = {Deregulation, Downstream Sector, Petroleum Industry, Petrol, Nigeria}
}