IDEAS home Printed from https://ideas.repec.org/a/vrs/mjsosc/v8y2017i2p259-265n21.html
   My bibliography  Save this article

The Effects of Rolling Back State Frontiers on the Development of Nigeria’s Economy (2003 – 2007)

Author

Listed:
  • Umo-Udo Ndifreke S.

    (Department of Political Science and Public Administration, University of Uyo, Uyo, Akwa – Ibom State, Nigeria)

Abstract

The study focused on the deregulation of the downstream of Nigeria’s petroleum sub-sector as an aspect of Rolling back the state in Nigeria. Deregulation of the downstream of the petroleum sector is occasioned by the removal of subsidies on petroleum products. This paper is adapted from my Ph.D research work at the University of Nigeria, Nsukka on rolling back the state. The objective was to examine the impact of deregulation of the downstream of the petroleum sector on the road transport sectors of the Nigerian economy within the period 2003-2007. Data for the study were generated through the observations of primary and secondary sources. The data were analysed using tables, percentage and correlation analysis. The findings of the study shows that deregulation of the downstream of the petroleum sector allowed the private sector owned road transportation system to increase the cost of transport fares anytime the government announced increase in the pump price of products. An increase in the cost of road fares translated into increase in prices of goods and services which ultimately resulted in inflation. Equally the huge amount derived from petroleum has not been judiciously expended for building and construction of roads. The research recommends that government should monitor the execution of road contracts to guard against none and poor delivery of jobs.

Suggested Citation

  • Umo-Udo Ndifreke S., 2017. "The Effects of Rolling Back State Frontiers on the Development of Nigeria’s Economy (2003 – 2007)," Mediterranean Journal of Social Sciences, Sciendo, vol. 8(2), pages 259-265, March.
    • Handle: RePEc:vrs:mjsosc:v:8:y:2017:i:2:p:259-265:n:21
    DOI: 10.5901/mjss.2017.v8n2p259
    as

    Download full text from publisher

    File URL: https://doi.org/10.5901/mjss.2017.v8n2p259
    Download Restriction: no
    File URL: https://libkey.io/10.5901/mjss.2017.v8n2p259?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:mjsosc:v:8:y:2017:i:2:p:259-265:n:21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.