TY  - JOUR
T1  - Oil, Product Price Deregulation and National Development in Nigeria
AU - Amade Roberts, Amana AU - Amana, S.A. 
JO  - Pakistan Journal of Social Sciences
VL  - 8
IS  - 6
SP  - 294
EP  - 300
PY  - 2011
DA  - 2001/08/19
SN  - 1683-8831
DO  - pjssci.2011.294.300
UR  - https://makhillpublications.co/view-article.php?doi=pjssci.2011.294.300
KW  - Petroleum
KW  -deregulation
KW  -down stream sector
KW  -development
KW  -externalities
KW  -Nigeria
AB  - Through the decades, the determination of the appropriate pricing mechanics of petroleum products has remained a thorny issue in Nigeria. Two schools of thought, producing robust debates have emerged over the issue. Pro-deregulation or liberalization theorists champion the cause for the determination of retail prices by market forces. They argue that public sector subsidies are unsustainable, wasteful and lead to graft in the downstream sub-industry. There is an abundance of demonstrable credit in this standpoint; institutional and infrastructural decay in the distribution chain have for long, remained the hallmark of government monopoly. But market forces do not always produce optimal outcomes. These concerns are fueled by skepticisms about wages, labour and the scope of distribution markets. There is also evidence showing a disconnect between the petroleum economy and other sectors of the national economy. The study finds that the just distribution of economic benefits derived from petroleum production has proven elusive.
ER  -