IDEAS home Printed from https://ideas.repec.org/a/etr/series/v3y2012i6p232-241.html
   My bibliography  Save this article

An assessment of the distribution of Petroleum products in Nigeria

Author

Listed:
  • Christopher Ehinomen

    (Department of Economics and Business Studies Redeemer’s university, Redemption City, Mowe, Ogun State, Nigeria)

  • Adepoju Adeleke

    (Department of Economics and Business Studies Redeemer’s university, Redemption City, Mowe, Ogun State, Nigeria)

Abstract

Nigeria is endowed with abundant natural resources of which petroleum resources play a dominant role in the economy. These resources can be effectively harnessed and managed for the benefit of all Nigerians. Unfortunately, the distribution of petroleum products in the Nigerian economy is fraught with complex problems resulting sometimes in petroleum products outages, inflated prices of products and contentions on the pump price of products. This paper examines the various issues regarding the distribution of products and recommends that the downstream activities of the industry be completely deregulated to allow private sector and entrepreneurs’ full participation in the distribution of the products. It is hypothesized that the participation of entrepreneurs will drive effectiveness in the sector. Effectiveness will bring down cost of operations with the consequence reduction of price of products for the benefit of all the stakeholders in the industry.

Suggested Citation

  • Christopher Ehinomen & Adepoju Adeleke, 2012. "An assessment of the distribution of Petroleum products in Nigeria," E3 Journal of Business Management and Economics., E3 Journals, vol. 3(6), pages 232-241.
    • Handle: RePEc:etr:series:v:3:y:2012:i:6:p:232-241
    as

    Download full text from publisher

    File URL: http://www.e3journals.org/cms/articles/1339229642_Christopher%20and%20Adepoju.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tob-Ogu, Abiye & Kumar, Niraj & Cullen, John, 2018. "ICT adoption in road freight transport in Nigeria – A case study of the petroleum downstream sector," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 240-252.
    2. Eregha, Bright & Mesagan, Ekundayo & Ayoola, Olawale, 2015. "Petroleum Products Prices and Inflationary Dynamics in Nigeria," MPRA Paper 70251, University Library of Munich, Germany.
    3. Orji, Ifeyinwa Juliet & Kusi-Sarpong, Simonov & Huang, Shuangfa & Vazquez-Brust, Diego, 2020. "Evaluating the factors that influence blockchain adoption in the freight logistics industry," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 141(C).

    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:etr:series:v:3:y:2012:i:6:p:232-241. 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: Andrew Godwin (email available below). General contact details of provider: .

    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.