Authors :
Itsekor Lucky Ubini; Oruwari Humphrey Otombosoba
Volume/Issue :
Volume 8 - 2023, Issue 4 - April
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://bit.ly/3OtVLNg
DOI :
https://doi.org/10.5281/zenodo.8282708
Abstract :
The ineffective and inefficient performance of
the Nigerian petroleum downstream sector negatively
affects all sectors of the economy, thereby underdeveloping economic growth. The purpose of this
document analysis research was to identify the benefits
of effective management of the Nigerian downstream
petroleum industry to enhance economic development.
The sources of materials for this study include
documents and literature from peer reviewed articles,
journal, books, and case studies which are relevant to the
management of Nigerian downstream petroleum sector.
The findings indicate that, for effective management of
the Nigerian petroleum downstream, the Nigerian
government and the private sector should ensure
availability of refined petroleum products all year round,
involve in well-established gas and petrochemical
business and industries, encourage human capital
development for operational competence, and ensure
appropriate allocation of resources to all aspect of the
petroleum supply chain for efficiency. The findings may
be used by investors and government agencies to create
diversified economic areas for employment, increase
revenue, poverty eradication, achieve sustainability, and
enhance economic development.
Keywords :
Nigeria, Petroleum, Downstream, Management, Economy, Development, Efficiency
The ineffective and inefficient performance of
the Nigerian petroleum downstream sector negatively
affects all sectors of the economy, thereby underdeveloping economic growth. The purpose of this
document analysis research was to identify the benefits
of effective management of the Nigerian downstream
petroleum industry to enhance economic development.
The sources of materials for this study include
documents and literature from peer reviewed articles,
journal, books, and case studies which are relevant to the
management of Nigerian downstream petroleum sector.
The findings indicate that, for effective management of
the Nigerian petroleum downstream, the Nigerian
government and the private sector should ensure
availability of refined petroleum products all year round,
involve in well-established gas and petrochemical
business and industries, encourage human capital
development for operational competence, and ensure
appropriate allocation of resources to all aspect of the
petroleum supply chain for efficiency. The findings may
be used by investors and government agencies to create
diversified economic areas for employment, increase
revenue, poverty eradication, achieve sustainability, and
enhance economic development.
Keywords :
Nigeria, Petroleum, Downstream, Management, Economy, Development, Efficiency
