THE EFFECT OF PRICE INCREASE IN PETROLEUM PRODUCTS (PMS) ON COMMERCIAL VEHICLE TRANSPORTER IN LOKOJA METROPOLIS
(A CASE STUDY OF ABC TRANSPORT COMPANY PLC LOKOJA TERMINAL AND NATIONAL UNION OF ROAD TRANSPORT WORKERS, LOKOJA BRANCH II)
NUMBERS PAGES: 57 RESEARCH TYPE:- PROJECT AMOUNT :- ₦2500
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ABSTRACT
Incessant price hike of petroleum products have led to crises and industrial action led by some pressure group in Nigeria. Base on this problem, the study examines its effect on the Nigerian environment because the welfare of the nation’s economy depend largely on the efficient and adequate movement of passengers which is dependent on constant supply of PMS. Questionnaire was used to collect the primary data from two branches of transport company i.e ABC and NURTW Lokoja branch which was used as the case study. Simple frequency and percentage in table were used to analyze data collected in as much as the questionnaire were designed using likert simple method. Chi-square as a statistical tool was used to test the three hypothesis developed whether to accept or reject a problem item as being a reflection for majority for taking a decision. Results from this study shows that price hike of PMS have increased transport fare, led to hoarding of PMS, encourage long queen and black market. Problems identified above have exerted a lot of hardship on the extent that the poor were the worst hit. The study suggested some measures that could be put in place by government to ensure constant supply of PMS and remove some of the bottlenecks to achieving effective and adequate public passenger transport services in Lokoja Metropolis
TABLE OF CONTENT
Title page i
Approval page ii
Dedication iii
Acknowledgement iv
Abstract v
Table of content vi
CHAPTER ONE: INTRODUCTION
1.1 Background of the study 1
1.2 Statement of the problem 2
1.3 Significance of the study 3
1.4 Purpose of the study 4
1.5 Research Hypothesis 4
1.6 Scope or delimitation of study 5
1.7 Limitation and constraints 6
1.8 Definition of terms 6
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.0 Introduction 8
2.1 The economics of oil price demand 8
2.1.1 Supply and demand 9
2.1.2 Oil supply and demand 11
2.1.3 The oil shocks of the 1970s 13
2.1.4 Other short-term changes to supply and demand curve 14
2.1.5 Long-term supply and demand dynamics 15
2.2 The system of pricing oil product (PMS) in Nigeria 16
2.3 Economic outlook for second half of 2010 19
2.4 Conceptual underpinning on downstream sector on fuel security 23
2.5 Increase in price of petroleum products and operation of
commercial vehicle 25
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Research design 28
3.2 Area of the study 28
3.3 Population of the study 28
3.4 Sample of the study 29
3.5 Method of data collection 29
3.6 Administration and retrieval of instrument 29
3.7 Problems of methodology 30
3.8 Method of data analysis 30
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Presentation of data 31
4.2 Data Analysis 31
4,3 Test of hypothesis 43
4.4 Discussion of findings 49
CHAPTER FIVE: SUMMARY, CONCLUSION AND
RECOMMENDATIONS
5.1 Summary of finding 50
5.2 Conclusion 51
5.3 Recommendation 51
Bibliography 53
Appendix 54
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