THE END TO FUEL SCARCITY IN NIGERIA IS NOT IN SIGHT THE WAY FORWARD

Hanafi Dele Ibrahim, Akintunde Patrick Adeniran & Lasabi Moses

Department Of Economics, Oduduwa University, Ipetumodu, Ile-Ife, Osun State,

Department of Banking and Finance, Oduduwa University, Ipetumodu, Ile-Ife,Osun State, Nigeria

Email: bamidelehanafl@yahoo.com

Abstract

The focus of this paper is to critically look at the causes of fuel scarcity in Nigeria with a view to addressing them. Most of the fundamental causes of fuel scarcity in the country including the following: present refineries are not adequately enough to meet the local demand for fuel. The local production of fuel is not sufficient for local consumption, excessive government intervention in the business of oil, problem of crude oil theft in Nigeria, frequent crude oil pipe lines vandalization, lack of modular refinery, and lack of private interest in the business of oil in Nigeria. Series of boardroom politics in the management of oil business in Nigeria. High level of corruption in the NNPC, turnaround maintenance that did not improve the level of production of oil, diversion of fuel into the neighbouring West Africa Countries, Oil subsidy claims that did not translate to high level of fuel importation into the country, fluctuation in the world market price, OPEC decision that may not favor crude oil production is another factor, Using of wrong template to determine the price of PMS is also another serious factor. In view of these aforementioned problems, suggestions are thereby recommended. All the refineries should be privatized, total deregulation of downstream sector of oil and gas should be put in place, more refineries should be built, alternative sources to PMS should be introduced, licenses should be given to expertise who are ready to build refineries in Nigeria, NNPC account should be audited on daily basis, oil subsidy for genuine oil marketers, outstanding balances for oil marketers should be considered for payment with immediate effect. Modular refineries should be built across the country, crude oil smugglers should be arrested and jailed for economic sabotage, modern and computerized refineries should be introduced into Nigeria, and fraudulent oil subsidy claims should be arrested and prosecuted

Keyword: Crude oil, Premium Motor Spirit (PMS), Vandalization, Corruption, Modular Refinery, Refinery, Waver, Concession, Scarcity.

PERCEIVED CAUSES OF SECONDARY SCHOOL DROPOUT IN BAYELSA STATE, NIGERIA

¹Fidelis A.E. Paki & ²Sunday Akpoebidor Oduru

¹Department of Political Science, Niger Delta University, Wilberforce Island 560001, Nigeria,

²Department of Educational Management, 1000 N West Street Suite 1200 Wilmington, DE 19801, South America University, Delaware, USA,

Email: paki_fae@yahoo.com; odurusuny2016@gmail.com

Abstract: This study examined the perceived causes of secondary school dropout in Bayelsa State, Nigeria. The study adopted a cross-sectional survey research design, which is a form of descriptive research. A random sample of 150 respondents including 50 parents, 50 teachers from 5 public secondary schools, and 50 known dropout students in the Yenagoa metropolis were drawn for the study and a 20-item structured questionnaire with a reliability coefficient of 0.80 were used for data collection. Data collected were analyzed using statistical tool of frequency, mean and standard deviation. The findings were that parents’ background, lack of physical infrastructures in schools, unexpected personal problems of students, and indiscipline, crime and drug abuse are the causes of students’ secondary school dropout. This has negative effects on the socio-political and economic life of residents of the state, by dropouts contributing to increasing number of illiterates, criminals, unemployed, living in poverty, unhealthy, manual laborers, engaged in prostitution, drug selling, smuggling, robbery and general backwardness in the future educational development of the state. It was therefore recommended that government should make educational policies that will have broad financial sponsorship scope in order to avoid the negative socio-political and economic effects of dropouts on the society.

Keywords: Bayelsa State; Nigeria; Perceived causes; Secondary school dropout

Table of Contents

Proliferation of Small Arms/Light Weapons and Conflicts in Nigeria:

Implication for National Security

Timbee Akuul & Benjamin Shaibume                                                                         1-20

E-Dating and Marital Life in Nigeria: The Nexus

Agunbiade, Musa Bolaji and Ajobiewe, Jamiu Olatunji                                              21-37

Directors’ Compensation and Performance of Selected Quoted Firms

Adegbola Olubukola Otekunrin, Tony Ikechukwu Nwanji, Samuel Abiodun Ajayi,

Frank Dayo, Awonusi, Adebanjo Joseph Falaye, Damilola Felix Eluyela,                    38-58

Influence of Corporal Punishment on Cognitive Development

Arowosegbe Christanah Kehinde                                                                                59-70

The End to Fuel Scarcity in Nigeria is Not in Sight the Way Forward

Hanafi Dele Ibrahim, Akintunde Patrick Adeniran & Lasabi Moses                            71-107

Perceived Causes of Secondary School Dropout in Bayelsa State, Nigeria

Fidelis A.E. Paki & Sunday Akpoebidor Oduru                                                                  108-138

INFLUENCE OF CORPORAL PUNISHMENT ON COGNITIVE DEVELOPMENT

Arowosegbe Christanah Kehinde

Department of Psychology

Ekiti State University

Email: Ajilakehinde@yahoo.com

DIRECTORS’ COMPENSATION AND PERFORMANCE OF SELECTED QUOTED FIRMS

Adegbola Olubukola Otekunrin, Tony Ikechukwu Nwanji, Samuel Abiodun Ajayi, Frank Dayo, Awonusi, Adebanjo Joseph Falaye, Damilola Felix Eluyela,

Department of Accounting and Finance

Landmark University, Omu-Aran, Kwara State, Nigeria

Email: otekunrin.adegbola@lmu.edu.ng, nwanji.tony@lmu.edu.ng, ajayi.abiodun@lmu.edu.ng, awonusi.frank@lmu.edu.ng, falaye.adebanjo@lmu.edu.ng, eluyela.damilola@lmu.edu.ng

Abstract

This study focused on examining the relationship between directors’ compensation and firm performance using selected general insurance companies as a case study. The main objective was to investigate the relationship that exists between directors’ compensation and firm performance. Eight general insurance companies which were listed in Nigeria Stock Exchange (NSE) were studied. The study covered a five (5) years period of 2009-2013. The time frame used considered the recapitalization in the insurance industry that occurred in 2007. The research made use of secondary data which were collected from the published annual reports of the eight (8) general insurance companies under study. The data was analyzed using the regression analysis. The results from the analysis led to the major findings of the study. Return on Assets (ROA) and net claims paid (NC) were used to establish a relationship between with directors’ compensation. The results show that there is a significant relationship between annual directors’ compensation and firm performance of the general insurance companies under study. The relationship with return on assets showed a significant but negative relationship, while that of net claims paid was significantly positive. The study suggests that efforts to improve the payments of claims should focus on compensation directors satisfactorily. However, proper care