- The Complete Research Material is averagely 61 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦7,500
Get the complete project »
ABSTRACT
Petroleum has become the number one resource in the world because of its
universality. All other resources are demanded in varying scales, but not petroleum.
However the catch is that while demand increases, existing production of this pearl
declines. In Nigeria, the problem appears to be a double-edged sword. Declining
production and the apparently doubted efficacy, and confused state, of the fiscal laws
relating to petroleum operations in the country remain intractable problems which
the government is grappling with. This calls for a re-examination of fiscal policy.
Thus taxation is an inherent element of fiscal policy. The petroleum industry as a
major revenue earner for the government is not immune from this inherent element.
However, concerns surround the efficacy of the fiscal law relating to petroleum
operations having regard to the hackneyed calls for, and untiring efforts at
discovering, cheaper alternative sources of energy, in a world whose economic
activities are now unleashing backlash effects in the form of ozone layer depletion,
global warming and other environmental concerns. More than this fear however, the
government itself recognises that something is wrong somewhere regarding the
beneficial effects or rewards of petroleum to the Nigerian people, having decried the
porosity of the fiscal regime relative to the petroleum sector.
Yet the fiscal regime of petroleum operations in Nigeria appear to be ‘very strong’
when viewed against the backdrop of plethora of legislations specific to this area. The
PPTA, the CITA, the PSC Act and the Incentives Act, apart from other related
legislations which have elements of fiscal policy, are principal legislations here.
Natural with man to find walk around for impediments, it would appear that some of
these legislations are hewn in such a way that it amounted to emasculating the
Nigerian economy, sabotaging the rights of the Nigerian people to development and
impeding economic independence of the nation, so that, on account of the latter, the
economic structure of the country is perpetually neo-colonialist. Aware of these
dangers, the government embarked on a reform agenda of petroleum operations in
Nigeria, propped by the well conceived Petroleum Industry Bill (PIB) 2008.
With the passage of the FIRS (Establishment) Act 2007, the stage appears set for
marked improvement in the revenue to be generated from this prime economic resource. The Act and the PIB 2008 (if eventually passed into law) will undoubtedly
concatenate to deliver a measure of transparency, responsibility and accountability
with respect to fiscal regime governing this sector. But this is as far as administrative
and legal framework is concerned. Sadly, in a desperate bid to save the system, the
government adopts carrot-and-stick measures. In the alternative, what is needed,
among others, is a responsible political system where infrastructural facilities are not
epileptic or waning, where energy supply (in terms of power) is steady and stable,
where security of lives and property is not a daydreaming fantasy and where good
governance framework is the avowed commitment of the government. These are the
key elements of realising and sustaining the efficacy of the fiscal regime attending to
petroleum operations in Nigeria.
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
-
SIMILAR LAW FINAL YEAR PROJECT RESEARCH TOPICS
-
1. APPRAISING THE CONCEPT OF TRUST UNDER CUSTOMARY AND ENGLISH LAW
» TABLE OF CONTENTS Title Page i Declaration ii Certification Page iii Dedication iv Acknowledgement v Table of Contents vi Table of Cases x Table of St...Continue Reading »Item Type & Format: Project Material - Ms Word | 144 pages | Instant Download | Chapter 1-5 | LAW DEPARTMENT
-
2. ANALYSIS OF THE BASIC PRINCIPLES OF INSURANCE UNDER THE NIGERIAN LAW OF INSURANCE
» ABSTRACT Every human being is faced with the possibility that one or more of the hazards which form part of life will sooner or later befall him and w...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | LAW DEPARTMENT
-
3. THE ROLE OF ALTERNATE DISPUTE RESOLUTION AND ITS IMPORTANCE UNDER THE NIGERIAN LEGAL SYSTEM
» CHAPTER ONE BACKGROUND TO STUDY INTRODUCTION Lack of prompt and efficient running justice delivery machinery in the Nigerian courts system is often du...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | LAW DEPARTMENT
-
4. AN APPRAISAL OF THE PROBLEMS AND PROSPECTS OF CAPITAL GAINS TAX ACT, 2004 IN NIGERIA
» ABSTRACT The Capital Gains Tax was introduced into Nigeria by the Capital Gains Tax Decree (Decree No. 44) in 1967. The decree was enacted on 19th Oct...Continue Reading »Item Type & Format: Project Material - Ms Word | 61 pages | Instant Download | Chapter 1-5 | LAW DEPARTMENT
-
5. AN APPRAISAL OF THE OFFENCE OF RAPE UNDER THE NIGERIAN CRIMINAL JUSTICE SYSTEM
» TABLE OF CONTENTS Pages Title Page i Declaration ii Certification iii Dedication iv Acknowledgement v Table of Contents vii Tables of Cases xiii Table...Continue Reading »Item Type & Format: Project Material - Ms Word | 141 pages | Instant Download | Chapter 1-5 | LAW DEPARTMENT
-
6. AN ANALYSIS OF THE CONCEPT OF NEGOTIATION AND ARBITRATION AS METHODS OF ALTERNATIVE DISPUTE RESOLUTION IN INTERNATIONAL LAW
» ABSTRACT Dispute or disagreements are unarguably and necessarily an inevitable part of human existence, flowing directly from communication, inter rea...Continue Reading »Item Type & Format: Project Material - Ms Word | 61 pages | Instant Download | Chapter 1-5 | LAW DEPARTMENT
-
7. PRINCIPLES AND PROCEDURES OF SETTING UP AND MANAGING A LAW OFFICE TO ENSURE ITS PROGRESS AND CONTINUITY
» CHAPTER ONE INTRODUCTION 1.1 Background of the study The law itself has a very broad concept and is conceived differently by various schools of though...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | LAW DEPARTMENT
-
8. ANALYSIS OF GAS FLARING REGULATIONS IN NIGERIA A RESEARCH PROJECT
» CHAPTER ONE INTRODUCTION 1.1 Background of the Study Natural gas means gas obtained from boreholes and oil wells consisting primarily of hydrocarbon. ...Continue Reading »Item Type & Format: Project Material - Ms Word | 84 pages | Instant Download | Chapter 1-5 | LAW DEPARTMENT
-
9. AN ASSESSMENT OF LIABILITIES OF OIL PRODUCING COMPANIES FOR OIL SPILLAGE IN NIGERIA
» ABSTRACT This project set out to examine the compensation of oil spill victims in the Nigerian oil industry. The compensation of these victims has bec...Continue Reading »Item Type & Format: Project Material - Ms Word | 56 pages | Instant Download | Chapter 1-5 | LAW DEPARTMENT
-
10. MANAGEMENT AND POLICY FRAMEWORKS FOR ILLEGAL, UNREPORTED AND UNREGULATED (IUU) FISHING IN NIGERIAN WATERS
» Abstract The study examines the management and policy frameworks for illegal, unreported and unregulated fishing in Nigerian waters, how maintaininga ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | LAW DEPARTMENT