other sector of the economy of the nation that needed more urgent attention an attempt to resolve these question will take us to the analysis of some of these reasons as noted below:
1. To reduce corruption in the down stream sector
2. Provision of Basic Amenities
3. To reduce government debt
4. To increase investment / industrialization
5. Transformation of the petroleum sector
6. To increase the nation’s foreign reserve and saving
7. For enhancement of the countries national development
8. To establish more refineries and crate employment opportunities
9. To repair infrastructural decay in the country
10. To make way for transparency and competition in the oil industry
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