Levy Baits and Exterior Conventional Ventures in Gasoline Industry in the Technological Stage of Development

Abstract

The study focused on levy baits and exterior conventional ventures in the gasoline industry in the technological stage of development. It was aimed at evaluating the various levy baits granted that could by the government and how these levy baits affect the exterior conventional venture in the gasoline industry in the technological stage of development/ developing nation. To achieve the objectives of the study, ex- post facto research design was adopted and data were collected from secondary sources such as verified financial reports of the international gasoline corporations operating in the Nigerian gasoline industry and these data were analysed using a regression technique. Findings revealed that there is a significant relationship between levy baits and exterior conventional venture in the gasoline firms that were considered. Therefore, it was concluded that levy baits could be used by the government of developing nations to enhance exterior conventional ventures for maximum impact. Research limitations/implications were that: Time series data were used; Microeconomic variables were assumed constant which may not be true; and the findings are limited to one industry. The practical implications based on the findings of the study were: That internal revenue should be boosted by thinning out the exterior venture base of the economy from gasoline to none gasoline, refining all the by-products of gasoline at home, while interior industrial undertakings should be strengthened. The social implication is that the poor system of human capital development coupled with poor exterior conventional venturing, which had been the likely elements for the non-existence of national growth and enhancement would be improved with the application of the results of the research. The study is original and has great value and contribution to the world of business.