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Dynamism of the world economy has compelled Nigerians to accept the liberalization of its economy to encourage private sector participation and induce managerial efficiency. This has become very imperative most especially, in the downstream sub-sector of the Nigerian oil and gas industry by the establishment and management of private refineries in view of the persistent fuel energy crisis. An attempt is made here at analyzing the prospects and problems of such refineries that are expected todoi:10.5281/zenodo.824289 fatcat:k3xcjswmfrhvzgzqlairki7ney