Deregulation of the Downstream Oil Sector in Nigeria

Deregulation of the Downstream Oil Sector in Nigeria

According to Hornby (2001:313), deregulation is the freeing of a trade or business activity from rules and controls. In his own view, it is the determination of price by the interplay of demand and supply. It means the withdrawal of government control of resources allocation mechanism, thereby allowing the forces of demand and supply to determine the prices of goods and services (Obioma 2000). [Read more…]