Deregulation Policy and Development in Nigeria: The Petroleum Sector Experience, 1999-2014
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Abstract
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Some scholars have argued that businesses are better organised and
managed by the private sector in a development oriented manner. This
line o f argument accepts the point that there is a relationship between
deregulation policy and development, and supports the call for
government to remove all restrictions to private sector participation in
the economy. Deregulation policy which allows market forces to
determine prices andpromote efficiency in public sector management is
a response to this challenge. With the adoption o f the historical research
method, secondary data were collected to examine deregulation policy
and the development nexus o f the Nigerian petroleum sector and
concluded that for the deregulation policy o f the petroleum sector to
achieve its goal o f development in Nigeria, government at all levels
should put in place measures to fight corruption, reduce the cost o f
governance and earn citizens' trust in its activities which must be geared
towards effective service delivery as a catalyst fo r the successful
implementation o f government deregulation policy in Nigeria.
Keywords
H Social Sciences (General), JA Political science (General), JC Political theory