Deregulation of Oil System in Nigeria

Those who have been following the Arguments for and against Deregulation of the oil industry in Nigeria, may have got the impression that deregulation connotes lack of control or indifference on the part of Government.

But there is nothing so far from official quarters to suggest that deregulation will cause the Government to relinquish its control of oil industry because the absence of direct control does not mean that it will surrender all it’s rights to the entrepreneurs who may want to participate in the industry.

Many Nigerians have become resentful of deregulation and in fact the Nigerian Labour Congress (NLC), has threatened to ‘deregulate’ the Government if it should go ahead with the deregulation plan.

Today, the deregulation of some of these sectors has broken it’s monopoly and introduced healthy competition to make things a little easier for Nigerians.

Following from this , the apostles of deregulation rightly heap all the blame for the problems associated with petroleum products distribution, in this country squarely on the Government, which owns all the refineries and which sells fuel to the local consumers through it’s agency , the Nigerian National Petroleum Corporation (NNPC).

In the same way ,the Government argues that if the Current NNPC monopoly were broken with the introduction of entrepreneurs to the refining and sales of petroleum products in the country, the Nigerian people would be all the better for it.

It stands to reason that once the Government continues to fix maximum prices for Petroleum Products in this country, the deregulation of the oil sector should bring some relief to the people by ensuring that wastage,corruption and inefficiency are reduced to the minimum consumers will laugh last because competition will result in the availability of the products at reasonable prices.

This appears to be the sense in deregulation.

Th word deregulation emphasizes on when rules and controls are removed from a Business. Paul Sampson.

Paul Sampson
An upcoming Motivational speaker known has Paul Saturday Sampson but Famously known as Paul Sampson, Who happens to be the only Son of Mr and Mrs Saturday Sampson Udoh of Ikot Osum Village Ika L.G.A , Akwa ibom state. He was Born and brought up in Port Harcourt city, Rivers State in 2nd May 1999 , But happens to be a Citizen of Akwa ibom State south-south Nigeria. He attended his Tertiary Education in Rivers state, and Later Moved to Akwa ibom state for his Junior and Secondary Education, he Graduated from Secondary School in 2016 after writing his WAEC examination. He is also Preparing for his Higher Institution. Paul Sampson, his a young Man who has had so many experiences and Passed through a lot of Challenges in Life. He discovered there is a Power lying inside all Humans that brings Positive Changes in different aspect of their lives, but can only be brought to Reality By Faith, Believe and Positive thoughts. He has set to embark on a Mission with a Title : THE REAL YOU MUST EMERGE. His Greatest Aim his to reach out to the Globe and help them discover their Real selves , by Inspiring and Motivating them to take a Burning Desire. Paul Sampson is a Blogger a Graphic designer and also the Founder and CEO of INSPIRED DOSE , which happens to be a power inspirational Media.

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