Deregulation policy and development in Nigeria: the petroleum sector experience, 1999-2014

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Periodical article

Title:	Deregulation policy and development in Nigeria: the petroleum sector experience, 1999-2014
Editor:	Gberevbie, Daniel E.
Year:	2015
Periodical:	Journal of Social Development in Africa (ISSN 1012-1080)
Volume:	30
Issue:	2
Pages:	129-152
Language:	English
Geographic term:	Nigeria
Subjects:	economic policy petroleum industry market economy development
External link:	https://www.ajol.info/index.php/jsda/article/view/156582
Abstract:	Some scholars have argued that there is a relationship between deregulation policy and development, and support the call for government to remove all restrictions to private sector participation in the economy. Deregulation policy, which allows market forces to determine prices and promote efficiency in public sector management, is a response to this challenge. This study, with the adoption of the historical research method, examines deregulation policy in and the development nexus of the Nigerian petroleum sector. It concludes that for the deregulation policy of the petroleum sector to achieve its goal of development in Nigeria, government at all levels should put in place measures to fight corruption, reduce the cost of governance and earn citizens' trust in its activities. Activities must be geared towards effective service delivery as a catalyst for the succesful implementation of government deregulation policy in Nigeria. Bibliogr., sum. [Journal abstract]