Deregulation is concern with government granting of licenses to private investors to come and invest in a literalized sector. It is also concerned with government withdrawal of subvention from its monopolized firm, the allowing or entry of business by removing all forms of barriers.
On the other hand, deregulation is government withdrawal from monopolizing a particular sector, determination of what is expected from the firm and the total or partial entrance into such sector or firm by private individual. It could be said to be the effective and efficient running of government owned firm, parastatals or company by private individual for more vibrant productivity with the core interest of profit maximization.
Dr Edmund M. Dankoru (1992) said “we all know that we have breakdown of facilities, inevitably and not surprisingly, there existing smuggling or arbitrages of scandalous proportions. There are bridging and logistic problems; there are institutional corporate, structural and organization problems. The Nigerian people are not interested and should not be interested in these problems, all they want to know is that the product is available when they want it.
Dr Imo J. Itsule (1992) asserted that “the time for fiscal linkage and economic rents mediated from oil enclave is gone. Dramatic development are taking place in the global competitive landscape involving the increase in the knowledge base of product, new structure, formation and the primary opportunity identifies, problem solver and strategic brokers linking them in new high value enterprise.
Alhaji Hamman Tukur (1992) also asserted that “there is no gain saying the imperative to diversify the product base on the oil, gas and solid minerals industries”. Recent developments in a financial sector are instructive. We must go away from the focus on only one product ‘oil’. This focus perpetuates the technological, economic dualism of the domestic economy. It must be broken. We need to look at solid minerals exploration, developments processes and industrialization. We need to integrate vertically and horizontally across sectors of the economy.
Also added is “the knife-edge state of incessant product scarcity danger that confront the nation must be eliminated. For this unstable state in itself breeds and heighten instability.
On the other hand, deregulation is government withdrawal from monopolizing a particular sector, determination of what is expected from the firm and the total or partial entrance into such sector or firm by private individual. It could be said to be the effective and efficient running of government owned firm, parastatals or company by private individual for more vibrant productivity with the core interest of profit maximization.
Dr Edmund M. Dankoru (1992) said “we all know that we have breakdown of facilities, inevitably and not surprisingly, there existing smuggling or arbitrages of scandalous proportions. There are bridging and logistic problems; there are institutional corporate, structural and organization problems. The Nigerian people are not interested and should not be interested in these problems, all they want to know is that the product is available when they want it.
Dr Imo J. Itsule (1992) asserted that “the time for fiscal linkage and economic rents mediated from oil enclave is gone. Dramatic development are taking place in the global competitive landscape involving the increase in the knowledge base of product, new structure, formation and the primary opportunity identifies, problem solver and strategic brokers linking them in new high value enterprise.
Alhaji Hamman Tukur (1992) also asserted that “there is no gain saying the imperative to diversify the product base on the oil, gas and solid minerals industries”. Recent developments in a financial sector are instructive. We must go away from the focus on only one product ‘oil’. This focus perpetuates the technological, economic dualism of the domestic economy. It must be broken. We need to look at solid minerals exploration, developments processes and industrialization. We need to integrate vertically and horizontally across sectors of the economy.
Also added is “the knife-edge state of incessant product scarcity danger that confront the nation must be eliminated. For this unstable state in itself breeds and heighten instability.
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