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It means removal of the subsidy, (the part government pays for) in getting dometsic fuel

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What are the impact of deregulation of oil sector on Nigeria economy?

it has increased the cost of living,made the cost of transportation high and even created job opportunities


What strategies is Nigeria adopting to transit from a mixed economy to capitalist economy?

It is the process we use to consume goods. actually in the Nigerian economy, capitalism is being practiced in paper while in the real context, Nigeria practives mixed economy because the key sectors of the economy like Oil, power, etc are being owned and handled by the government. For now nigeria has adopted many measures to transit from a mixed economic system to a capitalist economy such as the privatisation and comercialization of the Electric sector, Deregulation of the oil sector, etc. CONTRIBUTION BY AFOMACHUKWU OKAFOR ECONOMICS DEPT. ESUT


What are the objective of deregulation?

The main objective for deregulation thus is to increase the overall efficiency in the sector, which implies use of expertise to reduce shortcomings in technical, Managerial and overall operational fields. Ajemrena Fidelson Delta State Polythecnics, Ozoro 07060437091


Meaning of corporate sector?

Corporate Sector is a term used to describe a certain section of society. It can consist of companies, industries and businesses.


How did government deregulation affect savings an loans banks?

Government deregulation in the 1980s allowed savings and loan (S&L) banks greater freedom in their investment activities, leading them to engage in riskier ventures. This shift contributed to significant financial instability, as many S&Ls suffered heavy losses from poor investments and real estate speculation. The ensuing crisis resulted in the failure of numerous S&Ls, prompting a costly federal bailout and leading to stricter regulations in subsequent years. Ultimately, deregulation aimed at fostering competition inadvertently exposed the sector to severe risks and economic downturns.

Related Questions

What are the advantages and disadvantages of deregulation in Nigeria?

Deregulation brings about efficiency in the oil sector as a result of heathy competitiin.


What are the impact of deregulation of oil sector on Nigeria economy?

it has increased the cost of living,made the cost of transportation high and even created job opportunities


What has the author Vincent Akpotaire written?

Vincent Akpotaire has written: 'Privatisation and deregulation of the downstream sector of the oil and gas sector' -- subject(s): Deregulation, Law and legislation, Petroleum industry and trade, Privatization


Do an evaluation of public sector expenditure in technology and industrialization in Nigeria?

the nigeria public sector


What is the definition of banking sector reform in Nigeria?

The banking sector reform in Nigeria refers to the current changes that is taking place in Nigeria. These changes are aimed at streamlining the banking operations in Nigeria.


Rate causes and solutions to unemployment in Nigeria?

by implementing every sector in nigeria weather private or public sector and morealso regulating the financial economy


What strategies is Nigeria adopting to transit from a mixed economy to capitalist economy?

It is the process we use to consume goods. actually in the Nigerian economy, capitalism is being practiced in paper while in the real context, Nigeria practives mixed economy because the key sectors of the economy like Oil, power, etc are being owned and handled by the government. For now nigeria has adopted many measures to transit from a mixed economic system to a capitalist economy such as the privatisation and comercialization of the Electric sector, Deregulation of the oil sector, etc. CONTRIBUTION BY AFOMACHUKWU OKAFOR ECONOMICS DEPT. ESUT


What are the effects of using ATM in Nigeria banking sector?

The effectiveness of ATM in Nigeria is one of the easy banking


What will ensure efficiency in the industrial sector of your county Nigeria?

privatisation


What are the objective of deregulation?

The main objective for deregulation thus is to increase the overall efficiency in the sector, which implies use of expertise to reduce shortcomings in technical, Managerial and overall operational fields. Ajemrena Fidelson Delta State Polythecnics, Ozoro 07060437091


What is the meaning of core sector?

definition of core sector


What are the effects of global economic meltdown on Nigeria's banking sector?

More email scams.