Skip to main content

INFLATION AND THE EFFECTS OF DEREGULATION

With the removal of subsidy and petrol selling for N145 per litre, Nigerians are thrown into panic and fear because of the purported effects of the deregulation with some envisaging further inflation.
But the purpose of deregulation is intended to do the exact opposite.

If well managed this deregulation could mean that;

other players come into the downstream sector and price is pushed downwards

with the creation of private refineries, scarcity will be addressed. creation of jobs across all Nigerian sectors and reduction in importation further strengthening the naira.

Nigeria is going through trying times but remember America went through a recession in 2008 and today they have recovered.
With good policies driving the economy, Nigeria should be able to come out of where it presently finds itself.

Comments

Post a Comment

Popular posts from this blog

The End SARS Protests

I have been quiet since the end sars movement started. Not because I didn’t want to speak but because I was hoping for it to culminate into something tangible and bring about the positive change that a lot of Nigerians desired. I remember having a conversation about it with someone and I prayed that it would not spiral out of control. I wanted a positive change but I wasn’t prepared for the cost of laying down lives because I sensed that it was going to get to that should the protesters expand their agitation to good governance. The powers that be would not surrender without a fight and they have the resources of the government on their side. They would claim that the protesters wanted to topple a “democratically elected” president. And that would make it illegal. And what is democratic about a president who has refused to listen to the cries of the people?In their short memory however, they have forgotten that this same president came into power for the first time in 1985 after a coup...
Post a Comment
Read more

THE GAINS AND LOSSES OF THE ABSENCE OF MR PRESIDENT: BY UWAKWE ROLAND.

President Muhammadu Buhari has been absent from duty since the last few months on a purported medical checkup in London. Good a thing he legally transferred power to the Vice President who is now the acting President, this is unlike the imbroglio that played out during Yar’adua’s time when the National Assembly had to invoke the doctrine of necessity so as to effectively transfer power to then Vice President Goodluck Jonathan. The problem is that even as an acting President, Yemi Osinbanjo has limited powers to fully assume responsibility as the commander in chief, this is because most of the big government functionaries may still owe their loyalty to Mr President, couple with this, Buhari appointed people of his like minds who may not comfortably work with the acting President that will want to bring his knowledge of law and practice into governance. Hence the long absence of Mr President may eventually result to a slow down of democratic dividends. The above ...
Post a Comment
Read more