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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.

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