INTRODUCTION:
Deregulation
policy has been globally embraced by many countries of the world, in order for
these countries to reduce public sector dominance and developing of liberalized
market while ensuring adequate supply of product. For the policy to be
successful in these other countries they had planed and mapped out an effective
policy response, which transcend into full deregulation.
This achievement has
been benefited by other countries of the world like Peru, Chlean Argentina,
Mexico, Japan, USA of that of Nigeria all be different story. Because there has
brought a systematically this states and countries into state-owned oil
companies which has make a significant turning point in the success story of
these countries
Against this backdrop of the recent debate on subsidies on
the down stream sector of the
petroleum, it is pertinent to highlight, in defails some of the pertinent question that have
arisen about what deregulation in
this sector