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
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