Past & Present – The Difference

In the past, government tried either ‘appropriate pricing’ or ‘price adjustment’. Those were mere palliatives and not the solution to the comatose process of supply and distribution of petroleum products in the country.

Now that the government has opened up the sector to competition, scarcity will be a thing of the past. The present arrangement will allow for competitive pricing which will break the monopoly being enjoyed by NNPC. Deregulation is indeed a more comprehensive policy for social justice and re-engineering.