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Those who have been following the argument for and against the deregulation of the oil industry in Nigeria may have got the impression that deregulation connotes lack of control or indifference on the part of the government. But there is nothing so far from official quarters to suggest that deregulation will cause the government to relinquish its control of the oil industry because the absence of direct control does not mean that it will surrender all its rights to the entrepreneurs who may want to participate in the industry. Yet the opposition expressed so far against stems from the fear that the government would leave Nigerians at the mercy of a heartless cartel who would command the heights of the oil industry and cause pump price of fuel to rise above the means of most Nigerians.
`As a result of such fears, many Nigerians have become resentful of deregulation and in fact the Nigeria Labour Congress (NLC) has threatened to ‘deregulate’ the government if it should go ahead with the deregulation plan. But Nigerians have not fared any better with the economy totally in government control. Until recently, the most important sectors of the economy were in the hands of the government. Today, the deregulation of some of these sectors has broken its monopoly and introduced healthy competition to make a little easier for Nigerians. A good example is the breaking of the stifling monopoly of Nigeria Airways. Today, the traveller is king at the domestic airports as opposed to the struggle that air travels used to be under Nigeria Airways monopoly. Before, it was almost easier for a camel to pass through the eye of a needle than for travellers to board a plane.
Following from this, the apostles of deregulation rightly heap all the blame for the problems associated with petroleum products distribution in this country squarely on the government, which owns all the refineries and which sells fuel to local consumers through its agency, the Nigerian National Petroleum Corporation (NNPC). In the same way, the government argues that if the current NNPC monopoly were broken with the introduction of entrepreneurs to the refining and sale of petroleum products in the country, the Nigerian people would be all the better for it. It stands to reason that once the government continues to fix maximum prices would be all the better for it. It stands to reason that once the government continues to fix maximum prices for petroleum products in this country, the deregulation of the oil sector should bring some relief to the people by ensuring that wastage, corruption and inefficiency are reduced to the minimum. Consumers will also have the last laugh because competition will result in the availability of the products at reasonable prices. This appears to be the sense in deregulation.
The coach has asked the Bright Rangers to be paid their --6-- salaries and --7-- so as to --8-- them to victory against Mamelodi Sundowns of South Africa in Saturday'sall-importantCAF Champions League Match. Bright Rangers are the third in group B with four points --9-- many matches and need to --10-- defeat at second-placed Al - Ahly to stay in the --11-- for a place in the semi-final of Africa's most prestigious club competition. The Coach told MTN Football.com that the team would be better motivated if they at leastreceive their August salaries before the Al-Ahly --12--. We have to make sure that they are paid their salaries --13-- so that they can play the game of their lives. The government has done very well, but it will be a big morale --14-- to get paid for them to go out there and play. The Coach informed MTN Football.com that the Bright Rangers plan to employ the counter --15-- to get a result in Cario.
--12--
Options:Choose the word that has the same consonant sound as the one in bracket;
Smoo[th]
Options:Choose the option that has the same consonant sound as the one represented by the underlined letter(s).
cough?
Options:Choose the most appropriate option opposite in meaning of the underlined word.
The poor man is compelled to languish in his poverty-stricken situation?
Options:In the question below choose the word(s) or phrase(s) which best fills(s) the gap(s):
Before the bill could be settled, Chuwang _____ all the money
Options:Choose the most appropriate option nearest in meaning to the underlined word.
I shuddered in revulsion as i watched the snake slowly swallow the struggling rat?
Options:CHOOSE THE OPTION THAT IS NEAREST IN MEANING TO THE WORD(S) IN BRACKET, FOR QUESTIONS below.
We must not [foreclose] reconciliation as the purpose of his trip
Options:Questions below are based on Bolaji Abdullahi's "Sweet Sixteen"
The significance of Mr Bello's advice to Aliya on Bobo's gift is that
Options: