Recently, there have been consistent radio adverts urging Nigerians to accept deregulation as the magic wand invented by our team of expert economists for solving our national problems. Deregulation simply means non-direct involvement of government in the deregulated sectors. It could also be called privatization.
It might help to recall that privatization has been around for some time now. Towards the end of the Obasanjo administration in 2007, a lot of our national assets and "liabilities" were privatized. Notable among them were the oil refineries. There was controversy and rumour that the federal government colleges alias "unity schools" were also to be privatized. The reason was that private operators are more efficient in running these companies adn can check corruption more easily. However, following the outcry, the Yar'Adua administration reversed the "sale" of some of the corporations and from the probes that followed, we learnt that "due process" had not actually been followed. The privatization "thing" rested a while. But the Goodluck Jonathan "transformation agenda" transformed it to deregulation.


