Politics of Oil De-regulation and Nigeria's Change Agenda

Abstract

This position paper examines the politics of oil deregulation and its connection with the President Buhari's change agenda. The paper equally make a critical review of the history of oil discovery in Nigeria and its impacts in changing the economic perspective of Nigeria specifically how oil discovery influenced greater shift by making Nigeria moved from Agro-based to oil relying economy. The paper also make a comparative analysis between subsidy and deregulation regimes and make an assessment of the major crises that characterized the subsidy regime especially corruption and lack of accountability in the revenue generated through the sales of the nation's crude oil for over five decades. The paper also make an analysis of what the APC Change agenda is all about and its connection with the deregulation of the downstream oil sector in Nigeria.