The national president of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Francis Johnson, tells PREMIUM TIMES how workers view the proposed deregulation of the petroleum sector by the federal government.
PT: Deregulation of the petroleum industry means different things to different people – government, investors, marketers, etc. What does it mean to oil workers?
Johnson: Deregulation is a universal economic concept that promotes free market enterprise. When the regulator relaxes regulation and permits market forces to determine the means of production and distribution of an economic product, deregulation is achieved.